Retirement plan

MONROE CAPITAL LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: MONROE CAPITAL LLC - MONROE CAPITAL LLC 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: MONROE CAPITAL LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONROE CAPITAL LLC 401(K) PROFIT SHARING PLAN AND TRUST, MONROE CAPITAL LLC

MONROE CAPITAL LLCEIN 20-1790541Plan #001PY 2022

311 SOUTH WACKER DRIVE SUITE 6400 - CHICAGO, IL 60606312-523-2382monroecap.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$22.5M

-5.4% from 2021

Total participants

227

+29.7% from 2021

Average account balance

$106,494

-26.9% from 2021

Annual return

-18.64%

-39.97 pp from 2021

Benchmarks

See 1,744 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,744 peers

Snapshot2022

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$41.39M

Not enough data

1 years with asset history on file

Average account balance

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

$160K

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.

259

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.

93.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+20.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$436

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: SAGEVIEW ADVISORY GROUP Service code 99	Other Fees	$20,833
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 49 10319 DAWSONS CREEKS BLVD STE A · FORT WAYNE, IN 46825	Other Services	$20,463
SAGEVIEW ADVISORY GROUP, LLC1 year Service code 99 · EIN 33-0818667	Other Fees	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$86K

$430 / participant

Contract admin$86K100.0%

% of EOY assets

0.381%

all-in expense ratio

Categories reported

1 / 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: FGMK, LLC
Auditor EIN: 362929601
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,494

$51,197+108.0%

$82,719+28.7%

$66,914+59.1%

Participation rate

92.0%

67.8%+24.1pp

72.6%+19.4pp

69.8%+22.2pp

Annual return

-18.64%

-9.64%-9.0pp

701.18%-719.8pp

1.58%-20.2pp

Employer contribution / active EE

$5,408

$2,611+107.1%

$3,009+79.7%

$2,544+112.5%

Participant deferral / active EE

$12,928

$3,458+273.9%

$4,395+194.2%

$4,237+205.1%

Admin fee / account holder

$406

$416-2.3%

$5,329-92.4%

$593-31.6%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: SAGEVIEW ADVISORY GROUP

Service code 99

Other Fees

$20,833

ASCENSUS LLC2 years

Filed as: ASCENSUS

Service code 49

10319 DAWSONS CREEKS BLVD STE A · FORT WAYNE, IN 46825

Other Services

$20,463

SAGEVIEW ADVISORY GROUP, LLC1 year

Service code 99 · EIN 33-0818667

Other Fees

MONROE CAPITAL LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONROE CAPITAL LLC 401(K) PROFIT SHARING PLAN AND TRUST

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