Retirement plan

EXELA 401(K) PLAN

Name: SOURCEHOV, LLC - EXELA 401(K) PLAN (2020) Form 5500
Creator: SOURCEHOV, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EXELA 401(K) PLAN, SOURCEHOV, LLC

SOURCEHOV, LLCEIN 26-2270219Plan #001PY 2020

2701 E GRAUWYLER RD, MS22 - IRVING, TX 75061972-821-5701sourcehov.comLinkedIn10001+ employeesinformation technology and services

Prospect flagsLow returnsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$374.4M

-30.9% from 2017

Total participants

11,327

-13.3% from 2017

Average account balance

$39,250

-16.2% from 2017

Annual return

12.46%

+16.03 pp from 2017

Benchmarks

See 86 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort86 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$338.87M

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.

6,204

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.

80.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290	Contract Administrator	$524,389
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 13-2638166	Advisory (Plan)	$93,750
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY GLOBAL BROKERAGE GROUP INC Service code 33 · EIN 04-3257666	Account maintenance fees; Direct paym...	$14,539
SUTTON FROST CARY LLP1 year Filed as: SUTTON, FROST, CARY, LLP Service code 10 · EIN 75-2593210	Accounting	$12,600
MORNINGSTAR5+ years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$637K

$79 / participant

Investment mgmt$94K14.7%
Contract admin$531K83.3%
Other / not subdivided$13K2.0%

% of EOY assets

0.170%

all-in expense ratio

Categories reported

2 / 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: SUTTON FROST CARY LLP
Auditor EIN: 752593210
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,250

$108,759-63.9%

$149,751-73.8%

$93,223-57.9%

Participation rate

77.9%

70.7%+7.2pp

82.5%-4.6pp

74.9%+3.0pp

Annual return

12.46%

19.53%-7.1pp

276.71%-264.2pp

19.29%-6.8pp

Employer contribution / active EE

$2,777-100.0%

$4,646-100.0%

$2,680-100.0%

Participant deferral / active EE

$2,347

$6,149-61.8%

$6,843-65.7%

$4,563-48.6%

Admin fee / account holder

$67

$81-17.3%

$9,312-99.3%

$79-15.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$524,389

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES

Service code 27 · EIN 13-2638166

Advisory (Plan)

$93,750

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY GLOBAL BROKERAGE GROUP INC

Service code 33 · EIN 04-3257666

Account maintenance fees; Direct paym...

$14,539

SUTTON FROST CARY LLP1 year

Filed as: SUTTON, FROST, CARY, LLP

Service code 10 · EIN 75-2593210

Accounting

$12,600

MORNINGSTAR5+ years

Filed as: MORNINGSTAR INVESTMENT MGMT LLC

Service code 26 · EIN 36-4317381

Advisory (Participants)

EXELA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EXELA 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