Retirement plan

INVO PEO, INC. 401(K) PLAN

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

INVO PEO, INC.EIN 27-1067748Plan #001PY 2024

800 OAK RIDGE TURNPIKE, SUITE A-500 - OAK RIDGE, TN 37830865-481-0910invopeo.comLinkedIn51-200 employeeshuman resources

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$14.4M

+23.2% from 2023

Total participants

1,447

+6.7% from 2023

Average account balance

$18,913

+49.8% from 2023

Annual return

15.79%

+3.89 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

$14.37M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

760

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.

41.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

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

+15.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$178

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
MERCURY FINANCIAL GROUP10+ years Service code 17 · EIN 45-4770468	Pension Consulting	$53,509
ERISA SERVICES, INC.10+ years Service code 15 · EIN 62-1200951	Recordkeeping	$49,221
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Filed as: TRANSAMERICA FINANCIAL LIFE INS Service code 15 · EIN 36-6071399	Recordkeeping	$32,514
LEAFHOUSE FINANCIAL ADVISORS, LLC4 years Service code 27 · EIN 26-4311657	Advisory (Plan)	$7,328
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA TRUST COMPANY Service code 21 · EIN 42-0947998	Bank Trustee	$208

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

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

$135K

$115 / participant

Recordkeeping$135K100.0%

% of EOY assets

0.939%

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: RODEFER MOSS & CO, PLLC
Auditor EIN: 621690032
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,913

$44,898-57.9%

$85,187-77.8%

$199,960-90.5%

Participation rate

41.5%

45.7%-4.2pp

67.5%-26.0pp

72.0%-30.5pp

Annual return

15.79%

20.98%-5.2pp

66.67%-50.9pp

34.28%-18.5pp

Employer contribution / active EE

$698

$1,367-48.9%

$2,732-74.4%

$3,036-77.0%

Participant deferral / active EE

$1,415

$2,670-47.0%

$4,525-68.7%

$5,087-72.2%

Admin fee / account holder

$178

$585-69.7%

$6,162-97.1%

$269-34.1%

Provider

Service type

Compensation

MERCURY FINANCIAL GROUP10+ years

Service code 17 · EIN 45-4770468

Pension Consulting

$53,509

ERISA SERVICES, INC.10+ years

Service code 15 · EIN 62-1200951

Recordkeeping

$49,221

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INS

Service code 15 · EIN 36-6071399

Recordkeeping

$32,514

LEAFHOUSE FINANCIAL ADVISORS, LLC4 years

Service code 27 · EIN 26-4311657

Advisory (Plan)

$7,328

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA TRUST COMPANY

Service code 21 · EIN 42-0947998

Bank Trustee

$208

INVO PEO, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INVO PEO, INC. 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