Retirement plan

EQUILIEM, INC. 401(K) PLAN

Name: EQUILIEM, INC. - EQUILIEM, INC. 401(K) PLAN (2023) Form 5500
Creator: EQUILIEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EQUILIEM, INC. 401(K) PLAN, EQUILIEM, INC.

EQUILIEM, INC.EIN 22-3367209Plan #002PY 2023

25 KENNEDY BOULEVARD SUITE 200 - EAST BRUNSWICK, NJ 08816732-238-6050equiliem.comLinkedIn1001-5000 employeesstaffing and recruiting

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$14.1M

+23.6% from 2022

Total participants

334

-87.8% from 2022

Average account balance

$44,955

-5.5% from 2022

Annual return

18.15%

+34.52 pp from 2022

Benchmarks

See 820 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort820 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.24M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

409

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.

6.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$761

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

+16.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21

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
MMA SECURITIES LLC1 year Service code 99 · EIN 22-3570392	Other Fees	$19,096
PLANNED RETIREMENT CONSULTANTS & AD1 year Filed as: PLANNED RETIREMENT CONSULTANTS &ADM Service code 49	Other Services	$6,096
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 99 · EIN 71-0294708	Other Fees	$2,932
PLANNED RETIREMENT CONSULTANTS & AD3 years Service code 49 555 GOFFLE RD STE 200 · RIDGEWOOD, NJ 07450	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

2 tripped

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

$6K

$23 / participant

Contract admin$6K100.0%

% of EOY assets

0.044%

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: CITRIN COOPERMAN & CO LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,955

$40,435+11.2%

$80,648-44.3%

$74,473-39.6%

Participation rate

92.6%

47.4%+45.2pp

67.0%+25.6pp

70.7%+21.8pp

Annual return

18.15%

165.22%-147.1pp

937.21%-919.1pp

34.36%-16.2pp

Employer contribution / active EE

$436

$1,498-70.9%

$2,724-84.0%

$2,638-83.5%

Participant deferral / active EE

$5,490

$2,673+105.4%

$4,443+23.5%

$4,530+21.2%

Admin fee / account holder

$20

$721-97.3%

$5,382-99.6%

$347-94.3%

Provider

Service type

Compensation

MMA SECURITIES LLC1 year

Service code 99 · EIN 22-3570392

Other Fees

$19,096

PLANNED RETIREMENT CONSULTANTS & AD1 year

Filed as: PLANNED RETIREMENT CONSULTANTS &ADM

Service code 49

Other Services

$6,096

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 99 · EIN 71-0294708

Other Fees

$2,932

PLANNED RETIREMENT CONSULTANTS & AD3 years

Service code 49

555 GOFFLE RD STE 200 · RIDGEWOOD, NJ 07450

Other Services

EQUILIEM, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EQUILIEM, INC. 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