Retirement plan

USG SERVICES, LLC 401(K) PROFIT SHARING PLAN

Name: USG SERVICES, LLC - USG SERVICES, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: USG SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, USG SERVICES, LLC 401(K) PROFIT SHARING PLAN, USG SERVICES, LLC

USG SERVICES, LLCEIN 45-4658823Plan #001PY 2024

ONE HILLCREST CENTER DRIVE, SUITE 225 - SPRING VALLEY, NY 10977845-371-8100

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$10M

+13.0% from 2023

Total participants

4,198

+19.4% from 2023

Average account balance

$5,945

+19.6% from 2023

Annual return

12.46%

+0.39 pp from 2023

Benchmarks

See 1,436 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,436 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.96M

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

1,676

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.

26.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$297

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

+12.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$66,422
INTAC ACTUARIAL SERVICES7 years Filed as: INTAC ACTUARIAL SERVICES, INC. Service code 15 · EIN 22-2446239	Recordkeeping	$5,713
NATIONWIDE9 years Service code 15 · EIN 31-4177100	Recordkeeping	$4,500
INTAC ACTUARIAL SERVICES6 years Filed as: INTAC ACTUARIAL SERVICES INC Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2X3D

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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$74K

$21 / participant

Contract admin$74K100.0%

% of EOY assets

0.739%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FASTEN HALBERSTAM LLP
Auditor EIN: 472319109
Audit fees: $0
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,945

$53,136-88.8%

$155,509-96.2%

$199,593-97.0%

Participation rate

26.4%

64.1%-37.7pp

78.2%-51.8pp

72.0%-45.6pp

Annual return

12.46%

41.15%-28.7pp

64.67%-52.2pp

34.25%-21.8pp

Employer contribution / active EE

$26

$1,851-98.6%

$4,672-99.5%

$3,034-99.2%

Participant deferral / active EE

$272

$3,161-91.4%

$5,626-95.2%

$5,087-94.7%

Admin fee / account holder

$44

$185-76.3%

$15,912-99.7%

$269-83.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$66,422

INTAC ACTUARIAL SERVICES7 years

Filed as: INTAC ACTUARIAL SERVICES, INC.

Service code 15 · EIN 22-2446239

Recordkeeping

$5,713

NATIONWIDE9 years

Service code 15 · EIN 31-4177100

Recordkeeping

$4,500

INTAC ACTUARIAL SERVICES6 years

Filed as: INTAC ACTUARIAL SERVICES INC

Service code 15

Recordkeeping

USG SERVICES, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

USG SERVICES, LLC 401(K) PROFIT SHARING 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