Retirement plan

STAFFMARK/EMS 401K SAVINGS PLAN

Name: STAFFMARK GROUP, LLC - STAFFMARK/EMS 401K SAVINGS PLAN (2020) Form 5500
Creator: STAFFMARK GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STAFFMARK/EMS 401K SAVINGS PLAN, STAFFMARK GROUP, LLC

STAFFMARK GROUP, LLCEIN 06-1553489Plan #001PY 2020

201 EAST FOURTH STREET STE 800 - CINCINNATI, OH 45202513-852-4718smgroupna.comLinkedIn1001-5000 employeesstaffing and recruiting

Prospect flagsLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$70.3M

+12.1% from 2019

Total participants

102,319

+0.1% from 2019

Average account balance

$23,664

+6.3% from 2019

Annual return

16.57%

-5.45 pp from 2019

Benchmarks

See 47 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort47 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$130.15M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

5,366

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

$2.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+0.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$177,507
RAYMOND JAMES FINANCIAL SERVICES5 years Filed as: RAYMOND JAMES & ASSOCIATES INC Service code 99 880 CARILLON PKWY · ST PETERSBURG, FL 33716	Other Fees	$45,000
SAMET & COMPANY PC2 years Service code 10 1330 BOYLSTON ST · CHESTNUT HILL, MA 02467	Accounting	$26,500
GOLDLEAF PARTNERS4 years Filed as: GOLDLEAF PARTNERS SERVICES INC DBA Service code 99 PO BOX 55757 · BOSTON, MA 02205	Other Fees	$7,995
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$7,364
THOMPSON HINE1 year Filed as: THOMPSON HINE LLP Service code 29 3900 KEY CENTER · CLEVELAND, OH 441141291	Legal	$1,872
BARNES, IACCARINO & SHEPHERD LLP4 years Filed as: BARNES, DENNIG AND CO. LTD Service code 10 150 E FOURTH ST 3RD FL · CINCINNATI, OH 45202	Accounting	$394

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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

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.
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

$267K

$3 / participant

Contract admin$267K100.0%

% of EOY assets

0.380%

all-in expense ratio

Categories reported

1 / 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: SAMET & COMPANY
Auditor EIN: 043027605
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,664

$36,321-34.8%

$89,435-73.5%

$106,273-77.7%

Participation rate

1.6%

29.8%-28.3pp

68.0%-66.4pp

70.8%-69.2pp

Annual return

16.57%

24.00%-7.4pp

245.55%-229.0pp

21.70%-5.1pp

Employer contribution / active EE

$11

$507-97.9%

$2,587-99.6%

$2,722-99.6%

Participant deferral / active EE

$42

$1,286-96.7%

$3,890-98.9%

$4,601-99.1%

Admin fee / account holder

$90

$78+15.4%

$4,884-98.2%

$78+14.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$177,507

RAYMOND JAMES FINANCIAL SERVICES5 years

Filed as: RAYMOND JAMES & ASSOCIATES INC

Service code 99

880 CARILLON PKWY · ST PETERSBURG, FL 33716

Other Fees

$45,000

SAMET & COMPANY PC2 years

Service code 10

1330 BOYLSTON ST · CHESTNUT HILL, MA 02467

Accounting

$26,500

GOLDLEAF PARTNERS4 years

Filed as: GOLDLEAF PARTNERS SERVICES INC DBA

Service code 99

PO BOX 55757 · BOSTON, MA 02205

Other Fees

$7,995

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$7,364

THOMPSON HINE1 year

Filed as: THOMPSON HINE LLP

Service code 29

3900 KEY CENTER · CLEVELAND, OH 441141291

Legal

$1,872

BARNES, IACCARINO & SHEPHERD LLP4 years

Filed as: BARNES, DENNIG AND CO. LTD

Service code 10

150 E FOURTH ST 3RD FL · CINCINNATI, OH 45202

Accounting

$394

STAFFMARK/EMS 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STAFFMARK/EMS 401K SAVINGS 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