Retirement plan

TRILOGY MANAGEMENT SERVICES, LLC RETIREMENT SAVINGS PLAN

Name: TRILOGY MANAGEMENT SERVICES, LLC - TRILOGY MANAGEMENT SERVICES, LLC RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: TRILOGY MANAGEMENT SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRILOGY MANAGEMENT SERVICES, LLC RETIREMENT SAVINGS PLAN, TRILOGY MANAGEMENT SERVICES, LLC

TRILOGY MANAGEMENT SERVICES, LLCEIN 32-0381871Plan #001PY 2023

303 N HURSTBOURNE PKWY, SUITE 200 - LOUISVILLE, KY 40222502-412-5847

Prospect flagsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$158.3M

+35.2% from 2022

Total participants

15,480

-8.6% from 2022

Average account balance

$28,155

+41.1% from 2022

Annual return

21.36%

+37.41 pp from 2022

Benchmarks

See 255 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort255 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$193.74M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

5,909

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.

34.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.53M

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

+14.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$270,887
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 50 · EIN 04-2647786	Direct Payment	$12,609
STROTHMAN AND COMPANY1 year Service code 10 P O BOX 776702 · CHICAGO, IL 60677	Accounting	$12,500

Plan features & details

Pension benefit codes2G2J2K2T3B2E3D2F

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$502K

$35 / participant

Recordkeeping$271K53.9%
Other / not subdivided$232K46.1%

% of EOY assets

0.318%

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: LBMC, PC
Auditor EIN: 621199757
Audit fees: $12,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,155

$68,330-58.8%

$149,717-81.2%

$96,393-70.8%

Participation rate

31.8%

74.6%-42.8pp

78.8%-47.0pp

71.3%-39.5pp

Annual return

21.36%

29.64%-8.3pp

134.41%-113.1pp

22.88%-1.5pp

Employer contribution / active EE

$352

$2,139-83.6%

$4,820-92.7%

$3,239-89.1%

Participant deferral / active EE

$1,594

$4,422-64.0%

$5,682-71.9%

$5,455-70.8%

Admin fee / account holder

$89

$52+71.9%

$13,213-99.3%

$74+21.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$270,887

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 50 · EIN 04-2647786

Direct Payment

$12,609

STROTHMAN AND COMPANY1 year

Service code 10

P O BOX 776702 · CHICAGO, IL 60677

Accounting

$12,500

TRILOGY MANAGEMENT SERVICES, LLC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRILOGY MANAGEMENT SERVICES, LLC RETIREMENT 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