Retirement plan

THE EDWARDS GROUP 401(K) MULTIPLE EMPLOYER PLAN

Name: BILL EDWARDS GROUP, LLC - THE EDWARDS GROUP 401(K) MULTIPLE EMPLOYER PLAN (2021) Form 5500
Creator: BILL EDWARDS GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE EDWARDS GROUP 401(K) MULTIPLE EMPLOYER PLAN, BILL EDWARDS GROUP, LLC

BILL EDWARDS GROUP, LLCEIN 45-3538847Plan #001PY 2021

5959 CENTRAL AVE., SUITE 201 - ST. PETERSBURG, FL 33710727-851-9500LinkedIn501-1000 employeesmotion pictures and film

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$3.3M

+11.1% from 2020

Total participants

157

-23.0% from 2020

Average account balance

$63,784

+19.6% from 2020

Annual return

15.32%

+6.22 pp from 2020

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.66M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

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.

46.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$87K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$850

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1862

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

0 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
THE BANK OF NEW YORK MELLON1 year Filed as: BANK OZK Service code 27 18000 CANTRELL RD · LITTLE ROCK, AR 72223	Advisory (Plan)	$9,273
JANET A. PANEBIANCO, CPA, PLLC2+ years Filed as: JANET A PANEBIANCO CPA PLLC Service code 13 DBA BSP RETIREMENT SERVICES · OLDSMAR, FL 34677	Contract Administrator	$1,227
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$855
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0
PRINCIPAL LIFE INSURANCE COMPANY2+ years Filed as: PRINCIPAL SECURITIES INC Service code 55 711 HIGH STREET · DES MOINES, IA 50392	Other Commissions	$0
PSI ADVISORS LLC2+ years Service code 27 13059 W LINEBAUGH AVE · TAMPA, FL 33626	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$4K

$33 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.119%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,784

$121,341-47.4%

$189,520-66.3%

$79,393-19.7%

Participation rate

11.0%

86.1%-75.1pp

87.8%-76.8pp

70.7%-59.7pp

Annual return

15.32%

21.08%-5.8pp

555.25%-539.9pp

116.87%-101.6pp

Employer contribution / active EE

$851

$3,915-78.3%

$6,161-86.2%

$2,428-64.9%

Participant deferral / active EE

$6,395-100.0%

$8,220-100.0%

$4,046-100.0%

Admin fee / account holder

$76

$651-88.3%

$12,046-99.4%

$627-87.9%

Provider

Service type

Compensation

THE BANK OF NEW YORK MELLON1 year

Filed as: BANK OZK

Service code 27

18000 CANTRELL RD · LITTLE ROCK, AR 72223

Advisory (Plan)

$9,273

JANET A. PANEBIANCO, CPA, PLLC2+ years

Filed as: JANET A PANEBIANCO CPA PLLC

Service code 13

DBA BSP RETIREMENT SERVICES · OLDSMAR, FL 34677

Contract Administrator

$1,227

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$855

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Filed as: PRINCIPAL SECURITIES INC

Service code 55

711 HIGH STREET · DES MOINES, IA 50392

Other Commissions

PSI ADVISORS LLC2+ years

Service code 27

13059 W LINEBAUGH AVE · TAMPA, FL 33626

Advisory (Plan)

THE EDWARDS GROUP 401(K) MULTIPLE EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE EDWARDS GROUP 401(K) MULTIPLE EMPLOYER 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