Retirement plan

THE EMPLOYER GROUP RETIREMENT SAVINGS PLAN

Name: THE EMPLOYER GROUP, INC. - THE EMPLOYER GROUP RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: THE EMPLOYER GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE EMPLOYER GROUP RETIREMENT SAVINGS PLAN, THE EMPLOYER GROUP, INC.

THE EMPLOYER GROUP, INC.EIN 39-1825035Plan #001PY 2023

1000 SOLAR COURT - VERONA, WI 53593608-845-3377theemployergroup.comLinkedIn11-50 employeeshuman resources

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$25.2M

+1.5% from 2022

Total participants

730

-4.9% from 2022

Average account balance

$51,260

-1.6% from 2022

Annual return

10.41%

+24.70 pp from 2022

Benchmarks

See 820 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort820 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.89M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

552

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.

62.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$117,265
PEAK RETIREMENT GROUP2 years Service code 15 · EIN 81-0831793	Recordkeeping	$104,437
GLOBAL RETIREMENT PARTNERS LLC5 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$90,004
VESTWELL1 year Service code 15 · EIN 75-3182674	Recordkeeping	$79,211
MESIROW FINANCIAL INVESTMENT MANAGE7 years Filed as: MESIROW FINANCIAL Service code 27 · EIN 36-3194849	Advisory (Plan)	$3,187

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T2A2S

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$235K

$380 / participant

Contract admin$235K100.0%

% of EOY assets

0.932%

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: MEICHER CPAS
Auditor EIN: 391659894
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,260

$40,435+26.8%

$80,648-36.4%

$74,473-31.2%

Participation rate

61.6%

47.4%+14.2pp

67.0%-5.5pp

70.7%-9.2pp

Annual return

10.41%

165.22%-154.8pp

937.21%-926.8pp

34.36%-24.0pp

Employer contribution / active EE

$1,965

$1,498+31.2%

$2,724-27.8%

$2,638-25.5%

Participant deferral / active EE

$5,281

$2,673+97.6%

$4,443+18.9%

$4,530+16.6%

Admin fee / account holder

$478

$721-33.7%

$5,382-91.1%

$347+37.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$117,265

PEAK RETIREMENT GROUP2 years

Service code 15 · EIN 81-0831793

Recordkeeping

$104,437

GLOBAL RETIREMENT PARTNERS LLC5 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$90,004

VESTWELL1 year

Service code 15 · EIN 75-3182674

Recordkeeping

$79,211

MESIROW FINANCIAL INVESTMENT MANAGE7 years

Filed as: MESIROW FINANCIAL

Service code 27 · EIN 36-3194849

Advisory (Plan)

$3,187

THE EMPLOYER GROUP RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE EMPLOYER GROUP 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