Retirement plan

SOUTHERN FIDELITY MORTGAGE GROUP 401(K)

Name: SOUTHERN FIDELITY MORTGAGE GROUP OF HUNTSVILLE LLC - SOUTHERN FIDELITY MORTGAGE GROUP 401(K) (2020) Form 5500
Creator: SOUTHERN FIDELITY MORTGAGE GROUP OF HUNTSVILLE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN FIDELITY MORTGAGE GROUP 401(K), SOUTHERN FIDELITY MORTGAGE GROUP OF HUNTSVILLE LLC

SOUTHERN FIDELITY MORTGAGE GROUP OF HUNTSVILLE LLCEIN 20-5486780Plan #001PY 2020

3350 L AND N DR SW - HUNTSVILLE, AL 358015301256-562-1000

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$272K

+114.7% from 2019

Total participants

+120.0% from 2019

Average account balance

$45,376

+78.9% from 2019

Annual return

10.55%

+10.55 pp from 2019

Benchmarks

See 32,149 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,149 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.17M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$231K

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

+8.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$285

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 codes2G2J2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2K

$261 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.576%

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

$45,376

$197,637-77.0%

$177,848-74.5%

$158,982-71.5%

Participation rate

16.7%

88.5%-71.9pp

87.7%-71.1pp

82.0%-65.3pp

Annual return

10.55%

58.77%-48.2pp

48.33%-37.8pp

302.99%-292.4pp

Employer contribution / active EE

$6,702

$6,698+0.1%

$5,919+13.2%

$4,763+40.7%

Participant deferral / active EE

$15,312

$8,405+82.2%

$7,714+98.5%

$5,983+155.9%

Admin fee / account holder

$261

$15,406-98.3%

$12,431-97.9%

$11,252-97.7%

SOUTHERN FIDELITY MORTGAGE GROUP 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN FIDELITY MORTGAGE GROUP 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