PlanOptica
Retirement plan

FIDELITY ADVANTAGE 401(K)

FIDELITY WORKPLACE SERVICES LLCEIN 04-3532603Plan #001PY 2021
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88 BLACK FALCON AVENUE, SUITE 167 - BOSTON, MA 02110800-835-5097
Other plans on this EIN
1 filing
#002Retirement-$27.78B assets
Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(800) 835-5097
Plan administrator signer
TANYA DOUGLAS
Signed 10/07/2022
How to read this page

Summary metrics

Total assets (EOY)
$4.7M
-82.1% from 2022
Total participants
1,326
-73.8% from 2022
Average account balance
$7,621
-28.6% from 2022
Annual return
0.00%
-35.40 pp from 2022

Benchmarks

See 543 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants1,000-4,999
Cohort543 peers
Snapshot2021
Participant deferral / active EE
$1,760
median $6,641
Employer contribution / active EE
$14
median $3,115
Participation rate
45.0%
median 95.9%
Avg account balance
$7,621
median $95,463
Admin fee / account holder
$57
median $84
Annual return
0.00%
median 16.50%
Overall peer rank
15th percentileavg across 6 metrics

Analytics

2021 - 2024
Total assets (EOY)
Plan-year ending balance
$184.57M
Average account balance
Total assets / participants with a balance (line 6g)
$22K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8,425
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
52.7%
Contributions (total)
Employer and participant dollars contributed each year
$78.92M
Contributions per participant
Average employer and participant contribution per enrolled participant
$6K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+41.71%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$154
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2J2K3D2T2E2F2G
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3D
    Pre-approved pension plan
    A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

4 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II
Admin total
$35K
$27 / participant
  • Other / not subdivided$35K100.0%
% of EOY assets
0.744%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
No opinion code on file for this filing.
Auditor firm
(not reported)
Auditor EIN
-
Audit fees
(not subdivided)
Opinion code
-