Retirement plan

NATIONAL EMPLOYEE MANAGEMENT RESOURCES RETIREMENT SAVINGS PLAN

Name: NATIONAL EMPLOYEE MGMT RESOURCES LLC - NATIONAL EMPLOYEE MANAGEMENT RESOURCES RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: NATIONAL EMPLOYEE MGMT RESOURCES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL EMPLOYEE MANAGEMENT RESOURCES RETIREMENT SAVINGS PLAN, NATIONAL EMPLOYEE MGMT RESOURCES LLC

NATIONAL EMPLOYEE MGMT RESOURCES LLCEIN 22-3642079Plan #001PY 2020

4-A EVES DR, SUITE 108 - MARLTON, NJ 08053856-642-9500simplifyinghr.comLinkedIn201-500 employees

Prospect flagsHigh feesLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$13.4M

+22.7% from 2019

Total participants

545

+4.2% from 2019

Average account balance

$52,659

+16.4% from 2019

Annual return

25.61%

-18.59 pp from 2019

Benchmarks

See 253 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort253 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.65M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

396

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.

49.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+24.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$432

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: GREAT-WEST LIFE & ANNUITY INC Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$68,465
SECURITY NATIONAL BANK6+ years Filed as: SECURITY SERVICES NETWORK Service code 55	Other Commissions	$27,377
CONTINENTAL BENEFITS GROUP, INC.6+ years Service code 13 · EIN 82-3719843	Contract Administrator	$23,258
CONTINENTAL BENEFITS GROUP, INC.6+ years Filed as: CONTINENTAL BENEFITS GROUP INC Service code 13	Contract Administrator	$11,268
ENVESTNET RETIREMENT SOLUTIONS, LLC5 years Service code 99 · EIN 62-1152936	Other Fees	$4,506
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,348
SECURITIES AMERICA INC5 years Filed as: SECURITIES SERVICE NETWORK INC Service code 55 · EIN 62-1152936	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$93K

$198 / participant

Contract admin$93K100.0%

% of EOY assets

0.698%

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: JASON F. CLAUSEN, PC
Auditor EIN: 274097479
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,659

$82,093-35.9%

$379,746-86.1%

$73,412-28.3%

Participation rate

38.3%

76.8%-38.4pp

78.4%-40.1pp

72.2%-33.8pp

Annual return

25.61%

18.89%+6.7pp

34.90%-9.3pp

59.30%-33.7pp

Employer contribution / active EE

$456

$2,847-84.0%

$3,540-87.1%

$2,234-79.6%

Participant deferral / active EE

$1,942

$4,697-58.6%

$6,024-67.8%

$3,806-49.0%

Admin fee / account holder

$367

$128+187.8%

$7,927-95.4%

$158+132.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: GREAT-WEST LIFE & ANNUITY INC

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$68,465

SECURITY NATIONAL BANK6+ years

Filed as: SECURITY SERVICES NETWORK

Service code 55

Other Commissions

$27,377

CONTINENTAL BENEFITS GROUP, INC.6+ years

Service code 13 · EIN 82-3719843

Contract Administrator

$23,258

CONTINENTAL BENEFITS GROUP, INC.6+ years

Filed as: CONTINENTAL BENEFITS GROUP INC

Service code 13

Contract Administrator

$11,268

ENVESTNET RETIREMENT SOLUTIONS, LLC5 years

Service code 99 · EIN 62-1152936

Other Fees

$4,506

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,348

SECURITIES AMERICA INC5 years

Filed as: SECURITIES SERVICE NETWORK INC

Service code 55 · EIN 62-1152936

Other Commissions

NATIONAL EMPLOYEE MANAGEMENT RESOURCES RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL EMPLOYEE MANAGEMENT RESOURCES RETIREMENT SAVINGS 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