Retirement plan

THE LEONA GROUP, LLC EMPLOYEE DEFERRED COMPENSATION PLAN

Name: THE LEONA GROUP, LLC - THE LEONA GROUP, LLC EMPLOYEE DEFERRED COMPENSATION PLAN (2019) Form 5500
Creator: THE LEONA GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LEONA GROUP, LLC EMPLOYEE DEFERRED COMPENSATION PLAN, THE LEONA GROUP, LLC

THE LEONA GROUP, LLCEIN 38-3311066Plan #001PY 2019

2125 UNIVERSITY PARK DRIVE - OKEMOS, MI 48864517-333-3524leonagroupmw.comLinkedIn1001-5000 employeesstaffing and recruiting

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$43.4M

+23.1% from 2018

Total participants

1,966

-2.8% from 2018

Average account balance

$48,228

+25.8% from 2018

Annual return

23.58%

+28.96 pp from 2018

Benchmarks

See 266 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort266 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.97M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

493

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.

37.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$141

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS5+ years Service code 12 · EIN 13-3689044	Sales loads (front end and deferred);...	$136,388
SAGEVIEW ADVISORY GROUP, LLC5+ years Service code 27 · EIN 33-0818667	Advisory (Plan)	$64,990
HENRY & HORNE, LLP5+ years Service code 10 · EIN 86-0133881	Accounting	$13,370
NATIONAL FINANCIAL SERVICES5+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$215K

$138 / participant

Investment mgmt$65K30.3%
Other / not subdivided$150K69.7%

% of EOY assets

0.495%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HENRY & HORNE, LLP
Auditor EIN: 860133881
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,228

$204,517-76.4%

$69,464-30.6%

$77,775-38.0%

Participation rate

31.4%

74.6%-43.2pp

73.2%-41.8pp

Annual return

23.58%

22.10%+1.5pp

28.98%-5.4pp

32.58%-9.0pp

Employer contribution / active EE

$872

$3,548-75.4%

$2,779-68.6%

$2,504-65.2%

Participant deferral / active EE

$1,218

$3,478-65.0%

$3,536-65.5%

$3,966-69.3%

Admin fee / account holder

$239

$101+137.3%

$3,840-93.8%

$100+138.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS5+ years

Service code 12 · EIN 13-3689044

Sales loads (front end and deferred);...

$136,388

SAGEVIEW ADVISORY GROUP, LLC5+ years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$64,990

HENRY & HORNE, LLP5+ years

Service code 10 · EIN 86-0133881

Accounting

$13,370

NATIONAL FINANCIAL SERVICES5+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

THE LEONA GROUP, LLC EMPLOYEE DEFERRED COMPENSATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LEONA GROUP, LLC EMPLOYEE DEFERRED COMPENSATION 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