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 (2022) 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 2022

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

Prospect flagsLow returnsLow participationLow employer contributionRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.4M

-2.6% from 2021

Total participants

499

+77.0% from 2021

Average account balance

$29,953

-38.0% from 2021

Annual return

-22.30%

-38.25 pp from 2021

Benchmarks

See 780 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort780 peers

Snapshot2022

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,347
LPL FINANCIAL3 years Filed as: FINANCIAL ADVOCATES INVESTMENT MGMT Service code 27 1601 COOPER POINT ROAD NW · OLYMPIA, WA 98502	Advisory (Plan)	$7,401
SCS1 year Filed as: BENSLER LLC DBA SCS Service code 27 10900 NE 8TH ST · BELLEVUE, WA 98004	Advisory (Plan)	$2,412
HUNNEX AND SHOEMAKER, INC.3 years Filed as: HUNNEX AND SHOEMAKER INC Service code 13 PO BOX 24629 · SEATTLE, WA 98124	Contract Administrator	$2,355
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,657

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$25K

$71 / participant

Contract admin$25K100.0%

% of EOY assets

0.727%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,953

$34,634-13.5%

$77,096-61.1%

$64,819-53.8%

Participation rate

0.0%

49.8%-49.8pp

67.9%-67.9pp

71.5%-71.5pp

Annual return

-22.30%

-5.31%-17.0pp

42.35%-64.6pp

32.84%-55.1pp

Employer contribution / active EE

$1,385-100.0%

$2,814-100.0%

$2,507-100.0%

Participant deferral / active EE

$2,670

$2,553+4.6%

$4,429-39.7%

$4,311-38.1%

Admin fee / account holder

$218

$178+22.2%

$5,428-96.0%

$188+16.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,347

LPL FINANCIAL3 years

Filed as: FINANCIAL ADVOCATES INVESTMENT MGMT

Service code 27

1601 COOPER POINT ROAD NW · OLYMPIA, WA 98502

Advisory (Plan)

$7,401

SCS1 year

Filed as: BENSLER LLC DBA SCS

Service code 27

10900 NE 8TH ST · BELLEVUE, WA 98004

Advisory (Plan)

$2,412

HUNNEX AND SHOEMAKER, INC.3 years

Filed as: HUNNEX AND SHOEMAKER INC

Service code 13

PO BOX 24629 · SEATTLE, WA 98124

Contract Administrator

$2,355

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,657

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