Retirement plan

401(K) RETIREMENT & SAVINGS PLAN

Name: EMPLOYMENT SERVICES, INC. - 401(K) RETIREMENT & SAVINGS PLAN (2022) Form 5500
Creator: EMPLOYMENT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) RETIREMENT & SAVINGS PLAN, EMPLOYMENT SERVICES, INC.

EMPLOYMENT SERVICES, INC.EIN 38-3637814Plan #001PY 2022

110 W. CHISHOLM STREET - ALPENA, MI 49707989-358-4015358-jobs.comLinkedIn1-10 employeeshuman resources

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$72.8M

-14.5% from 2021

Total participants

707

+10.5% from 2021

Average account balance

$102,924

-22.6% from 2021

Annual return

-18.85%

-34.05 pp from 2021

Benchmarks

See 780 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort780 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$103.92M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

776

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.

58.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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 2 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC8+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 54 · EIN 26-0058143	Sales Loads	$77,062
WATKINS ROSS8+ years Filed as: WATKINS, ROSS & CO Service code 59 · EIN 38-1477362	Shareholder Servicing	$4,632

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$82K

$126 / participant

Investment mgmt$82K100.0%

% of EOY assets

0.112%

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: REHMANN ROBSON LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,924

$34,634+197.2%

$77,100+33.5%

$64,824+58.8%

Participation rate

100.0%

49.8%+50.2pp

67.9%+32.1pp

71.5%+28.5pp

Annual return

-18.85%

-5.31%-13.5pp

42.35%-61.2pp

32.84%-51.7pp

Employer contribution / active EE

$3,056

$1,385+120.6%

$2,815+8.6%

$2,507+21.9%

Participant deferral / active EE

$6,426

$2,553+151.7%

$4,430+45.1%

$4,311+49.1%

Admin fee / account holder

$116

$178-35.2%

$5,443-97.9%

$188-38.5%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC8+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 54 · EIN 26-0058143

Sales Loads

$77,062

WATKINS ROSS8+ years

Filed as: WATKINS, ROSS & CO

Service code 59 · EIN 38-1477362

Shareholder Servicing

$4,632

401(K) RETIREMENT & SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) 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