Retirement plan

OUTSOURCE, LLC 401K PROFIT SHARING PLAN

Name: OUTSOURCE, LLC - OUTSOURCE, LLC 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: OUTSOURCE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OUTSOURCE, LLC 401K PROFIT SHARING PLAN, OUTSOURCE, LLC

OUTSOURCE, LLCEIN 20-0586432Plan #002PY 2020

711-A CAMPUS SQUARE W - EL SEGUNDO, CA 902455081310-953-3048outsource.netLinkedIn51-200 employeesstaffing and recruiting

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$12.3M

+18.5% from 2019

Total participants

7,358

-14.2% from 2019

Average account balance

$14,281

+5.4% from 2019

Annual return

17.10%

-4.80 pp from 2019

Benchmarks

See 39 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort39 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.25M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

1,295

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.

11.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$389

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

+13.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786	Loan Processing	$66,897
HOLDEN WEALTH MANAGEMENT INC.6+ years Service code 27 · EIN 03-0397432 1223 W CARSON ST · TORRANCE, CA 90502	Advisory (Plan)	$24,064
ACTUARIAL BENEFITS CORP6+ years Filed as: ACTUARIAL BENEFITS CORP. Service code 16 · EIN 20-1054428	Consulting	$21,769

Plan features & details

Pension benefit codes2E2F2G2J3H2T3B

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$113K

$16 / participant

Other / not subdivided$113K100.0%

% of EOY assets

0.916%

all-in expense ratio

Categories reported

0 / 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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,281

$37,542-62.0%

$89,435-84.0%

$93,223-84.7%

Participation rate

6.3%

36.7%-30.3pp

68.0%-61.7pp

74.9%-68.6pp

Annual return

17.10%

16.65%+0.4pp

245.55%-228.5pp

19.29%-2.2pp

Employer contribution / active EE

$137

$644-78.7%

$2,587-94.7%

$2,680-94.9%

Participant deferral / active EE

$109

$1,684-93.5%

$3,890-97.2%

$4,563-97.6%

Admin fee / account holder

$131

$107+22.4%

$4,884-97.3%

$79+65.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Filed as: FIDELITY INVESTMENTS

Service code 37 · EIN 04-2647786

Loan Processing

$66,897

HOLDEN WEALTH MANAGEMENT INC.6+ years

Service code 27 · EIN 03-0397432

1223 W CARSON ST · TORRANCE, CA 90502

Advisory (Plan)

$24,064

ACTUARIAL BENEFITS CORP6+ years

Filed as: ACTUARIAL BENEFITS CORP.

Service code 16 · EIN 20-1054428

Consulting

$21,769

OUTSOURCE, LLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OUTSOURCE, LLC 401K PROFIT SHARING 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