Retirement plan

ON WITH LIFE, INC. 401(K) PLAN

Name: ON WITH LIFE, INC. - ON WITH LIFE, INC. 401(K) PLAN (2020) Form 5500
Creator: ON WITH LIFE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ON WITH LIFE, INC. 401(K) PLAN, ON WITH LIFE, INC.

ON WITH LIFE, INC.EIN 42-1308032Plan #002PY 2020

715 SW ANKENY ROAD - ANKENY, IA 500239798515-965-1339onwithlife.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$7.4M

+16.8% from 2019

Total participants

316

+1.6% from 2019

Average account balance

$24,147

+12.2% from 2019

Annual return

4.99%

-1.40 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.21M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

289

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.

86.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35

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
NATIONWIDE5+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$48,283
NEWPORT GROUP, INC.1 year Service code 15 1075 JORDAN CREEK PARKWAY · WEST DES MOINES, IA 50266	Recordkeeping	$12,711
INDEPENDENT FINANCIAL PARTNERS4 years Service code 17 3030 N ROCKY POINT DRIVE · TAMPA, FL 33607	Pension Consulting	$6,421
SECURITIES AMERICA INC5+ years Filed as: SECURITIES AMERICA, INC. Service code 26 12325 PORT GRACE BLVD · LA VISTA, NE 681280001	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
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 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

$15K

$55 / participant

Investment mgmt$15K100.0%

% of EOY assets

0.196%

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: RYUN, GIVENS & COMPANY, P.L.C.
Auditor EIN: 420732909
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,147

$52,293-53.8%

$178,503-86.5%

$73,412-67.1%

Participation rate

96.6%

65.3%+31.3pp

81.9%+14.7pp

72.2%+24.4pp

Annual return

4.99%

34.75%-29.8pp

151.12%-146.1pp

59.30%-54.3pp

Employer contribution / active EE

$1,286

$1,736-25.9%

$5,011-74.3%

$2,234-42.4%

Participant deferral / active EE

$3,005

$2,333+28.8%

$5,202-42.2%

$3,806-21.0%

Admin fee / account holder

$47

$127-62.8%

$13,987-99.7%

$158-70.0%

Provider

Service type

Compensation

NATIONWIDE5+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$48,283

NEWPORT GROUP, INC.1 year

Service code 15

1075 JORDAN CREEK PARKWAY · WEST DES MOINES, IA 50266

Recordkeeping

$12,711

INDEPENDENT FINANCIAL PARTNERS4 years

Service code 17

3030 N ROCKY POINT DRIVE · TAMPA, FL 33607

Pension Consulting

$6,421

SECURITIES AMERICA INC5+ years

Filed as: SECURITIES AMERICA, INC.

Service code 26

12325 PORT GRACE BLVD · LA VISTA, NE 681280001

Advisory (Participants)

ON WITH LIFE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ON WITH LIFE, INC. 401(K) 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