Retirement plan

SERVION, INC. DBA THE SERVION GROUP 401(K) PLAN

Name: SERVION, INC. DBA THE SERVION GROUP - SERVION, INC. DBA THE SERVION GROUP 401(K) PLAN (2019) Form 5500
Creator: SERVION, INC. DBA THE SERVION GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SERVION, INC. DBA THE SERVION GROUP 401(K) PLAN, SERVION, INC. DBA THE SERVION GROUP

SERVION, INC. DBA THE SERVION GROUPEIN 41-1592297Plan #001PY 2019

500 MAIN STREET #100 - NEW BRIGHTON, MN 55112651-787-9529

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed March 18, 2019

Plan administrator

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500 Main Street

New Brighton State: MN Zip Code: 55112

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Plans declared (1)

Deferred Compensation Plan1 emp

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Total assets (EOY)

$8.6M

+34.9% from 2018

Total participants

201

+4.7% from 2018

Average account balance

$47,875

+25.9% from 2018

Annual return

25.25%

+32.24 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.11M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

201

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.

82.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+20.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$378

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 1 by compensation

Provider	Service type	Compensation
FIRST MERCANTILE TRUST COMPANY4+ years Service code 62 · EIN 62-0951563	Float revenue; Insurance mortality an...	$0

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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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: WIPFLI LLC
Auditor EIN: 360758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,875

$98,982-51.6%

$162,171-70.5%

$65,185-26.6%

Participation rate

87.4%

85.8%+1.6pp

87.6%-0.1pp

70.2%+17.2pp

Annual return

25.25%

24.84%+0.4pp

115.60%-90.3pp

29.38%-4.1pp

Employer contribution / active EE

$2,683

$3,467-22.6%

$5,613-52.2%

$2,177+23.2%

Participant deferral / active EE

$4,237

$5,384-21.3%

$7,297-41.9%

$3,514+20.6%

Admin fee / account holder

$596-100.0%

$10,843-100.0%

$847-100.0%

Provider

Service type

Compensation

FIRST MERCANTILE TRUST COMPANY4+ years

Service code 62 · EIN 62-0951563

Float revenue; Insurance mortality an...

SERVION, INC. DBA THE SERVION GROUP 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SERVION, INC. DBA THE SERVION GROUP 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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