Retirement plan

SHIELDS BUSINESS SOLUTIONS, INC. 401(K) PLAN

Name: SHIELDS BUSINESS SOLUTIONS INC - SHIELDS BUSINESS SOLUTIONS, INC. 401(K) PLAN (2020) Form 5500
Creator: SHIELDS BUSINESS SOLUTIONS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHIELDS BUSINESS SOLUTIONS, INC. 401(K) PLAN, SHIELDS BUSINESS SOLUTIONS INC

SHIELDS BUSINESS SOLUTIONS INCEIN 23-1732634Plan #001PY 2020

5 TWOSOME DR - MOORESTOWN, NJ 08057856-727-0227shieldsbusinesssolutions.comLinkedIn51-200 employeesfinancial services

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1.9M

+10.5% from 2019

Total participants

-16.8% from 2019

Average account balance

$44,456

+13.1% from 2019

Annual return

13.66%

-6.22 pp from 2019

Benchmarks

See 9,208 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,208 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.07M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

35.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$202K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1551

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

Top 1 by compensation

Provider	Service type	Compensation
EMPLOYEE FIDUCIARY, LLC4 years Filed as: EMPLOYEE FIDUCIARY Service code 15 · EIN 61-1579239	Recordkeeping	$11,537

Plan features & details

Pension benefit codes2E2G2J2T3D2F3H

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.
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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$12K

$140 / participant

Investment mgmt$3923.3%
Contract admin$12K96.7%

% of EOY assets

0.639%

all-in expense ratio

Categories reported

2 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,456

$91,559-51.4%

$133,959-66.8%

$79,858-44.3%

Participation rate

32.9%

73.3%-40.4pp

79.8%-46.9pp

69.6%-36.7pp

Annual return

13.66%

61.85%-48.2pp

45.09%-31.4pp

31.72%-18.1pp

Employer contribution / active EE

$2,384-100.0%

$3,919-100.0%

$2,471-100.0%

Participant deferral / active EE

$1,351

$3,734-63.8%

$5,047-73.2%

$3,740-63.9%

Admin fee / account holder

$284

$6,321-95.5%

$8,928-96.8%

$5,306-94.6%

Provider

Service type

Compensation

EMPLOYEE FIDUCIARY, LLC4 years

Filed as: EMPLOYEE FIDUCIARY

Service code 15 · EIN 61-1579239

Recordkeeping

$11,537

SHIELDS BUSINESS SOLUTIONS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHIELDS BUSINESS SOLUTIONS, 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