Retirement plan

ARES RETIREMENT SAVINGS PLAN

Name: ARES MANAGEMENT LLC - ARES RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: ARES MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARES RETIREMENT SAVINGS PLAN, ARES MANAGEMENT LLC

ARES MANAGEMENT LLCEIN 27-2078839Plan #001PY 2023

2000 AVENUE OF THE STARS, 12TH FLOOR - LOS ANGELES, CA 90067310-201-4200aresmgmt.comLinkedIn1001-5000 employeesfinancial services

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$399.3M

-28.0% from 2023

Total participants

2,325

-7.7% from 2023

Average account balance

$179,373

-21.1% from 2023

Annual return

27.77%

-48.21 pp from 2023

Benchmarks

See 577 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort577 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$518.55M

Not enough data

1 years with asset history on file

Average account balance

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

$214K

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.

2,427

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+23.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34

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 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY GLOBAL BANKING OPER Service code 27 · EIN 26-4310632	Advisory (Plan)	$169,639
VASQUEZ & COMPANY LLP1 year Service code 10 · EIN 33-0700332	Accounting	$19,570
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	-$17,264

Plan features & details

Pension benefit codes3H3D2E2F2G2J2K2T

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.
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

2 tripped

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

$172K

$94 / participant

Investment mgmt$170K98.7%
Other / not subdivided$2K1.3%

% of EOY assets

0.043%

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: VASQUEZ & COMPANY, LLP
Auditor EIN: 330700332
Audit fees: $19,570
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$179,373

$112,711+59.1%

$170,055+5.5%

$80,187+123.7%

Participation rate

94.6%

87.4%+7.2pp

87.0%+7.6pp

72.9%+21.7pp

Annual return

27.77%

67.06%-39.3pp

53.43%-25.7pp

40.40%-12.6pp

Employer contribution / active EE

$7,897

$4,488+76.0%

$6,790+16.3%

$2,980+165.0%

Participant deferral / active EE

$19,528

$7,861+148.4%

$10,410+87.6%

$5,016+289.3%

Admin fee / account holder

$77

$99-22.3%

$12,828-99.4%

$145-46.7%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY GLOBAL BANKING OPER

Service code 27 · EIN 26-4310632

Advisory (Plan)

$169,639

VASQUEZ & COMPANY LLP1 year

Service code 10 · EIN 33-0700332

Accounting

$19,570

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$17,264

ARES RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARES RETIREMENT SAVINGS 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