Retirement plan

IA AMERICAN WARRANTY, LP 401(K) PLAN

Name: IA AMERICAN WARRANTY, LP - IA AMERICAN WARRANTY, LP 401(K) PLAN (2023) Form 5500
Creator: IA AMERICAN WARRANTY, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IA AMERICAN WARRANTY, LP 401(K) PLAN, IA AMERICAN WARRANTY, LP

IA AMERICAN WARRANTY, LPEIN 20-0320671Plan #001PY 2023

8201 N FM 620 SUITE 100 - AUSTIN, TX 78726512-421-8974

Prospect flagsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$45.2M

+17.8% from 2022

Total participants

810

+4.1% from 2022

Average account balance

$83,496

+17.6% from 2022

Annual return

16.67%

+31.40 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,360 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$49.16M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

519

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.

65.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$470

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC8 years Service code 27 120 VANTIS STE 400 · ALISO VIEJO, CA 926562689	Advisory (Plan)	$100,591
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$58,486
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$26,580
HOLTZMAN PARTNERS, LLP6 years Filed as: HOLTZMAN PARTNERS LLP Service code 10 1710 W 6TH ST · AUSTIN, TX 78703	Accounting	$10,500
QDRO CONSULTANTS COMPANY, LLC1 year Service code 16 3071 PEARL ROAD · MEDINA, OH 44256	Consulting	$400

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H3B

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$197K

$271 / participant

Recordkeeping$58K29.7%
Investment mgmt$128K64.8%
Other / not subdivided$11K5.5%

% of EOY assets

0.437%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SCOTT MILLER CPA & ASSOCIATES INC.
Auditor EIN: 873523110
Audit fees: $10,500
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,496

$91,372-8.6%

$129,995-35.8%

$74,419+12.2%

Participation rate

63.0%

77.8%-14.8pp

78.5%-15.5pp

70.7%-7.7pp

Annual return

16.67%

23.21%-6.5pp

-137.18%+153.9pp

34.38%-17.7pp

Employer contribution / active EE

$2,450

$2,563-4.4%

$4,320-43.3%

$2,637-7.1%

Participant deferral / active EE

$4,809

$4,721+1.9%

$5,820-17.4%

$4,528+6.2%

Admin fee / account holder

$365

$283+28.7%

$10,614-96.6%

$348+4.8%

Provider

Service type

Compensation

NFP RETIREMENT INC8 years

Service code 27

120 VANTIS STE 400 · ALISO VIEJO, CA 926562689

Advisory (Plan)

$100,591

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$58,486

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$26,580

HOLTZMAN PARTNERS, LLP6 years

Filed as: HOLTZMAN PARTNERS LLP

Service code 10

1710 W 6TH ST · AUSTIN, TX 78703

Accounting

$10,500

QDRO CONSULTANTS COMPANY, LLC1 year

Service code 16

3071 PEARL ROAD · MEDINA, OH 44256

Consulting

$400

IA AMERICAN WARRANTY, LP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IA AMERICAN WARRANTY, LP 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