Retirement plan

ALLIED UNIVERSAL 401(K) PLAN

Name: UNIVERSAL SERVICES OF AMERICA - ALLIED UNIVERSAL 401(K) PLAN (2022) Form 5500
Creator: UNIVERSAL SERVICES OF AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALLIED UNIVERSAL 401(K) PLAN, UNIVERSAL SERVICES OF AMERICA

UNIVERSAL SERVICES OF AMERICAEIN 27-1562945Plan #001PY 2022

1551 N. TUSTIN AVE., SUITE 650 - SANTA ANA, CA 92705714-619-9700universalpro.comLinkedIn10001+ employeessecurity and investigations

Other plans on this EIN

2 filings

#002Retirement-$14.7M assets #020Retirement--

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$497.9M

+46.6% from 2021

Total participants

252,804

+5.1% from 2021

Average account balance

$19,000

+13.4% from 2021

Annual return

45.23%

+25.87 pp from 2021

Benchmarks

See 48 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort48 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$497.90M

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.

26,205

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.

9.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$281

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

+45.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$92

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$2,227,370
SAGEVIEW ADVISORY GROUP, LLC7 years Service code 27 · EIN 33-0818667	Advisory (Plan)	$155,479
WITHUMSMITH+BROWN, PC1 year Service code 99 5 VAUGHN DRIVE · PRINCETON, NJ 08540	Other Fees	$13,520
LUTZ & COMPANY, PC1 year Filed as: LUTZ & COMPANY PC Service code 99 13616 CALIFORNIA ST STE 300 · OMAHA, NE 68154	Other Fees	$11,000
QDRO CONSULTANTS COMPANY, LLC1 year Service code 16 · EIN 34-1820650	Consulting	$3,500
ROMEO WIGGINS & COMPANY, LLP1 year Filed as: ROMEO WIGGINS & COMPANY LLP Service code 99 110 IOWA LANE STE 101 · CARY, NC 27511	Other Fees	$1,815

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T3B3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$2.4M

$10 / participant

Investment mgmt$2M65.4%
Contract admin$447K18.6%
Other / not subdivided$386K16.0%

% of EOY assets

0.484%

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: WITHUMSMITH & BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,000

$35,293-46.2%

$77,100-75.4%

$89,433-78.8%

Participation rate

9.2%

31.3%-22.1pp

67.9%-58.7pp

71.3%-62.1pp

Annual return

45.23%

-5.92%+51.1pp

42.35%+2.9pp

-11.88%+57.1pp

Employer contribution / active EE

$38

$695-94.5%

$2,815-98.6%

$3,021-98.7%

Participant deferral / active EE

$243

$1,764-86.2%

$4,430-94.5%

$5,125-95.3%

Admin fee / account holder

$92

$105-12.5%

$5,443-98.3%

$79+15.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$2,227,370

SAGEVIEW ADVISORY GROUP, LLC7 years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$155,479

WITHUMSMITH+BROWN, PC1 year

Service code 99

5 VAUGHN DRIVE · PRINCETON, NJ 08540

Other Fees

$13,520

LUTZ & COMPANY, PC1 year

Filed as: LUTZ & COMPANY PC

Service code 99

13616 CALIFORNIA ST STE 300 · OMAHA, NE 68154

Other Fees

$11,000

QDRO CONSULTANTS COMPANY, LLC1 year

Service code 16 · EIN 34-1820650

Consulting

$3,500

ROMEO WIGGINS & COMPANY, LLP1 year

Filed as: ROMEO WIGGINS & COMPANY LLP

Service code 99

110 IOWA LANE STE 101 · CARY, NC 27511

Other Fees

$1,815

ALLIED UNIVERSAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLIED UNIVERSAL 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