Retirement plan

ORBIS HOLDINGS GROUP, LLC 401(K) SAVINGS & INVESTMENT PLAN

Name: ORBIS HOLDINGS GROUP, LLC - ORBIS HOLDINGS GROUP, LLC 401(K) SAVINGS & INVESTMENT PLAN (2020) Form 5500
Creator: ORBIS HOLDINGS GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORBIS HOLDINGS GROUP, LLC 401(K) SAVINGS & INVESTMENT PLAN, ORBIS HOLDINGS GROUP, LLC

ORBIS HOLDINGS GROUP, LLCEIN 38-3279069Plan #002PY 2020

201 N. RIVERSIDE AVE. - ST. CLAIR, MI 48079586-738-9999LinkedIn1001-5000 employeeshuman resources

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$10.4M

No prior year

Total participants

1,019

No prior year

Average account balance

$34,175

No prior year

Annual return

10.56%

No prior year

Benchmarks

See 695 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort695 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.84M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

157

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.

15.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$697K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$992

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

-8.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$690

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
UHY LLP1+ years Service code 10 · EIN 20-0694403	Accounting	$19,000
M HOLDING SECURITIES, INC.1+ years Service code 16 · EIN 91-1802259	Consulting	$16,840
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$5,643

Plan features & details

Pension benefit codes2E2G2J2K3D3H2F

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$48K

$53 / participant

Investment mgmt$23K48.4%
Other / not subdivided$25K51.6%

% of EOY assets

0.460%

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: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,175

$39,948-14.5%

$89,414-61.8%

$73,412-53.4%

Participation rate

20.5%

50.4%-29.9pp

68.0%-47.5pp

72.2%-51.7pp

Annual return

10.56%

50.12%-39.6pp

245.50%-234.9pp

59.30%-48.7pp

Employer contribution / active EE

$345

$1,200-71.3%

$2,586-86.7%

$2,234-84.6%

Participant deferral / active EE

$893

$2,193-59.3%

$3,890-77.0%

$3,806-76.5%

Admin fee / account holder

$157

$134+17.0%

$4,883-96.8%

$158-0.5%

Provider

Service type

Compensation

UHY LLP1+ years

Service code 10 · EIN 20-0694403

Accounting

$19,000

M HOLDING SECURITIES, INC.1+ years

Service code 16 · EIN 91-1802259

Consulting

$16,840

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$5,643

ORBIS HOLDINGS GROUP, LLC 401(K) SAVINGS & INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORBIS HOLDINGS GROUP, LLC 401(K) SAVINGS & INVESTMENT 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