Retirement plan

ENGAGING SOLUTIONS 401(K) PLAN FOR MINDFUL STEWARDSHIP AND ABUNDANCE

Name: ENGAGING SOLUTIONS, LLC - ENGAGING SOLUTIONS 401(K) PLAN FOR MINDFUL STEWARDSHIP AND ABUNDANCE (2024) Form 5500
Creator: ENGAGING SOLUTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENGAGING SOLUTIONS 401(K) PLAN FOR MINDFUL STEWARDSHIP AND ABUNDANCE, ENGAGING SOLUTIONS, LLC

ENGAGING SOLUTIONS, LLCEIN 33-1109802Plan #001PY 2024

3965 N MERIDIAN ST. - INDIANAPOLIS, IN 46208317-283-8300engagingsolutions.netLinkedIn51-200 employeesmanagement consulting

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.2M

+24.6% from 2023

Total participants

187

+8.7% from 2023

Average account balance

$6,516

+18.9% from 2023

Annual return

12.46%

-6.82 pp from 2023

Benchmarks

See 28,844 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,844 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.15M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

177

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.

86.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$294K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$81

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
ADMIN. GROUP, LLC DBA TAG RESOURCES2 years Service code 15 · EIN 42-1484983	Recordkeeping	$9,968
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA FINANCIAL LIFE INS. CO Service code 15 · EIN 36-6071399	Recordkeeping	$3,911
RPA FINANCIAL, LLC2 years Filed as: RPA FINANCIAL LLC Service code 27 · EIN 83-1143379	Advisory (Plan)	$495

Plan features & details

Pension benefit codes2A2E2J2F2G3D2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$14K

$200 / participant

Recordkeeping$14K96.6%
Investment mgmt$4953.4%

% of EOY assets

1.246%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,516

$102,422-93.6%

$147,117-95.6%

$80,959-92.0%

Participation rate

86.1%

75.9%+10.2pp

82.2%+3.9pp

67.7%+18.4pp

Annual return

12.46%

135.16%-122.7pp

420.54%-408.1pp

35.67%-23.2pp

Employer contribution / active EE

$1,205

$3,717-67.6%

$4,932-75.6%

$2,757-56.3%

Participant deferral / active EE

$2,882

$6,652-56.7%

$8,065-64.3%

$4,300-33.0%

Admin fee / account holder

$81

$7,953-99.0%

$12,993-99.4%

$6,925-98.8%

Provider

Service type

Compensation

ADMIN. GROUP, LLC DBA TAG RESOURCES2 years

Service code 15 · EIN 42-1484983

Recordkeeping

$9,968

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA FINANCIAL LIFE INS. CO

Service code 15 · EIN 36-6071399

Recordkeeping

$3,911

RPA FINANCIAL, LLC2 years

Filed as: RPA FINANCIAL LLC

Service code 27 · EIN 83-1143379

Advisory (Plan)

$495

ENGAGING SOLUTIONS 401(K) PLAN FOR MINDFUL STEWARDSHIP AND ABUNDANCE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENGAGING SOLUTIONS 401(K) PLAN FOR MINDFUL STEWARDSHIP AND ABUNDANCE

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