Retirement plan

EMPLOYMENT & EMPLOYER SERVICES, INC RETIREMENT SAVINGS PLAN

Name: EMPLOYMENT & EMPLOYER SERVICES, INC. - EMPLOYMENT & EMPLOYER SERVICES, INC RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: EMPLOYMENT & EMPLOYER SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYMENT & EMPLOYER SERVICES, INC RETIREMENT SAVINGS PLAN, EMPLOYMENT & EMPLOYER SERVICES, INC.

EMPLOYMENT & EMPLOYER SERVICES, INC.EIN 36-3242702Plan #001PY 2021

223 WEST JACKSON BOULEVARD, SUITE 1005 - CHICAGO, IL 606066916312-629-5627dhoc.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsHigh feesLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$8.1M

+6.3% from 2020

Total participants

135

-20.1% from 2020

Average account balance

$63,041

+29.4% from 2020

Annual return

13.68%

+5.33 pp from 2020

Benchmarks

See 343 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Cohort343 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.54M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

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.

111.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$443K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4634

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

0 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ROTHSCHILD ASSET MANAGEMENT1 year Filed as: ROTHSCHILD INVESTMENT CORPORATION Service code 27 311 SOUTH WACKER DRIVE, #6500 · CHICAGO, IL 60606	Advisory (Plan)	$27,405
MITCHELL & TITUS, LLP1 year Service code 10 ONE BATTERY PARK PLAZA, 12TH FLOOR · NEW YORK CITY, NY 10004	Accounting	$14,500
HOWARD SIMON & ASSOCIATES, INC.7+ years Service code 13 P.O. BOX 2549 · NORTHBROOK, IL 60065	Contract Administrator	$13,542
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE AND ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$40K

$404 / participant

Contract admin$40K100.0%

% of EOY assets

0.492%

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: MITCHELL TITUS, LLP
Auditor EIN: 132781641
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,041

$203,209-69.0%

$159,455-60.5%

Participation rate

93.9%

77.0%+16.9pp

82.8%+11.1pp

Annual return

13.68%

10.23%+3.5pp

263.63%-249.9pp

Employer contribution / active EE

$1,003

$2,919-65.7%

$4,830-79.2%

Participant deferral / active EE

$3,444

$5,954-42.2%

$7,353-53.2%

Admin fee / account holder

$310

$10,627-97.1%

$10,800-97.1%

Provider

Service type

Compensation

ROTHSCHILD ASSET MANAGEMENT1 year

Filed as: ROTHSCHILD INVESTMENT CORPORATION

Service code 27

311 SOUTH WACKER DRIVE, #6500 · CHICAGO, IL 60606

Advisory (Plan)

$27,405

MITCHELL & TITUS, LLP1 year

Service code 10

ONE BATTERY PARK PLAZA, 12TH FLOOR · NEW YORK CITY, NY 10004

Accounting

$14,500

HOWARD SIMON & ASSOCIATES, INC.7+ years

Service code 13

P.O. BOX 2549 · NORTHBROOK, IL 60065

Contract Administrator

$13,542

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE AND ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

EMPLOYMENT & EMPLOYER SERVICES, INC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYMENT & EMPLOYER SERVICES, INC 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