Retirement plan

ADURO 401(K) PLAN

Name: ADURO, LLC - ADURO 401(K) PLAN (2022) Form 5500
Creator: ADURO, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADURO 401(K) PLAN, ADURO, LLC

ADURO, LLCEIN 20-1119906Plan #001PY 2022

17425 NE UNION HILL RD, SUITE 100 - REDMOND, WA 98052866-906-2433

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.7M

-14.1% from 2021

Total participants

175

-3.8% from 2021

Average account balance

$41,019

-10.0% from 2021

Annual return

-16.96%

-39.21 pp from 2021

Benchmarks

See 5,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,991 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.58M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

112

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$547K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$656

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290	Contract Administrator	$85,850
AMERIPRISE FINANCIAL SERVICES INC4 years Service code 49	Other Services	$27,186
INDEPENDENT RETIREMENT CONSULTING1 year Service code 13	Contract Administrator	$8,763
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 49 · EIN 51-6041053	Other Services	$0
INDEPENDENT RETIREMENT1 year Service code 13 · EIN 90-0451904 6500 S MACADAM AVENUE · PORTLAND, OR 97239	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$86K

$833 / participant

Contract admin$86K100.0%

% of EOY assets

1.276%

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: SHANNON & ASSOCIATES, LLP
Auditor EIN: 911125800
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,019

$84,487-51.4%

$125,358-67.3%

$66,923-38.7%

Participation rate

89.3%

76.4%+12.9pp

82.4%+6.9pp

69.8%+19.5pp

Annual return

-16.96%

-8.39%-8.6pp

572.03%-589.0pp

1.58%-18.5pp

Employer contribution / active EE

$3,761

$3,553+5.9%

$4,814-21.9%

$2,545+47.8%

Participant deferral / active EE

$8,328

$6,781+22.8%

$7,447+11.8%

$4,237+96.5%

Admin fee / account holder

$523

$685-23.6%

$10,007-94.8%

$593-11.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Filed as: PRINCIPAL LIFE INSURANCE CO

Service code 13 · EIN 42-0127290

Contract Administrator

$85,850

AMERIPRISE FINANCIAL SERVICES INC4 years

Service code 49

Other Services

$27,186

INDEPENDENT RETIREMENT CONSULTING1 year

Service code 13

Contract Administrator

$8,763

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 49 · EIN 51-6041053

Other Services

INDEPENDENT RETIREMENT1 year

Service code 13 · EIN 90-0451904

6500 S MACADAM AVENUE · PORTLAND, OR 97239

Contract Administrator

ADURO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADURO 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