Retirement plan

MOUNTAINSEED RETIREMENT SAVINGS PLAN

Name: MOUNTAINSEED APPRAISAL MANAGEMENT, LLC - MOUNTAINSEED RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: MOUNTAINSEED APPRAISAL MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOUNTAINSEED RETIREMENT SAVINGS PLAN, MOUNTAINSEED APPRAISAL MANAGEMENT, LLC

MOUNTAINSEED APPRAISAL MANAGEMENT, LLCEIN 45-5464666Plan #001PY 2023

2100 POWERS PERRY ROAD SE, STE 410 - ATLANTA, GA 30339678-575-9704

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$2.9M

+38.1% from 2022

Total participants

123

-30.1% from 2022

Average account balance

$31,169

+80.8% from 2022

Annual return

19.97%

+33.78 pp from 2022

Benchmarks

See 7,176 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,176 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.10M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$912K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2725

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
HENSSLER ASSET MANAGEMENT LLC2 years Filed as: G W HENSSLER AND ASSOC Service code 27 · EIN 58-2189215	Advisory (Plan)	$24,460
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044	Recordkeeping	$7,409
ERISA SERVICES OF GEORGIA, LLC2 years Service code 15 · EIN 83-4452620	Recordkeeping	$2,100

Plan features & details

Pension benefit codes2A2E2F2G2J3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$55K

$567 / participant

Contract admin$55K100.0%

% of EOY assets

1.876%

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: MCNAIR, MCLEMORE, MIDDLEBROOKS & CO
Auditor EIN: 581094351
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,169

$125,797-75.2%

$170,057-81.7%

$75,177-58.5%

Participation rate

70.1%

83.6%-13.5pp

87.0%-16.9pp

67.2%+2.9pp

Annual return

19.97%

27.20%-7.2pp

53.42%-33.4pp

160.75%-140.8pp

Employer contribution / active EE

$2,953

$4,616-36.0%

$6,790-56.5%

$2,671+10.6%

Participant deferral / active EE

$5,748

$6,838-15.9%

$10,411-44.8%

$4,126+39.3%

Admin fee / account holder

$585

$8,177-92.8%

$12,826-95.4%

$5,651-89.7%

Provider

Service type

Compensation

HENSSLER ASSET MANAGEMENT LLC2 years

Filed as: G W HENSSLER AND ASSOC

Service code 27 · EIN 58-2189215

Advisory (Plan)

$24,460

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

Recordkeeping

$7,409

ERISA SERVICES OF GEORGIA, LLC2 years

Service code 15 · EIN 83-4452620

Recordkeeping

$2,100

MOUNTAINSEED RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOUNTAINSEED RETIREMENT SAVINGS 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