Retirement plan

NATIONAL EQUITY FUND 401(K) RETIREMENT PLAN

Name: NATIONAL EQUITY FUND INC. - NATIONAL EQUITY FUND 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: NATIONAL EQUITY FUND INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL EQUITY FUND 401(K) RETIREMENT PLAN, NATIONAL EQUITY FUND INC.

NATIONAL EQUITY FUND INC.EIN 36-3490231Plan #002PY 2021

10 S RIVERSIDE PLAZA SUITE 1700 - CHICAGO, IL 606063801312-360-0400nationalequityfund.orgLinkedIn51-200 employeesreal estate

Prospect flagsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed August 24, 2023

Plan administrator

Plan administrator name— Sign in and upgrade to view

10 S Riverside Plaza, Suite 1700

Chicago, IL 60606

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Plans declared (7)

Matthew Reilein1 emp
Alex Denja1 emp
Jaclyn Jackson1 emp
Reena Bramblett1 emp
Peter Harrison1 emp
+2 more

Total covered: 7 employees

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Total assets (EOY)

$80.5M

+19.5% from 2020

Total participants

255

+12.3% from 2020

Average account balance

$330,010

+9.7% from 2020

Annual return

17.14%

+3.34 pp from 2020

Benchmarks

See 1,010 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,010 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$91.60M

Not enough data

1 years with asset history on file

Average account balance

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

$362K

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.

253

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+17.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$488

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611	Advisory (Plan)	$73,198
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290	Contract Administrator	$35,913
FIDUCIARY WISE, LLC1 year Service code 27 · EIN 81-3799174	Advisory (Plan)	$24,400
WILSHIRE ASSOCIATES INCORPORATED7+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$133K

$676 / participant

Investment mgmt$97K73.0%
Contract admin$36K27.0%

% of EOY assets

0.165%

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: PLANTE & MORAN PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$330,010

$70,879+365.6%

$189,575+74.1%

$79,391+315.7%

Participation rate

94.4%

68.0%+26.5pp

78.4%+16.0pp

70.7%+23.7pp

Annual return

17.14%

20.70%-3.6pp

64.19%-47.1pp

116.88%-99.7pp

Employer contribution / active EE

$11,238

$1,806+522.2%

$4,412+154.7%

$2,428+362.9%

Participant deferral / active EE

$10,856

$4,081+166.0%

$6,174+75.8%

$4,046+168.3%

Admin fee / account holder

$545

$647-15.8%

$9,806-94.4%

$627-12.9%

Provider

Service type

Compensation

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL LLC - RPCP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$73,198

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$35,913

FIDUCIARY WISE, LLC1 year

Service code 27 · EIN 81-3799174

Advisory (Plan)

$24,400

WILSHIRE ASSOCIATES INCORPORATED7+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

NATIONAL EQUITY FUND 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (7)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL EQUITY FUND 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (7)

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