Retirement plan

GENESIS ADMINISTRATIVE SERVICES 401(K) PLAN #2

Name: GENESIS ADMINISTRATIVE SERVICES LLC - GENESIS ADMINISTRATIVE SERVICES 401(K) PLAN #2 (2022) Form 5500
Creator: GENESIS ADMINISTRATIVE SERVICES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENESIS ADMINISTRATIVE SERVICES 401(K) PLAN #2, GENESIS ADMINISTRATIVE SERVICES LLC

GENESIS ADMINISTRATIVE SERVICES LLCEIN 30-0847166Plan #007PY 2022

101 EAST STATE STREET - KENNETT SQUARE, PA 19348610-444-6350LinkedIn10001+ employeeshospital & health care

Other plans on this EIN

1 filing

#006Retirement-$780.4M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$101.9M

+0.5% from 2021

Total participants

5,526

+390.3% from 2021

Average account balance

$18,436

-21.3% from 2021

Annual return

-6.68%

-12.35 pp from 2021

Benchmarks

See 1,377 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,377 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$85.47M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

3,739

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.

11.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$340

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

+12.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Service code 13 · EIN 06-1050034	Contract Administrator	$117,467
CAPFINANCIAL PARTNERS LLC2 years Service code 26 · EIN 26-0058143	Advisory (Participants)	$75,000
EISNERAMPER LLP1 year Filed as: EISNERAMPER, LLP Service code 10 · EIN 13-1639826	Accounting	$56,050
PRUDENTIAL RETIREMENT INSURANCE AND2 years Filed as: PRUDENTIAL INSURANCE CO. Service code 99 · EIN 22-1211670	Other Fees	$26,067
PRUDENTIAL RETIREMENT INSURANCE AND2 years Filed as: PRUDENTIAL TRUST CO. Service code 28 · EIN 23-6994310	Investment Management	$23,460

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$314K

$91 / participant

Investment mgmt$75K23.9%
Contract admin$117K37.4%
Other / not subdivided$122K38.8%

% of EOY assets

0.309%

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: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,436

$45,000-59.0%

$143,801-87.2%

$77,906-76.3%

Participation rate

100.0%

66.8%+33.2pp

80.3%+19.7pp

73.7%+26.3pp

Annual return

-6.68%

29.03%-35.7pp

-0.04%-6.6pp

12.16%-18.8pp

Employer contribution / active EE

$43

$1,870-97.7%

$4,952-99.1%

$2,846-98.5%

Participant deferral / active EE

$2,998

$3,157-5.0%

$5,639-46.8%

$4,805-37.6%

Admin fee / account holder

$57

$98-42.2%

$14,680-99.6%

$133-57.1%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$117,467

CAPFINANCIAL PARTNERS LLC2 years

Service code 26 · EIN 26-0058143

Advisory (Participants)

$75,000

EISNERAMPER LLP1 year

Filed as: EISNERAMPER, LLP

Service code 10 · EIN 13-1639826

Accounting

$56,050

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Filed as: PRUDENTIAL INSURANCE CO.

Service code 99 · EIN 22-1211670

Other Fees

$26,067

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Filed as: PRUDENTIAL TRUST CO.

Service code 28 · EIN 23-6994310

Investment Management

$23,460

GENESIS ADMINISTRATIVE SERVICES 401(K) PLAN #2

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENESIS ADMINISTRATIVE SERVICES 401(K) PLAN #2

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