Retirement plan

SEER TEAM RETIREMENT PLAN

Name: THE NEW EQUATION LIMITED LIABILITY COMPANY DBA SEER INTERACTIVE - SEER TEAM RETIREMENT PLAN (2022) Form 5500
Creator: THE NEW EQUATION LIMITED LIABILITY COMPANY DBA SEER INTERACTIVE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEER TEAM RETIREMENT PLAN, THE NEW EQUATION LIMITED LIABILITY COMPANY DBA SEER INTERACTIVE

THE NEW EQUATION LIMITED LIABILITY COMPANY DBA SEER INTERACTIVEEIN 03-0512205Plan #001PY 2022

1033 N. 2ND STREET, 2ND FLOOR - PHILADELPHIA, PA 19123215-967-4461

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.8M

-8.6% from 2021

Total participants

285

+42.5% from 2021

Average account balance

$25,116

-28.8% from 2021

Annual return

-23.73%

-39.63 pp from 2021

Benchmarks

See 5,988 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,988 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$11.00M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

231

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+20.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$86

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

Free accounts unlock saves, downloads, and 3-year history.

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$4K

$20 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FGMK
Auditor EIN: 362929601
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,116

$84,482-70.3%

$125,363-80.0%

$66,930-62.5%

Participation rate

71.6%

76.4%-4.8pp

82.4%-10.8pp

69.8%+1.8pp

Annual return

-23.73%

-8.49%-15.2pp

572.15%-595.9pp

1.57%-25.3pp

Employer contribution / active EE

$2,597

$3,553-26.9%

$4,815-46.1%

$2,545+2.0%

Participant deferral / active EE

$5,708

$6,782-15.8%

$7,447-23.3%

$4,238+34.7%

Admin fee / account holder

$16

$685-97.6%

$10,005-99.8%

$593-97.3%

SEER TEAM RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEER TEAM RETIREMENT 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