Retirement plan

EDWARDS COMPANIES 401(K) SAVINGS PLAN AND TRUST

Name: THE EDWARDS COMPANIES, LLC - EDWARDS COMPANIES 401(K) SAVINGS PLAN AND TRUST (2023) Form 5500
Creator: THE EDWARDS COMPANIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EDWARDS COMPANIES 401(K) SAVINGS PLAN AND TRUST, THE EDWARDS COMPANIES, LLC

THE EDWARDS COMPANIES, LLCEIN 35-2496878Plan #003PY 2023

495 SOUTH HIGH STREET SUITE 150 - COLUMBUS, OH 43215614-241-2070LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.9M

+21.5% from 2022

Total participants

191

+6.1% from 2022

Average account balance

$101,341

+8.3% from 2022

Annual return

17.57%

+30.42 pp from 2022

Benchmarks

See 2,283 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,283 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.01M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

174

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.

69.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

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

+19.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$385

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
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$18,976
USI CONSULTING GROUP3 years Filed as: USI ADVISORS INC Service code 27 · EIN 06-1397347	Advisory (Plan)	$14,200
CROWE LLP5 years Service code 10 · EIN 35-0921680	Accounting	$13,000

Plan features & details

Pension benefit codes2F2G2J2K2T3D2E

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$51K

$410 / participant

Recordkeeping$19K37.0%
Investment mgmt$16K31.8%
Other / not subdivided$16K31.1%

% of EOY assets

0.322%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: $15,950
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,341

$54,729+85.2%

$86,235+17.5%

$71,529+41.7%

Participation rate

72.8%

60.1%+12.7pp

69.0%+3.8pp

67.9%+4.9pp

Annual return

17.57%

20.07%-2.5pp

1170.03%-1152.5pp

28.97%-11.4pp

Employer contribution / active EE

$1,828

$1,267+44.2%

$2,381-23.2%

$2,590-29.4%

Participant deferral / active EE

$6,114

$3,110+96.6%

$3,987+53.3%

$4,291+42.5%

Admin fee / account holder

$326

$1,921-83.0%

$6,856-95.2%

$1,588-79.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$18,976

USI CONSULTING GROUP3 years

Filed as: USI ADVISORS INC

Service code 27 · EIN 06-1397347

Advisory (Plan)

$14,200

CROWE LLP5 years

Service code 10 · EIN 35-0921680

Accounting

$13,000

EDWARDS COMPANIES 401(K) SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDWARDS COMPANIES 401(K) SAVINGS PLAN AND TRUST

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