Retirement plan

ALLOVER MEDIA 401(K) PLAN

Name: ALLOVER MEDIA, LLC - ALLOVER MEDIA 401(K) PLAN (2022) Form 5500
Creator: ALLOVER MEDIA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALLOVER MEDIA 401(K) PLAN, ALLOVER MEDIA, LLC

ALLOVER MEDIA, LLCEIN 01-0755936Plan #001PY 2022

16355 - 36TH AVE. N., SUITE 700 - PLYMOUTH, MN 55446763-762-2000

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4.1M

-14.2% from 2021

Total participants

154

+7.7% from 2021

Average account balance

$35,431

-22.4% from 2021

Annual return

-17.66%

-32.49 pp from 2021

Benchmarks

See 5,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,991 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$19.35M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$111K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

174

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

60.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+102.74%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$832

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$20,823
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ INVESTMENT ADVISORY SERVICES Service code 27 6050 OAK TREE BLVD S · CLEVELAND, OH 44131	Advisory (Plan)	$12,944
RSM US LLP1 year Filed as: MCGLADREY LLP Service code 10 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Accounting	$12,600
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,703
CBIZ RETIREMENT PLAN SERVICES5 years Filed as: CBIZ BENEFITS & INS SERVICES INC. Service code 13 28126 NETWORK PLACE · CHICAGO, IL 606731281	Contract Administrator	$4,164

Plan features & details

Pension benefit codes2E2J2K2F2G2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$51K

$508 / participant

Contract admin$38K75.2%
Other / not subdivided$13K24.8%

% of EOY assets

1.236%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,431

$84,487-58.1%

$125,339-71.7%

$66,914-47.1%

Participation rate

62.0%

76.4%-14.4pp

82.4%-20.4pp

69.8%-7.8pp

Annual return

-17.66%

-8.39%-9.3pp

572.05%-589.7pp

1.58%-19.2pp

Employer contribution / active EE

$953

$3,553-73.2%

$4,814-80.2%

$2,544-62.5%

Participant deferral / active EE

$4,907

$6,781-27.6%

$7,446-34.1%

$4,237+15.8%

Admin fee / account holder

$438

$685-36.1%

$10,010-95.6%

$593-26.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$20,823

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ INVESTMENT ADVISORY SERVICES

Service code 27

6050 OAK TREE BLVD S · CLEVELAND, OH 44131

Advisory (Plan)

$12,944

RSM US LLP1 year

Filed as: MCGLADREY LLP

Service code 10

5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Accounting

$12,600

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,703

CBIZ RETIREMENT PLAN SERVICES5 years

Filed as: CBIZ BENEFITS & INS SERVICES INC.

Service code 13

28126 NETWORK PLACE · CHICAGO, IL 606731281

Contract Administrator

$4,164

ALLOVER MEDIA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLOVER MEDIA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion