Retirement plan

ANCHOR PARTNERS 401(K) PROFIT SHARING PLAN

Name: ANCHOR PARTNERS, LLC - ANCHOR PARTNERS 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: ANCHOR PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANCHOR PARTNERS 401(K) PROFIT SHARING PLAN, ANCHOR PARTNERS, LLC

ANCHOR PARTNERS, LLCEIN 30-1117599Plan #001PY 2020

2106 E STATE HIGHWAY 114, SUITE 303 - SOUTHLAKE, TX 76092817-232-4575anchor-investments.comLinkedIn1-10 employeesventure capital & private equity

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$17.8M

+9.0% from 2019

Total participants

912

-3.3% from 2019

Average account balance

$57,089

+36.9% from 2019

Annual return

21.16%

-838.95 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.78M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

583

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.

38.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.13M

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

+40.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$189

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
EPIC RETIREMENT PLAN SERVICES2+ years Filed as: CASE PEARLMAN RETIREMENT PLAN ADVIS Service code 27 12140 CARISSA COMMERCE CT STE 104 · FORT MYERS, FL 33966	Advisory (Plan)	$37,892
AMERICAS 401K, INC.2+ years Filed as: AMERICAS'S 401K INC Service code 13 · EIN 75-2261114 8131 LBJ FREEWAY SUITE 770 · DALLAS, TX 75251	Contract Administrator	$24,410
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,889
DEFINITI LLC1 year Service code 13 · EIN 85-0833363 2201 TIMBERLOCH PLACE · THE WOODLANDS, TX 77380	Contract Administrator	$2,077

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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

3 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.

Expense breakdown

Schedule H Part II

Admin total

$74K

$96 / participant

Investment mgmt$74K100.0%

% of EOY assets

0.417%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PSK LLP
Auditor EIN: 751486711
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,089

$79,519-28.2%

$95,960-40.5%

$73,412-22.2%

Participation rate

22.6%

81.2%-58.6pp

77.1%-54.5pp

72.2%-49.6pp

Annual return

21.16%

19.20%+2.0pp

91.63%-70.5pp

59.30%-38.1pp

Employer contribution / active EE

$253

$2,048-87.7%

$2,541-90.1%

$2,234-88.7%

Participant deferral / active EE

$1,045

$4,138-74.7%

$4,167-74.9%

$3,806-72.5%

Admin fee / account holder

$238

$184+29.1%

$6,797-96.5%

$158+50.8%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES2+ years

Filed as: CASE PEARLMAN RETIREMENT PLAN ADVIS

Service code 27

12140 CARISSA COMMERCE CT STE 104 · FORT MYERS, FL 33966

Advisory (Plan)

$37,892

AMERICAS 401K, INC.2+ years

Filed as: AMERICAS'S 401K INC

Service code 13 · EIN 75-2261114

8131 LBJ FREEWAY SUITE 770 · DALLAS, TX 75251

Contract Administrator

$24,410

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,889

DEFINITI LLC1 year

Service code 13 · EIN 85-0833363

2201 TIMBERLOCH PLACE · THE WOODLANDS, TX 77380

Contract Administrator

$2,077

ANCHOR PARTNERS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANCHOR PARTNERS 401(K) PROFIT SHARING 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