Retirement plan

SCHWARZ PARTNERS LP 401K PROFIT SHARING PLAN

Name: SCHWARZ PARTNERS LP - SCHWARZ PARTNERS LP 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: SCHWARZ PARTNERS LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHWARZ PARTNERS LP 401K PROFIT SHARING PLAN, SCHWARZ PARTNERS LP

SCHWARZ PARTNERS LPEIN 35-1970447Plan #002PY 2023

10 W. CARMEL DR., SUITE 300 - CARMEL, IN 46032317-290-1140schwarzpartners.comLinkedIn5001-10000 employeesexecutive office

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$234.2M

-14.5% from 2016

Total participants

5,986

-24.8% from 2016

Average account balance

$41,590

+16.5% from 2016

Annual return

21.20%

-2.76 pp from 2016

Benchmarks

See 146 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort146 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$282.00M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

6,115

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$43.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$108

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
JOHN HANCOCK LIFE INSURANCE COMPANY8 years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 15 · EIN 01-0233346	Recordkeeping	$525,562
SAGEVIEW ADVISORY GROUP, LLC9+ years Filed as: SAGEVIEW ADVISORY Service code 27 233 S WACKER DR. · CHICAGO, IL 60606	Advisory (Plan)	$45,000
KATZ, SAPPER & MILLER3 years Service code 10 800 E 96TH ST #500 · INDIANAPOLIS, IN 46240	Accounting	$19,500

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$590K

$120 / participant

Investment mgmt$74K12.5%
Contract admin$516K87.5%

% of EOY assets

0.252%

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: KATZ SAPPER & MILLER LLP
Auditor EIN: 351090346
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,590

$136,853-69.6%

$130,298-68.1%

$80,187-48.1%

Participation rate

92.8%

81.6%+11.2pp

76.3%+16.5pp

72.9%+19.9pp

Annual return

21.20%

22.66%-1.5pp

38.90%-17.7pp

40.40%-19.2pp

Employer contribution / active EE

$2,420

$3,395-28.7%

$4,128-41.4%

$2,980-18.8%

Participant deferral / active EE

$5,352

$5,856-8.6%

$6,790-21.2%

$5,016+6.7%

Admin fee / account holder

$105

$184-43.1%

$6,025-98.3%

$145-27.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY8 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS

Service code 15 · EIN 01-0233346

Recordkeeping

$525,562

SAGEVIEW ADVISORY GROUP, LLC9+ years

Filed as: SAGEVIEW ADVISORY

Service code 27

233 S WACKER DR. · CHICAGO, IL 60606

Advisory (Plan)

$45,000

KATZ, SAPPER & MILLER3 years

Service code 10

800 E 96TH ST #500 · INDIANAPOLIS, IN 46240

Accounting

$19,500

SCHWARZ PARTNERS LP 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHWARZ PARTNERS LP 401K PROFIT SHARING 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