Retirement plan

EDESIA INC. RETIREMENT SAVINGS PLAN

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

EDESIA, INC.EIN 26-0359866Plan #001PY 2024

550 ROMANO VINEYARD WAY - NORTH KINGSTOWN, RI 02852401-272-5521

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.1M

+23.5% from 2023

Total participants

181

-14.2% from 2023

Average account balance

$54,851

+33.9% from 2023

Annual return

14.32%

-3.27 pp from 2023

Benchmarks

See 6,010 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,010 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.11M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

166

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$119

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 2 by compensation

Provider	Service type	Compensation
OSAIC WEALTH INC1 year Service code 28 14800 FRYE ROAD, 2ND FLOOR · FORT WORTH, TX 76155	Investment Management	$12,396
ASCENSUS LLC3 years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$7,368

Plan features & details

Pension benefit codes2E2G2K2M2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

$20K

$135 / participant

Contract admin$20K100.0%

% of EOY assets

0.217%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KAHN, LITWIN, RENZA & CO., LTD.
Auditor EIN: 050409384
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,851

$55,423-1.0%

$155,602-64.7%

$74,400-26.3%

Participation rate

89.8%

61.9%+27.9pp

78.2%+11.6pp

67.2%+22.6pp

Annual return

14.32%

269.07%-254.8pp

64.81%-50.5pp

1367.51%-1353.2pp

Employer contribution / active EE

$2,646

$2,266+16.8%

$4,675-43.4%

$2,624+0.8%

Participant deferral / active EE

$4,490

$2,835+58.4%

$5,629-20.2%

$4,348+3.3%

Admin fee / account holder

$119

$1,744-93.2%

$15,923-99.3%

$1,944-93.9%

Provider

Service type

Compensation

OSAIC WEALTH INC1 year

Service code 28

14800 FRYE ROAD, 2ND FLOOR · FORT WORTH, TX 76155

Investment Management

$12,396

ASCENSUS LLC3 years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$7,368

EDESIA INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDESIA INC. 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