Retirement plan

HIGHRISE CONSULTING, INC 401K PLAN

Name: HIGHRISE CONSULTING, INC - HIGHRISE CONSULTING, INC 401K PLAN (2020) Form 5500
Creator: HIGHRISE CONSULTING, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGHRISE CONSULTING, INC 401K PLAN, HIGHRISE CONSULTING, INC

HIGHRISE CONSULTING, INCEIN 20-4825013Plan #001PY 2020

7104 SAUNDERS COURT - BETHESDA, MD 20817301-648-3104highriseconsulting.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.5M

+20.1% from 2019

Total participants

126

-14.3% from 2019

Average account balance

$66,303

+39.7% from 2019

Annual return

20.13%

-4.13 pp from 2019

Benchmarks

See 26,422 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,422 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.25M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

90.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

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

+13.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13042

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

Top 1 by compensation

Provider	Service type	Compensation
EPLAN ADVISORS, LLC1 year Service code 17 · EIN 36-1543746	Pension Consulting	$18,325

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$22K

$224 / participant

Investment mgmt$18K85.0%
Contract admin$3K14.1%
Other / not subdivided$1820.8%

% of EOY assets

0.332%

all-in expense ratio

Categories reported

2 / 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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,303

$98,766-32.9%

$149,730-55.7%

$79,852-17.0%

Participation rate

70.8%

75.8%-4.9pp

82.5%-11.6pp

69.6%+1.2pp

Annual return

20.13%

27.43%-7.3pp

276.70%-256.6pp

31.72%-11.6pp

Employer contribution / active EE

$2,980

$3,217-7.4%

$4,645-35.9%

$2,471+20.6%

Participant deferral / active EE

$7,481

$5,681+31.7%

$6,843+9.3%

$3,740+100.0%

Admin fee / account holder

$220

$6,052-96.4%

$9,310-97.6%

$5,306-95.9%

Provider

Service type

Compensation

EPLAN ADVISORS, LLC1 year

Service code 17 · EIN 36-1543746

Pension Consulting

$18,325

HIGHRISE CONSULTING, INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGHRISE CONSULTING, INC 401K 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