Retirement plan

STAX LLC 401(K) PROFIT SHARING PLAN

Name: STAX, LLC - STAX LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: STAX, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STAX LLC 401(K) PROFIT SHARING PLAN, STAX, LLC

STAX, LLCEIN 04-3282288Plan #002PY 2023

699 BOYLSTON STREET - BOSTON, MA 02116617-747-3400stax.comLinkedIn201-500 employeesmanagement consulting

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.7M

+37.4% from 2022

Total participants

232

-13.8% from 2022

Average account balance

$76,329

+59.3% from 2022

Annual return

20.27%

+32.23 pp from 2022

Benchmarks

See 1,031 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,031 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.62M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

206

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+17.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$342

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
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$29,451
TRANSAMERICA RETIREMENT SOLUTIONS4 years Service code 15 · EIN 13-3689044	Recordkeeping	$22,819
ASCENSUS LLC4 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843	Recordkeeping	$6,631

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

1 tripped

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

$59K

$495 / participant

Investment mgmt$59K100.0%

% of EOY assets

0.333%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LGA, LLP
Auditor EIN: 042694095
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,329

$69,511+9.8%

$94,664-19.4%

$71,511+6.7%

Participation rate

100.0%

78.4%+21.6pp

80.8%+19.2pp

67.9%+32.1pp

Annual return

20.27%

29.67%-9.4pp

156.84%-136.6pp

28.86%-8.6pp

Employer contribution / active EE

$8,503

$2,853+198.0%

$3,673+131.5%

$2,589+228.4%

Participant deferral / active EE

$14,302

$7,348+94.6%

$7,417+92.8%

$4,291+233.3%

Admin fee / account holder

$254

$1,211-79.0%

$7,222-96.5%

$1,588-84.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$29,451

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Service code 15 · EIN 13-3689044

Recordkeeping

$22,819

ASCENSUS LLC4 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 15 · EIN 82-3719843

Recordkeeping

$6,631

STAX LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STAX LLC 401(K) PROFIT SHARING 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