Retirement plan

SWACHA 401(K) PROFIT SHARING PLAN

Name: SOUTHWESTERN AUTOMATED CLEARING HOUSE - SWACHA 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: SOUTHWESTERN AUTOMATED CLEARING HOUSE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWACHA 401(K) PROFIT SHARING PLAN, SOUTHWESTERN AUTOMATED CLEARING HOUSE

SOUTHWESTERN AUTOMATED CLEARING HOUSEEIN 23-7382708Plan #001PY 2015

1999 BRYAN ST STE 3600 - DALLAS, TX 752016809214-438-4501epayresources.orgLinkedIn11-50 employeesbanking

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed March 19, 2024 (most recent of 2 filings on file)

Plan administrator

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1999 Bryan St. Ste 950

Dallas, TX 75201

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Plans declared (1)

Incentive Bonus Plan8 emp

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Total assets (EOY)

$1.6M

No prior year

Total participants

No prior year

Average account balance

$99,422

No prior year

Annual return

-1.20%

No prior year

Benchmarks

See 26,340 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort26,340 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.57M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

127.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$315K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9073

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

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$39K

$2990 / participant

Other / not subdivided$39K100.0%

% of EOY assets

2.443%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,422

$84,685+17.4%

$73,836+34.7%

$125,389-20.7%

Participation rate

84.6%

76.8%+7.9pp

73.4%+11.2pp

83.2%+1.4pp

Annual return

-1.20%

3123.80%-3125.0pp

2268.06%-2269.3pp

282.24%-283.4pp

Employer contribution / active EE

$9,233

$3,123+195.6%

$2,787+231.2%

$4,866+89.7%

Participant deferral / active EE

$6,309

$3,993+58.0%

$3,583+76.1%

$5,352+17.9%

Admin fee / account holder

$2,429

$5,694-57.3%

$4,882-50.2%

$9,541-74.5%

SWACHA 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWACHA 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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