Retirement plan

EQUITY HR, INC. 401(K) MULTIPLE EMPLOYER PLAN

Name: EQUITY HR, INC. - EQUITY HR, INC. 401(K) MULTIPLE EMPLOYER PLAN (2024) Form 5500
Creator: EQUITY HR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EQUITY HR, INC. 401(K) MULTIPLE EMPLOYER PLAN, EQUITY HR, INC.

EQUITY HR, INC.EIN 27-0037153Plan #001PY 2024

5655 SILVER CREEK VALLEY ROAD, #237 - SAN JOSE, CA 95138408-364-2800

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$91.3M

+13.3% from 2023

Total participants

1,046

-2.9% from 2023

Average account balance

$106,793

+12.7% from 2023

Annual return

14.48%

+8.50 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$91.31M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

855

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.

67.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$123

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
GLOBAL RETIREMENT PARTNERS LLC3 years Service code 99 · EIN 47-1411118	Other Fees	$119,641
QUINTES ADMIN AND INSURANCE SVC4 years Service code 49 · EIN 20-4319325 1961 MAIN ST #151 · WATSONVILLE, CA 95076	Other Services	$65,635
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$27,096
JOHANSON & YAU1 year Filed as: JOHNSON AND YAU Service code 99 · EIN 94-2702860	Other Fees	$15,650

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$105K

$177 / participant

Investment mgmt$61K58.3%
Contract admin$42K40.2%
Other / not subdivided$2K1.5%

% of EOY assets

0.115%

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: JOHANSON & YAU ACCOUNTANCY CORP.
Auditor EIN: 942702860
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,793

$106,230+0.5%

$147,080-27.4%

$77,736+37.4%

Participation rate

67.7%

78.4%-10.7pp

82.2%-14.4pp

70.6%-2.8pp

Annual return

14.48%

56.91%-42.4pp

420.17%-405.7pp

31.26%-16.8pp

Employer contribution / active EE

$3,871

$4,072-4.9%

$4,933-21.5%

$2,728+41.9%

Participant deferral / active EE

$10,520

$8,001+31.5%

$8,066+30.4%

$4,651+126.2%

Admin fee / account holder

$123

$338-63.8%

$12,989-99.1%

$433-71.7%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC3 years

Service code 99 · EIN 47-1411118

Other Fees

$119,641

QUINTES ADMIN AND INSURANCE SVC4 years

Service code 49 · EIN 20-4319325

1961 MAIN ST #151 · WATSONVILLE, CA 95076

Other Services

$65,635

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$27,096

JOHANSON & YAU1 year

Filed as: JOHNSON AND YAU

Service code 99 · EIN 94-2702860

Other Fees

$15,650

EQUITY HR, INC. 401(K) MULTIPLE EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EQUITY HR, INC. 401(K) MULTIPLE EMPLOYER 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