Retirement plan

THE URBAN ELECTRIC COMPANY 401(K) PLAN

Name: THE URBAN ELECTRIC COMPANY - THE URBAN ELECTRIC COMPANY 401(K) PLAN (2024) Form 5500
Creator: THE URBAN ELECTRIC COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE URBAN ELECTRIC COMPANY 401(K) PLAN, THE URBAN ELECTRIC COMPANY

THE URBAN ELECTRIC COMPANYEIN 20-0106483Plan #001PY 2024

4500 LEED AVENUE, SUITE 101 E - NORTH CHARLESTON, SC 29405843-723-8140urbanelectric.comLinkedIn201-500 employeesluxury goods & jewelry

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$10M

+28.8% from 2023

Total participants

356

-1.1% from 2023

Average account balance

$45,623

+22.9% from 2023

Annual return

19.13%

-3.43 pp from 2023

Benchmarks

See 2,379 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,379 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.99M

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.

219

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.

56.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+19.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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
ONEDIGITAL INVESTMENT ADVISORS LLC2 years Filed as: ONE DIGITAL INVESTMENT ADVISORS Service code 27 PO BOX 735399 · DALLAS, TX 75373	Advisory (Plan)	$30,254
MARQUIS PENSION, LLC8 years Service code 13 P.O. BOX 594 · WEST MILFORD, NJ 07480	Contract Administrator	$17,286
GREAT-WEST LIFE & ANNUITY INSURANCE6 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$14,239

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$37K

$117 / participant

Contract admin$37K100.0%

% of EOY assets

0.368%

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: DCPAS, LLC DBA DAVIS & COMPANY CPAS
Auditor EIN: 824158464
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,623

$89,123-48.8%

$102,460-55.5%

$77,762-41.3%

Participation rate

56.4%

80.9%-24.5pp

76.5%-20.1pp

70.6%-14.2pp

Annual return

19.13%

25.05%-5.9pp

29.47%-10.3pp

31.27%-12.1pp

Employer contribution / active EE

$1,107

$2,700-59.0%

$3,025-63.4%

$2,728-59.4%

Participant deferral / active EE

$2,895

$5,148-43.8%

$5,056-42.7%

$4,651-37.7%

Admin fee / account holder

$168

$236-28.8%

$9,460-98.2%

$433-61.2%

Provider

Service type

Compensation

ONEDIGITAL INVESTMENT ADVISORS LLC2 years

Filed as: ONE DIGITAL INVESTMENT ADVISORS

Service code 27

PO BOX 735399 · DALLAS, TX 75373

Advisory (Plan)

$30,254

MARQUIS PENSION, LLC8 years

Service code 13

P.O. BOX 594 · WEST MILFORD, NJ 07480

Contract Administrator

$17,286

GREAT-WEST LIFE & ANNUITY INSURANCE6 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$14,239

THE URBAN ELECTRIC COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE URBAN ELECTRIC COMPANY 401(K) 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