Retirement plan

TALENTBRIDGE COMPANIES 401(K) PLAN

Name: EMPLOYEE RELATIONS ASSOCIATES, INC. - TALENTBRIDGE COMPANIES 401(K) PLAN (2020) Form 5500
Creator: EMPLOYEE RELATIONS ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TALENTBRIDGE COMPANIES 401(K) PLAN, EMPLOYEE RELATIONS ASSOCIATES, INC.

EMPLOYEE RELATIONS ASSOCIATES, INC.EIN 16-1237844Plan #001PY 2020

6100 FAIRVIEW RD, SUITE 500 - CHARLOTTE, NC 28210704-644-7000er-associates.comLinkedIn1001-5000 employeeshuman resources

Prospect flagsLow returnsHigh feesLow participation

Top hat statement on fileNQDC

Filed August 1, 2013 (most recent of 5 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$4.3M

-48.8% from 2019

Total participants

382

-21.9% from 2019

Average account balance

$48,740

-53.4% from 2019

Annual return

-41.94%

-66.92 pp from 2019

Benchmarks

See 695 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort695 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.69M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

125

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.

7.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$876K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$835

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

+13.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$320

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP6+ years Filed as: BURKE GROUP Service code 15 · EIN 80-0688755	Recordkeeping	$44,365
ALESCO ADVISORS4 years Service code 27 1080 PITTSFORD-VICTOR ROAD · PITTSFORD, NY 14534	Advisory (Plan)	$6,619
THE WATERFORD GROUP LLC1 year Filed as: THE WATERFORD GROUP, LLC Service code 27 1657 EAST AVENUE · ROCHESTER, NY 14610	Advisory (Plan)	$6,323
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 64 · EIN 04-2647786	Recordkeeping Fees	$440

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.

Expense breakdown

Schedule H Part II

Admin total

$61K

$171 / participant

Other / not subdivided$61K100.0%

% of EOY assets

1.425%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,740

$39,948+22.0%

$89,391-45.5%

$73,409-33.6%

Participation rate

17.9%

50.4%-32.5pp

68.0%-50.1pp

72.2%-54.3pp

Annual return

-41.94%

50.12%-92.1pp

245.62%-287.6pp

59.29%-101.2pp

Employer contribution / active EE

$696

$1,200-42.0%

$2,586-73.1%

$2,234-68.8%

Participant deferral / active EE

$1,733

$2,193-21.0%

$3,890-55.4%

$3,805-54.5%

Admin fee / account holder

$695

$134+417.6%

$4,881-85.8%

$158+340.0%

Provider

Service type

Compensation

USI CONSULTING GROUP6+ years

Filed as: BURKE GROUP

Service code 15 · EIN 80-0688755

Recordkeeping

$44,365

ALESCO ADVISORS4 years

Service code 27

1080 PITTSFORD-VICTOR ROAD · PITTSFORD, NY 14534

Advisory (Plan)

$6,619

THE WATERFORD GROUP LLC1 year

Filed as: THE WATERFORD GROUP, LLC

Service code 27

1657 EAST AVENUE · ROCHESTER, NY 14610

Advisory (Plan)

$6,323

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$440

TALENTBRIDGE COMPANIES 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TALENTBRIDGE COMPANIES 401(K) PLAN

Top hat statement on fileNQDC

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