Retirement plan

MARKLUND EMPLOYEE RETIREMENT SAVINGS PLAN

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

MARKLUNDEIN 36-2652532Plan #005PY 2023

1 S. 450 WYATT DRIVE - GENEVA, IL 60134630-593-5460marklund.orgLinkedIn501-1000 employeesindividual & family services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$15.3M

+23.2% from 2022

Total participants

666

-5.5% from 2022

Average account balance

$31,197

+57.3% from 2022

Annual return

18.49%

+35.30 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.34M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

611

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.27M

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

+14.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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
TRUST COMPANY OF ILLINOIS9+ years Service code 37 · EIN 36-3880930	Loan Processing	$61,263
CERITY PARTNERS1 year Service code 27 · EIN 35-2467663	Advisory (Plan)	$33,449
AMERICAN UNITED LIFE INSURANCE CO9+ years Service code 15 · EIN 35-0145825	Recordkeeping	$37

Plan features & details

Pension benefit codes2E2F2G2K2L2S2T3D

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$95K

$176 / participant

Other / not subdivided$95K100.0%

% of EOY assets

0.621%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SELDEN FOX LTD
Auditor EIN: 362985770
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,197

$47,180-33.9%

$149,723-79.2%

$74,473-58.1%

Participation rate

67.6%

63.4%+4.2pp

78.8%-11.2pp

70.7%-3.2pp

Annual return

18.49%

22.75%-4.3pp

134.50%-116.0pp

34.36%-15.9pp

Employer contribution / active EE

$1,436

$1,907-24.7%

$4,821-70.2%

$2,638-45.6%

Participant deferral / active EE

$2,059

$2,730-24.6%

$5,682-63.8%

$4,530-54.6%

Admin fee / account holder

$194

$343-43.5%

$13,215-98.5%

$347-44.2%

Provider

Service type

Compensation

TRUST COMPANY OF ILLINOIS9+ years

Service code 37 · EIN 36-3880930

Loan Processing

$61,263

CERITY PARTNERS1 year

Service code 27 · EIN 35-2467663

Advisory (Plan)

$33,449

AMERICAN UNITED LIFE INSURANCE CO9+ years

Service code 15 · EIN 35-0145825

Recordkeeping

$37

MARKLUND EMPLOYEE RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARKLUND EMPLOYEE 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