Retirement plan

SPRINGWELL RETIREMENT PLAN

Name: SPRINGWELL, INC. - SPRINGWELL RETIREMENT PLAN (2021) Form 5500
Creator: SPRINGWELL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPRINGWELL RETIREMENT PLAN, SPRINGWELL, INC.

SPRINGWELL, INC.EIN 04-2616064Plan #004PY 2021

307 WAVERLY OAKS ROAD, SUITE 205 - WALTHAM, MA 02452617-926-4100springwell.comLinkedIn201-500 employeesindividual & family services

Other plans on this EIN

1 filing

#005Retirement-$189K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.3M

+39.4% from 2020

Total participants

215

+5.9% from 2020

Average account balance

$39,906

+32.6% from 2020

Annual return

38.68%

+36.20 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.68M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

319

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.

76.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.81M

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

+13.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$244

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

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$19,511
SUMMIT FINANCIAL CORPORATION1 year Filed as: SUMMIT FINANCIAL INSURANCE AGENCY Service code 13 300 BALLARDVALE STREET · WILMINGTON, MA 01887	Contract Administrator	$14,189
COMMONWEALTH FINANCIAL NETWORK3 years Filed as: COMMONWEALTH EQUITY SERVICES Service code 27 29 SAWYER ROAD · WALTHAM, MA 02453	Advisory (Plan)	$12,554

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$48K

$358 / participant

Other / not subdivided$48K100.0%

% of EOY assets

0.649%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: AAFCPA'S, INC.
Auditor EIN: 042571780
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,906

$61,166-34.8%

$185,837-78.5%

$79,393-49.7%

Participation rate

76.7%

66.6%+10.1pp

81.7%-5.0pp

70.7%+6.0pp

Annual return

38.68%

19.45%+19.2pp

122.08%-83.4pp

116.87%-78.2pp

Employer contribution / active EE

$3,043

$2,321+31.1%

$5,168-41.1%

$2,428+25.3%

Participant deferral / active EE

$2,927

$2,789+4.9%

$5,568-47.4%

$4,046-27.7%

Admin fee / account holder

$259

$710-63.5%

$16,241-98.4%

$627-58.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$19,511

SUMMIT FINANCIAL CORPORATION1 year

Filed as: SUMMIT FINANCIAL INSURANCE AGENCY

Service code 13

300 BALLARDVALE STREET · WILMINGTON, MA 01887

Contract Administrator

$14,189

COMMONWEALTH FINANCIAL NETWORK3 years

Filed as: COMMONWEALTH EQUITY SERVICES

Service code 27

29 SAWYER ROAD · WALTHAM, MA 02453

Advisory (Plan)

$12,554

SPRINGWELL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPRINGWELL 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