Retirement plan

EMPLOYEE BENEFIT PLAN OF SOARUS, LLC.

Name: SOARUS, LLC. - EMPLOYEE BENEFIT PLAN OF SOARUS, LLC. (2024) Form 5500
Creator: SOARUS, LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF SOARUS, LLC., SOARUS, LLC.

SOARUS, LLC.EIN 36-4079419Plan #001PY 2024

3930 N VENTURA DR STE 300 - ARLINGTON HEIGHTS, IL 600047492847-255-1211soarus.comLinkedIn11-50 employeesplastics

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.3M

+20.5% from 2023

Total participants

+18.2% from 2023

Average account balance

$195,620

+20.5% from 2023

Annual return

12.45%

+2.34 pp from 2023

Benchmarks

See 8,606 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,606 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.30M

Not enough data

1 years with asset history on file

Average account balance

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

$196K

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.

104.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$363K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3439

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T

Plan features

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.
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.

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

$76K

$3602 / participant

Other / not subdivided$76K100.0%

% of EOY assets

1.758%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$195,620

$125,184+56.3%

$105,607+85.2%

$145,884+34.1%

Participation rate

81.0%

77.6%+3.3pp

75.3%+5.7pp

80.3%+0.6pp

Annual return

12.45%

225.00%-212.6pp

116.11%-103.7pp

551.85%-539.4pp

Employer contribution / active EE

$4,267

$3,720+14.7%

$3,167+34.7%

$4,662-8.5%

Participant deferral / active EE

$12,997

$5,714+127.5%

$5,011+159.4%

$6,690+94.3%

Admin fee / account holder

$3,439

$17,133-79.9%

$10,958-68.6%

$13,392-74.3%

EMPLOYEE BENEFIT PLAN OF SOARUS, LLC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF SOARUS, LLC.

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