Retirement plan

JEFFREYM CONSULTING, LLC 401(K) RETIREMENT PLAN

Name: JEFFREYM CONSULTING, LLC - JEFFREYM CONSULTING, LLC 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: JEFFREYM CONSULTING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JEFFREYM CONSULTING, LLC 401(K) RETIREMENT PLAN, JEFFREYM CONSULTING, LLC

JEFFREYM CONSULTING, LLCEIN 41-2113274Plan #001PY 2021

600 UNIVERSITY STREET, SUITE 601 - SEATTLE, WA 98101206-258-4972jeffreym.comLinkedIn201-500 employeesstaffing and recruiting

Prospect flagsLow assets / participantLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$8.8M

+29.5% from 2020

Total participants

421

+10.8% from 2020

Average account balance

$20,888

-23.7% from 2020

Annual return

20.02%

-1.07 pp from 2020

Benchmarks

See 2,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,991 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.60M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

381

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.

88.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$198

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 2 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP5 years Filed as: USI ADVISORS, INC. Service code 26 · EIN 06-1397347 95 GLASTONBURY BLVD STE 102 · GLASTONBURY, CT 06033	Advisory (Participants)	$35,547
ASCENSUS LLC1 year Service code 15 · EIN 41-1411118 415 8TH AVENUE NE · BRAINERD, MN 56401	Recordkeeping	$24,023

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$61K

$206 / participant

Investment mgmt$36K58.0%
Other / not subdivided$26K42.0%

% of EOY assets

0.697%

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: GUNNING, STENSON & PRICE, CPA P.S.
Auditor EIN: 271386100
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,888

$104,336-80.0%

$159,474-86.9%

$86,821-75.9%

Participation rate

100.0%

77.7%+22.3pp

82.8%+17.2pp

72.3%+27.7pp

Annual return

20.02%

26.32%-6.3pp

263.68%-243.7pp

97.94%-77.9pp

Employer contribution / active EE

$1,464

$3,451-57.6%

$4,831-69.7%

$2,406-39.2%

Participant deferral / active EE

$5,909

$6,837-13.6%

$7,353-19.6%

$4,132+43.0%

Admin fee / account holder

$146

$172-15.4%

$10,802-98.7%

$170-14.1%

Provider

Service type

Compensation

USI CONSULTING GROUP5 years

Filed as: USI ADVISORS, INC.

Service code 26 · EIN 06-1397347

95 GLASTONBURY BLVD STE 102 · GLASTONBURY, CT 06033

Advisory (Participants)

$35,547

ASCENSUS LLC1 year

Service code 15 · EIN 41-1411118

415 8TH AVENUE NE · BRAINERD, MN 56401

Recordkeeping

$24,023

JEFFREYM CONSULTING, LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JEFFREYM CONSULTING, LLC 401(K) RETIREMENT 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