Retirement plan

UPTIME INSTITUTE PROFESSIONAL SERVICES LLC 401(K) PLAN

Name: UPTIME INSTITUTE PROFESSIONAL SERVICES LLC - UPTIME INSTITUTE PROFESSIONAL SERVICES LLC 401(K) PLAN (2023) Form 5500
Creator: UPTIME INSTITUTE PROFESSIONAL SERVICES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPTIME INSTITUTE PROFESSIONAL SERVICES LLC 401(K) PLAN, UPTIME INSTITUTE PROFESSIONAL SERVICES LLC

UPTIME INSTITUTE PROFESSIONAL SERVICES LLCEIN 22-3700489Plan #001PY 2023

405 LEXINGTON AVENUE, 9TH FLOOR - NEW YORK, NY 10174212-991-5749

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.4M

+8.0% from 2022

Total participants

134

-2.2% from 2022

Average account balance

$80,462

+9.7% from 2022

Annual return

16.26%

+34.18 pp from 2022

Benchmarks

See 3,175 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,175 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.07M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

129

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$627K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+19.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.9+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 48-1305000	Advisory (Plan)	$19,997
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$15,476
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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.
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

$37K

$597 / participant

Investment mgmt$22K58.2%
Contract admin$15K41.8%

% of EOY assets

0.357%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,462

$68,398+17.6%

$94,664-15.0%

$75,173+7.0%

Participation rate

91.9%

76.1%+15.9pp

80.8%+11.1pp

67.2%+24.7pp

Annual return

16.26%

616.72%-600.5pp

156.84%-140.6pp

160.72%-144.5pp

Employer contribution / active EE

$2,701-100.0%

$3,673-100.0%

$2,671-100.0%

Participant deferral / active EE

$9,822

$6,537+50.3%

$7,417+32.4%

$4,126+138.0%

Admin fee / account holder

$287

$5,324-94.6%

$7,222-96.0%

$5,651-94.9%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.9+ years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 48-1305000

Advisory (Plan)

$19,997

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$15,476

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

UPTIME INSTITUTE PROFESSIONAL SERVICES LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPTIME INSTITUTE PROFESSIONAL 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