Retirement plan

SUNLAND EMPLOYEE LEASING, LLC 401(K) PLAN

Name: SUNLAND EMPLOYEE LEASING, LLC - SUNLAND EMPLOYEE LEASING, LLC 401(K) PLAN (2022) Form 5500
Creator: SUNLAND EMPLOYEE LEASING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNLAND EMPLOYEE LEASING, LLC 401(K) PLAN, SUNLAND EMPLOYEE LEASING, LLC

SUNLAND EMPLOYEE LEASING, LLCEIN 45-4847242Plan #001PY 2022

801 BROAD ST STE 200 - CHATTANOOGA, TN 374022631423-308-1830

Prospect flagsLow returnsLow participationLow employer contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$2.2M

-0.6% from 2021

Total participants

520

+117.6% from 2021

Average account balance

$21,752

-46.9% from 2021

Annual return

-19.21%

-34.89 pp from 2021

Benchmarks

See 780 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort780 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.94M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

212

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.

40.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$394K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$120

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 10 of 11 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC3+ years Filed as: T ROWE PRICE RPS, INC Service code 15 · EIN 52-1309931	Recordkeeping	$11,688
AMERICAN FUNDS3+ years Service code 28 · EIN 95-1411037	Investment Management	$0
DIMENSIONAL FUND ADVISORS3+ years Filed as: DIMENSIONAL FUNDS Service code 28 · EIN 95-4470812	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
INVESCO3+ years Service code 28 · EIN 26-4521338	Investment Management	$0
JANUS HENDERSON3+ years Filed as: JANUS FUNDS Service code 28 · EIN 43-1804048	Investment Management	$0
MORGAN STANLEY SMITH BARNEY3+ years Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0
WILLIS TOWERS WATSON US LLC3+ years Filed as: SCHWABE, WILLIAMSON & WYATT Service code 28 1211 SOUTHWEST 5TH AVE., SUITE 1900 · PORTLAND, OR 97204	Investment Management	$0
T ROWE PRICE RPS INC3+ years Service code 15	Recordkeeping	$0
TIAA3+ years Filed as: TIAA-CREF Service code 28 · EIN 13-1624203	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3B3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

4 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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$12K

$23 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.532%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,752

$34,634-37.2%

$77,096-71.8%

$64,819-66.4%

Participation rate

16.7%

49.8%-33.1pp

67.9%-51.2pp

71.5%-54.8pp

Annual return

-19.21%

-5.31%-13.9pp

42.35%-61.6pp

32.84%-52.0pp

Employer contribution / active EE

$190

$1,385-86.3%

$2,814-93.3%

$2,507-92.4%

Participant deferral / active EE

$650

$2,553-74.5%

$4,429-85.3%

$4,311-84.9%

Admin fee / account holder

$116

$178-35.1%

$5,428-97.9%

$188-38.4%

Provider

Service type

Compensation

T ROWE PRICE RPS INC3+ years

Filed as: T ROWE PRICE RPS, INC

Service code 15 · EIN 52-1309931

Recordkeeping

$11,688

AMERICAN FUNDS3+ years

Service code 28 · EIN 95-1411037

Investment Management

DIMENSIONAL FUND ADVISORS3+ years

Filed as: DIMENSIONAL FUNDS

Service code 28 · EIN 95-4470812

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

INVESCO3+ years

Service code 28 · EIN 26-4521338

Investment Management

JANUS HENDERSON3+ years

Filed as: JANUS FUNDS

Service code 28 · EIN 43-1804048

Investment Management

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

WILLIS TOWERS WATSON US LLC3+ years

Filed as: SCHWABE, WILLIAMSON & WYATT

Service code 28

1211 SOUTHWEST 5TH AVE., SUITE 1900 · PORTLAND, OR 97204

Investment Management

T ROWE PRICE RPS INC3+ years

Service code 15

Recordkeeping

TIAA3+ years

Filed as: TIAA-CREF

Service code 28 · EIN 13-1624203

Investment Management

SUNLAND EMPLOYEE LEASING, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNLAND EMPLOYEE LEASING, LLC 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