Retirement plan

XEROX BUSINESS SERVICES SAVINGS PLAN

Name: XEROX BUSINESS SERVICES, LLC - XEROX BUSINESS SERVICES SAVINGS PLAN (2015) Form 5500
Creator: XEROX BUSINESS SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, XEROX BUSINESS SERVICES SAVINGS PLAN, XEROX BUSINESS SERVICES, LLC

XEROX BUSINESS SERVICES, LLCEIN 32-0293031Plan #333PY 2015

1303 RIDGEVIEW, R382-LV301 - LEWISVILLE, TX 75057214-841-6111

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$868.3M

-2.9% from 2016

Total participants

59,961

+14.8% from 2016

Average account balance

$32,127

-9.8% from 2016

Annual return

-0.85%

-9.52 pp from 2016

Benchmarks

See 60 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort60 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.01B

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

19,434

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.

41.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44.56M

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

+13.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29

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 6 by compensation

Provider	Service type	Compensation
XEROX CORPORATION1+ years Filed as: XEROX HR SOLUTIONS, LLC Service code 15 · EIN 04-3609848	Recordkeeping	$1,379,136
NEWPORT GROUP, INC.1+ years Filed as: THE NEWPORT GROUP Service code 27 · EIN 59-3099288	Advisory (Plan)	$169,715
CHAPMAN, HEXT & CO. P.C.1+ years Service code 10 · EIN 75-2053526	Accounting	$47,496
PBD WORLDWIDE1+ years Service code 38 · EIN 31-0892835	Participant Communication	$47,447
NATIONAL ECONOMIC RESEARCH ASSOCIAT1+ years Filed as: NATIONAL ECONOMIC RESEARCH Service code 16 · EIN 95-2879539	Consulting	$35,000
BLAND GARVEY, P.C.1+ years Filed as: BLAND GARVEY/ALPHASTAFF INC Service code 50 · EIN 65-0314170	Direct Payment	$6,000

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.7M

$34 / participant

Investment mgmt$170K10.1%
Other / not subdivided$2M89.9%

% of EOY assets

0.194%

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: CHAPMAN HEXT & CO. P.C.
Auditor EIN: 752053526
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,127

$65,877-51.2%

$115,038-72.1%

$69,651-53.9%

Participation rate

33.8%

58.1%-24.3pp

81.4%-47.6pp

66.6%-32.8pp

Annual return

-0.85%

6.03%-6.9pp

26.14%-27.0pp

53.77%-54.6pp

Employer contribution / active EE

$548

$1,712-68.0%

$4,608-88.1%

$2,241-75.5%

Participant deferral / active EE

$1,379

$4,216-67.3%

$6,026-77.1%

$3,635-62.1%

Admin fee / account holder

$62

$77-19.3%

$8,175-99.2%

$63-1.4%

Provider

Service type

Compensation

XEROX CORPORATION1+ years

Filed as: XEROX HR SOLUTIONS, LLC

Service code 15 · EIN 04-3609848

Recordkeeping

$1,379,136

NEWPORT GROUP, INC.1+ years

Filed as: THE NEWPORT GROUP

Service code 27 · EIN 59-3099288

Advisory (Plan)

$169,715

CHAPMAN, HEXT & CO. P.C.1+ years

Service code 10 · EIN 75-2053526

Accounting

$47,496

PBD WORLDWIDE1+ years

Service code 38 · EIN 31-0892835

Participant Communication

$47,447

NATIONAL ECONOMIC RESEARCH ASSOCIAT1+ years

Filed as: NATIONAL ECONOMIC RESEARCH

Service code 16 · EIN 95-2879539

Consulting

$35,000

BLAND GARVEY, P.C.1+ years

Filed as: BLAND GARVEY/ALPHASTAFF INC

Service code 50 · EIN 65-0314170

Direct Payment

$6,000

XEROX BUSINESS SERVICES SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

XEROX BUSINESS SERVICES 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