Retirement plan

SPRINGFIELD INDUSTRIAL SERVICES 401(K) RETIREMENT PLAN

Name: THE CHAMPION COMPANY AND ADDITIONAL SUBSCRIBERS - SPRINGFIELD INDUSTRIAL SERVICES 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: THE CHAMPION COMPANY AND ADDITIONAL SUBSCRIBERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPRINGFIELD INDUSTRIAL SERVICES 401(K) RETIREMENT PLAN, THE CHAMPION COMPANY AND ADDITIONAL SUBSCRIBERS

THE CHAMPION COMPANY AND ADDITIONAL SUBSCRIBERSEIN 31-1253370Plan #001PY 2022

P. O. BOX 967 - SPRINGFIELD, OH 455010967937-324-5681

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$5.3M

-18.8% from 2021

Total participants

153

-9.5% from 2021

Average account balance

$47,586

-10.8% from 2021

Annual return

-16.29%

-28.28 pp from 2021

Benchmarks

See 14,494 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,494 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.00M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

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.

264.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$206K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12880

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

0 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
MARINER LLC2 years Filed as: MARINER WEALTH ADVISORS, LLC Service code 27 5700 W. 112TH ST. STE 500 · OVERLAND PARK, KS 66211	Advisory (Plan)	$22,832
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$16,383
CLARK, SCHAEFER, HACKETT & CO.8+ years Service code 13 · EIN 31-0800053	Contract Administrator	$5,708
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$34K

$381 / participant

Investment mgmt$33K97.3%
Other / not subdivided$8952.7%

% of EOY assets

0.629%

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: BRIXEY & MEYER
Auditor EIN: 300132514
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,586

$71,878-33.8%

$86,698-45.1%

$68,486-30.5%

Participation rate

53.4%

72.2%-18.8pp

76.6%-23.2pp

67.9%-14.5pp

Annual return

-16.29%

3.53%-19.8pp

35.95%-52.2pp

-7.85%-8.4pp

Employer contribution / active EE

$479

$2,173-78.0%

$2,837-83.1%

$2,597-81.6%

Participant deferral / active EE

$2,255

$3,779-40.3%

$4,656-51.6%

$4,028-44.0%

Admin fee / account holder

$299

$6,113-95.1%

$7,493-96.0%

$5,404-94.5%

Provider

Service type

Compensation

MARINER LLC2 years

Filed as: MARINER WEALTH ADVISORS, LLC

Service code 27

5700 W. 112TH ST. STE 500 · OVERLAND PARK, KS 66211

Advisory (Plan)

$22,832

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$16,383

CLARK, SCHAEFER, HACKETT & CO.8+ years

Service code 13 · EIN 31-0800053

Contract Administrator

$5,708

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

SPRINGFIELD INDUSTRIAL SERVICES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPRINGFIELD INDUSTRIAL SERVICES 401(K) RETIREMENT 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