Retirement plan

UNCONVENTIONAL SOLUTIONS, INC. 401(K) & PROFIT SHARING PLAN

Name: UNCONVENTIONAL SOLUTIONS, INC - UNCONVENTIONAL SOLUTIONS, INC. 401(K) & PROFIT SHARING PLAN (2022) Form 5500
Creator: UNCONVENTIONAL SOLUTIONS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNCONVENTIONAL SOLUTIONS, INC. 401(K) & PROFIT SHARING PLAN, UNCONVENTIONAL SOLUTIONS, INC

UNCONVENTIONAL SOLUTIONS, INCEIN 32-0068043Plan #001PY 2022

28056 OAKLAND OAKS COURT - WIXOM, MI 48393248-735-7000usigroups.comLinkedIn11-50 employeesmechanical or industrial engineering

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$278K

+3.4% from 2021

Total participants

-25.0% from 2021

Average account balance

$55,633

+3.4% from 2021

Annual return

-16.58%

-38.10 pp from 2021

Benchmarks

See 23,461 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,461 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$498K

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

70.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$59K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$687

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,633

$142,409-60.9%

$119,634-53.5%

$134,545-58.7%

Participation rate

42.9%

82.8%-40.0pp

79.3%-36.4pp

81.2%-38.4pp

Annual return

-16.58%

-12.46%-4.1pp

-14.98%-1.6pp

418.37%-434.9pp

Employer contribution / active EE

$1,973

$5,224-62.2%

$4,232-53.4%

$4,742-58.4%

Participant deferral / active EE

$5,716

$6,468-11.6%

$5,601+2.0%

$6,401-10.7%

Admin fee / account holder

$13,594-100.0%

$10,329-100.0%

$11,431-100.0%

UNCONVENTIONAL SOLUTIONS, INC. 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

UNCONVENTIONAL SOLUTIONS, INC. 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion