Retirement plan

THE ALCOTT GROUP 401(K) PLAN

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

ALCOTT HR GROUP, LLCEIN 26-1638437Plan #001PY 2024

71 EXECUTIVE BLVD, SUITE 1 - FARMINGDALE, NY 11735631-420-0100alcotthrgroup.comLinkedIn5001-10000 employeeshuman resources

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$228.2M

+15.8% from 2023

Total participants

3,905

+20.5% from 2023

Average account balance

$79,166

+2.4% from 2023

Annual return

14.75%

-4.77 pp from 2023

Benchmarks

See 387 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort387 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$228.16M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

2,882

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.

66.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.54M

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

+14.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$322

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 4 by compensation

Provider	Service type	Compensation
SLAVIC INTEGRATED ADMINISTRATION7 years Service code 15 · EIN 65-0608221	Recordkeeping	$749,486
ALCOTT HR GROUP LLC9 years Service code 14 71 EXECUTIVE BLVD · FARMINGDALE, NY 11735	Plan Administrator	$122,574
BKS RETIREMENT SERVICES6 years Filed as: BKS FINANCIAL INVESTMENTS LLC Service code 27 · EIN 84-1921272	Advisory (Plan)	$33,000
COHNREZNICK LLP3 years Service code 10 · EIN 22-1478099	Accounting	$22,700

Plan features & details

Pension benefit codes2E2F2G2J2K2R2V

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

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

$928K

$303 / participant

Investment mgmt$33K3.6%
Contract admin$872K94.0%
Other / not subdivided$23K2.4%

% of EOY assets

0.407%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: $22,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,166

$44,898+76.3%

$85,187-7.1%

$199,960-60.4%

Participation rate

66.5%

45.7%+20.8pp

67.5%-1.0pp

72.0%-5.5pp

Annual return

14.75%

20.98%-6.2pp

66.67%-51.9pp

34.28%-19.5pp

Employer contribution / active EE

$1,980

$1,367+44.8%

$2,732-27.5%

$3,036-34.8%

Participant deferral / active EE

$5,394

$2,670+102.0%

$4,525+19.2%

$5,087+6.0%

Admin fee / account holder

$322

$585-45.0%

$6,162-94.8%

$269+19.5%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION7 years

Service code 15 · EIN 65-0608221

Recordkeeping

$749,486

ALCOTT HR GROUP LLC9 years

Service code 14

71 EXECUTIVE BLVD · FARMINGDALE, NY 11735

Plan Administrator

$122,574

BKS RETIREMENT SERVICES6 years

Filed as: BKS FINANCIAL INVESTMENTS LLC

Service code 27 · EIN 84-1921272

Advisory (Plan)

$33,000

COHNREZNICK LLP3 years

Service code 10 · EIN 22-1478099

Accounting

$22,700

THE ALCOTT GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ALCOTT GROUP 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