Retirement plan

AON POOLED EMPLOYER PLAN

Name: AON CONSULTING, INC. - AON POOLED EMPLOYER PLAN (2021) Form 5500
Creator: AON CONSULTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AON POOLED EMPLOYER PLAN, AON CONSULTING, INC.

AON CONSULTING, INC.EIN 22-2232264Plan #001PY 2021

4 OVERLOOK POINT - LINCOLNSHIRE, IL 60069847-442-2737

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$310.8M

-53.2% from 2022

Total participants

15,423

-45.7% from 2022

Average account balance

$54,359

+19.5% from 2022

Annual return

0.00%

-104.94 pp from 2022

Benchmarks

See 82 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort82 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.14B

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

51,344

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.

51.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$348.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+81.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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 6 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 15 · EIN 04-3516284	Recordkeeping	$175,013
AON CONSULTING1+ years Service code 31 · EIN 22-2232264	Named fiduciary; Direct payment from ...	$133,807
AON CONSULTING1+ years Filed as: AON INVESTMENTS Service code 28 · EIN 36-3109431	Investment Management	$56,239
MOSS ADAMS LLP1+ years Filed as: MOSS ADAMS Service code 10 · EIN 91-0189318	Accounting	$38,000
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 22-1862786	Advisory (Participants)	$8,115
TD AMERITRADE, INC.1+ years Filed as: TD AMERITRADE Service code 33 · EIN 82-0543156	Securities brokerage	$750

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$418K

$30 / participant

Investment mgmt$373K89.3%
Other / not subdivided$45K10.7%

% of EOY assets

0.134%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,359

$143,889-62.2%

$189,534-71.3%

$106,520-49.0%

Participation rate

30.5%

89.1%-58.6pp

87.8%-57.3pp

71.3%-40.8pp

Annual return

0.00%

17.38%-17.4pp

555.39%-555.4pp

19.28%-19.3pp

Employer contribution / active EE

$423

$4,416-90.4%

$6,162-93.1%

$2,840-85.1%

Participant deferral / active EE

$702

$7,575-90.7%

$8,220-91.5%

$4,948-85.8%

Admin fee / account holder

$73

$98-25.6%

$12,049-99.4%

$75-1.9%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Filed as: VOYA INSTITUTIONAL PLAN SERVICES

Service code 15 · EIN 04-3516284

Recordkeeping

$175,013

AON CONSULTING1+ years

Service code 31 · EIN 22-2232264

Named fiduciary; Direct payment from ...

$133,807

AON CONSULTING1+ years

Filed as: AON INVESTMENTS

Service code 28 · EIN 36-3109431

Investment Management

$56,239

MOSS ADAMS LLP1+ years

Filed as: MOSS ADAMS

Service code 10 · EIN 91-0189318

Accounting

$38,000

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 22-1862786

Advisory (Participants)

$8,115

TD AMERITRADE, INC.1+ years

Filed as: TD AMERITRADE

Service code 33 · EIN 82-0543156

Securities brokerage

$750

AON POOLED EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AON POOLED EMPLOYER 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