Retirement plan

EDFINANCIAL SERVICES, LLC 401(K) PLAN

Name: EDFINANCIAL SERVICES, LLC - EDFINANCIAL SERVICES, LLC 401(K) PLAN (2019) Form 5500
Creator: EDFINANCIAL SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EDFINANCIAL SERVICES, LLC 401(K) PLAN, EDFINANCIAL SERVICES, LLC

EDFINANCIAL SERVICES, LLCEIN 20-5316278Plan #002PY 2019

298 N. SEVEN OAKS DRIVE - KNOXVILLE, TN 37922865-342-5127edfinancial.comLinkedIn1001-5000 employeeshigher education

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.3M

+18.9% from 2018

Total participants

536

+2.1% from 2018

Average account balance

$37,650

+21.9% from 2018

Annual return

25.14%

+30.78 pp from 2018

Benchmarks

See 873 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort873 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.42M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

711

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.

31.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+17.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786	Loan Processing	$48,257
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC HOLDINGS Service code 27 · EIN 04-3046611	Advisory (Plan)	$29,590
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC Service code 27 · EIN 62-1757444	Advisory (Plan)	$5,569
TENNESSEE PENSION ADMINISTRATORS2 years Filed as: TENNESSEE PENSION ADMINISTRATORS L Service code 26 · EIN 62-1757444	Advisory (Participants)	$1,906

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

$85K

$221 / participant

Contract admin$85K100.0%

% of EOY assets

0.523%

all-in expense ratio

Categories reported

1 / 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: KRAFTCPAS
Auditor EIN: 620713250
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,650

$54,237-30.6%

$90,304-58.3%

$67,579-44.3%

Participation rate

73.3%

68.6%+4.7pp

73.3%0pp

71.3%+2.0pp

Annual return

25.14%

37.27%-12.1pp

78.13%-53.0pp

378.56%-353.4pp

Employer contribution / active EE

$828

$1,846-55.2%

$2,855-71.0%

$2,148-61.5%

Participant deferral / active EE

$2,267

$2,625-13.6%

$3,885-41.6%

$3,539-35.9%

Admin fee / account holder

$197

$123+59.7%

$5,354-96.3%

$142+38.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 37 · EIN 04-2647786

Loan Processing

$48,257

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL LLC HOLDINGS

Service code 27 · EIN 04-3046611

Advisory (Plan)

$29,590

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL LLC

Service code 27 · EIN 62-1757444

Advisory (Plan)

$5,569

TENNESSEE PENSION ADMINISTRATORS2 years

Filed as: TENNESSEE PENSION ADMINISTRATORS L

Service code 26 · EIN 62-1757444

Advisory (Participants)

$1,906

EDFINANCIAL SERVICES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDFINANCIAL SERVICES, LLC 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