Retirement plan

ONESOURCE RETIREMENT SAVINGS PLAN

Name: ONESOURCE LEASING SOLUTIONS, INC. - ONESOURCE RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: ONESOURCE LEASING SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ONESOURCE RETIREMENT SAVINGS PLAN, ONESOURCE LEASING SOLUTIONS, INC.

ONESOURCE LEASING SOLUTIONS, INC.EIN 23-3026303Plan #001PY 2024

1124 HIGHWAY 315 - WILKES BARRE, PA 18702570-825-3411onesourcestaffing.comLinkedIn51-200 employeesstaffing and recruiting

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.7M

-13.2% from 2023

Total participants

602

+1.9% from 2023

Average account balance

$52,330

-1.0% from 2023

Annual return

-15.11%

-33.53 pp from 2023

Benchmarks

See 836 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort836 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$13.71M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

262

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.

37.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.95M

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

-15.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$481

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907	Recordkeeping Fees	$77,355
MERRILL LYNCH PIERCE FENNER & SMITH5 years Filed as: MERRILL LYNCH Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$29,602
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80811	Investment Management	$13,394
N.A. FALCONE & ASSOCIATES, INC.10+ years Service code 13	Contract Administrator	$12,730
N.A. FALCONE & ASSOCIATES, INC.8 years Filed as: N.A. FALCONE & ASSOCIATES INC. Service code 13 · EIN 23-2773128	Contract Administrator	$5,570

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$126K

$231 / participant

Investment mgmt$120K95.6%
Contract admin$6K4.4%

% of EOY assets

0.918%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: KRONICK, KALADA, BERDY & CO., P.C.
Auditor EIN: 232667890
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,330

$45,031+16.2%

$85,009-38.4%

$77,671-32.6%

Participation rate

37.5%

48.7%-11.2pp

67.5%-30.0pp

70.6%-33.1pp

Annual return

-15.11%

79.22%-94.3pp

66.47%-81.6pp

31.21%-46.3pp

Employer contribution / active EE

$1,261

$1,609-21.6%

$2,728-53.8%

$2,726-53.7%

Participant deferral / active EE

$2,320

$2,807-17.4%

$4,522-48.7%

$4,648-50.1%

Admin fee / account holder

$481

$912-47.3%

$6,153-92.2%

$430+11.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$77,355

MERRILL LYNCH PIERCE FENNER & SMITH5 years

Filed as: MERRILL LYNCH

Service code 27

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$29,602

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80811

Investment Management

$13,394

N.A. FALCONE & ASSOCIATES, INC.10+ years

Service code 13

Contract Administrator

$12,730

N.A. FALCONE & ASSOCIATES, INC.8 years

Filed as: N.A. FALCONE & ASSOCIATES INC.

Service code 13 · EIN 23-2773128

Contract Administrator

$5,570

ONESOURCE RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ONESOURCE 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