Retirement plan

NUWEST GROUP HOLDINGS, LLC 401(K) PROFIT SHARING PLAN

Name: NUWEST GROUP HOLDINGS, LLC - NUWEST GROUP HOLDINGS, LLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: NUWEST GROUP HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NUWEST GROUP HOLDINGS, LLC 401(K) PROFIT SHARING PLAN, NUWEST GROUP HOLDINGS, LLC

NUWEST GROUP HOLDINGS, LLCEIN 26-1383035Plan #002PY 2020

325 118TH AVE SE, #300 - BELLEVUE, WA 98005425-602-5700

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$2.7M

+29.4% from 2019

Total participants

142

-38.3% from 2019

Average account balance

$41,834

+3.1% from 2019

Annual return

13.09%

-2.56 pp from 2019

Benchmarks

See 1,065 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,065 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.05M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

450

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.

15.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.94M

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

+16.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$230

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 6 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Filed as: FINANCIAL ADVOCATES INVESTMENT MGMT Service code 27 1601 COOPER POINT ROAD NW · OLYMPIA, WA 98502	Advisory (Plan)	$7,111
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,487
PENSYS FIDUCIARY SERVICES1 year Filed as: PENSYS FIDUCIARY SERVICES INC Service code 13 3000 LAVA RIDGE CT STE 130 · ROSEVILLE, CA 95661	Contract Administrator	$2,129
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$680
PENSYS, INC.1 year Filed as: PENSYS INC Service code 13 2440 PROFESSIONAL DR STE 100 · ROSEVILLE, CA 95661	Contract Administrator	$346
HUNNEX AND SHOEMAKER, INC.1 year Filed as: HUNNEX AND SHOEMAKER INC Service code 13 701 5TH AVENUE 6701 · SEATTLE, WA 98104	Contract Administrator	$270

Plan features & details

Pension benefit codes2E2F2G2J2J2T3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$17K

$136 / participant

Contract admin$17K100.0%

% of EOY assets

0.628%

all-in expense ratio

Categories reported

1 / 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: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,834

$43,133-3.0%

$89,414-53.2%

$73,493-43.1%

Participation rate

37.1%

55.0%-17.9pp

68.0%-30.9pp

70.7%-33.6pp

Annual return

13.09%

135.66%-122.6pp

245.50%-232.4pp

28.51%-15.4pp

Employer contribution / active EE

$3,310

$1,438+130.2%

$2,586+28.0%

$2,270+45.8%

Participant deferral / active EE

$2,445-100.0%

$3,890-100.0%

$3,740-100.0%

Admin fee / account holder

$263

$444-40.8%

$4,883-94.6%

$513-48.8%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Filed as: FINANCIAL ADVOCATES INVESTMENT MGMT

Service code 27

1601 COOPER POINT ROAD NW · OLYMPIA, WA 98502

Advisory (Plan)

$7,111

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,487

PENSYS FIDUCIARY SERVICES1 year

Filed as: PENSYS FIDUCIARY SERVICES INC

Service code 13

3000 LAVA RIDGE CT STE 130 · ROSEVILLE, CA 95661

Contract Administrator

$2,129

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$680

PENSYS, INC.1 year

Filed as: PENSYS INC

Service code 13

2440 PROFESSIONAL DR STE 100 · ROSEVILLE, CA 95661

Contract Administrator

$346

HUNNEX AND SHOEMAKER, INC.1 year

Filed as: HUNNEX AND SHOEMAKER INC

Service code 13

701 5TH AVENUE 6701 · SEATTLE, WA 98104

Contract Administrator

$270

NUWEST GROUP HOLDINGS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NUWEST GROUP HOLDINGS, LLC 401(K) PROFIT SHARING 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