Retirement plan

PREFERRED EMPLOYER PLAN FOR ENVIOS DE VALORES LA NACIONAL CORP

Name: FIDUCIARY WISE, LLC FBO ENVIOS DE VALORES LA NACIONAL CORP - PREFERRED EMPLOYER PLAN FOR ENVIOS DE VALORES LA NACIONAL CORP (2024) Form 5500
Creator: FIDUCIARY WISE, LLC FBO ENVIOS DE VALORES LA NACIONAL CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREFERRED EMPLOYER PLAN FOR ENVIOS DE VALORES LA NACIONAL CORP, FIDUCIARY WISE, LLC FBO ENVIOS DE VALORES LA NACIONAL CORP

FIDUCIARY WISE, LLC FBO ENVIOS DE VALORES LA NACIONAL CORPEIN 13-3267384Plan #200PY 2024

2487 S. GILBERT RD, SUITE 106-454 - GILBERT, AZ 85295347-398-7108

Prospect flagsLow returnsHigh feesLow participationLow assets / participantLow employer contributionLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$3.2M

+17.4% from 2023

Total participants

232

-4.1% from 2023

Average account balance

$32,268

+12.6% from 2023

Annual return

10.21%

-3.15 pp from 2023

Benchmarks

See 2,173 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,173 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.19M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

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.

37.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$416K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$410

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Filed as: NATIONWIDE FINANCIAL Service code 15 · EIN 31-4156830	Recordkeeping	$15,185
HAYS COMPANIES1 year Filed as: HAYS FINANCIAL GROUP Service code 53 · EIN 41-1931920	Insurance Commissions	$10,473
INWEST RETIREMENT SOLUTIONS3 years Service code 15 4305 N GARFIELD · MIDLAND, TX 79705	Recordkeeping	$5,886
IFAM CAPITAL1 year Service code 53 · EIN 47-2600132	Insurance Commissions	$5,071

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

7 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$41K

$191 / participant

Recordkeeping$15K37.4%
Investment mgmt$20K48.1%
Contract admin$6K14.5%

% of EOY assets

1.271%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PAAST, P.L
Auditor EIN: 650942623
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,268

$122,063-73.6%

$184,256-82.5%

$74,478-56.7%

Participation rate

37.6%

85.5%-47.9pp

86.8%-49.3pp

67.2%-29.7pp

Annual return

10.21%

19.92%-9.7pp

28.85%-18.6pp

1370.56%-1360.3pp

Employer contribution / active EE

$756

$4,539-83.4%

$6,427-88.2%

$2,626-71.2%

Participant deferral / active EE

$1,198

$7,144-83.2%

$9,133-86.9%

$4,350-72.5%

Admin fee / account holder

$410

$1,253-67.3%

$13,899-97.0%

$1,946-78.9%

Provider

Service type

Compensation

NATIONWIDE1 year

Filed as: NATIONWIDE FINANCIAL

Service code 15 · EIN 31-4156830

Recordkeeping

$15,185

HAYS COMPANIES1 year

Filed as: HAYS FINANCIAL GROUP

Service code 53 · EIN 41-1931920

Insurance Commissions

$10,473

INWEST RETIREMENT SOLUTIONS3 years

Service code 15

4305 N GARFIELD · MIDLAND, TX 79705

Recordkeeping

$5,886

IFAM CAPITAL1 year

Service code 53 · EIN 47-2600132

Insurance Commissions

$5,071

PREFERRED EMPLOYER PLAN FOR ENVIOS DE VALORES LA NACIONAL CORP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREFERRED EMPLOYER PLAN FOR ENVIOS DE VALORES LA NACIONAL CORP

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