Retirement plan

EFFICIENT OFFICE SOLUTIONS 401(K)

Name: EFFICIENT OFFICE SOLUTIONS, LLC - EFFICIENT OFFICE SOLUTIONS 401(K) (2020) Form 5500
Creator: EFFICIENT OFFICE SOLUTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EFFICIENT OFFICE SOLUTIONS 401(K), EFFICIENT OFFICE SOLUTIONS, LLC

EFFICIENT OFFICE SOLUTIONS, LLCEIN 20-1535406Plan #001PY 2020

24470 INDOPLEX CIRCLE - FARMINGTON HILLS, MI 48335734-367-9054

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$157K

+131.9% from 2019

Total participants

+40.0% from 2019

Average account balance

$31,461

+131.9% from 2019

Annual return

34.19%

+34.19 pp from 2019

Benchmarks

See 22,194 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,194 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$560K

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$82K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$696

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$850

$121 / participant

Other / not subdivided$850100.0%

% of EOY assets

0.540%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,461

$162,821-80.7%

$133,978-76.5%

$158,982-80.2%

Participation rate

71.4%

83.2%-11.8pp

79.8%-8.4pp

82.0%-10.5pp

Annual return

34.19%

41.95%-7.8pp

45.10%-10.9pp

302.99%-268.8pp

Employer contribution / active EE

$3,177

$4,976-36.1%

$3,919-18.9%

$4,763-33.3%

Participant deferral / active EE

$6,290

$5,910+6.4%

$5,047+24.6%

$5,983+5.1%

Admin fee / account holder

$170

$11,742-98.6%

$8,930-98.1%

$11,252-98.5%

EFFICIENT OFFICE SOLUTIONS 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EFFICIENT OFFICE SOLUTIONS 401(K)

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