Retirement plan

MOVEMENT STRATEGY 401(K) PLAN

Name: MOVEMENT STRATEGY, LLC - MOVEMENT STRATEGY 401(K) PLAN (2024) Form 5500
Creator: MOVEMENT STRATEGY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOVEMENT STRATEGY 401(K) PLAN, MOVEMENT STRATEGY, LLC

MOVEMENT STRATEGY, LLCEIN 26-1632780Plan #001PY 2024

PO BOX 6410 - FREDERICKSBURG, VA 224036410704-807-8701

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$5.4M

+22.9% from 2023

Total participants

171

+5.6% from 2023

Average account balance

$43,995

+31.9% from 2023

Annual return

14.52%

-11.97 pp from 2023

Benchmarks

See 6,280 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,280 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.37M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

122

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.

59.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$996K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$519

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY WORKPLACE SERVICES, LLC Service code 14 · EIN 04-3532603	Plan Administrator	$32,523
MMA SECURITIES LLC2 years Filed as: MMA SECURITIES Service code 27 · EIN 22-3570392	Advisory (Plan)	$20,972
SMITH LEONARD PLLC2 years Service code 10 · EIN 20-5907591	Accounting	$8,750

Plan features & details

Pension benefit codes2K3B2G2F2T3D2J2E

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
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

$63K

$519 / participant

Recordkeeping$32K49.8%
Investment mgmt$22K34.8%
Contract admin$1K1.6%
Other / not subdivided$9K13.8%

% of EOY assets

1.180%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH LEONARD, PLLC
Auditor EIN: 205907591
Audit fees: $8,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,995

$101,653-56.7%

$147,080-70.1%

$74,459-40.9%

Participation rate

59.8%

75.6%-15.7pp

82.2%-22.3pp

67.2%-7.4pp

Annual return

14.52%

8754.98%-8740.5pp

420.17%-405.7pp

1369.70%-1355.2pp

Employer contribution / active EE

$2,220

$3,813-41.8%

$4,933-55.0%

$2,626-15.5%

Participant deferral / active EE

$5,944

$7,304-18.6%

$8,066-26.3%

$4,350+36.6%

Admin fee / account holder

$519

$1,752-70.4%

$12,989-96.0%

$1,945-73.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY WORKPLACE SERVICES, LLC

Service code 14 · EIN 04-3532603

Plan Administrator

$32,523

MMA SECURITIES LLC2 years

Filed as: MMA SECURITIES

Service code 27 · EIN 22-3570392

Advisory (Plan)

$20,972

SMITH LEONARD PLLC2 years

Service code 10 · EIN 20-5907591

Accounting

$8,750

MOVEMENT STRATEGY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOVEMENT STRATEGY 401(K) 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