Retirement plan

JOURNEY GROUP 401(K) PLAN

Name: JOURNEY GROUP COMPANIES - JOURNEY GROUP 401(K) PLAN (2022) Form 5500
Creator: JOURNEY GROUP COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOURNEY GROUP 401(K) PLAN, JOURNEY GROUP COMPANIES

JOURNEY GROUP COMPANIESEIN 46-0189350Plan #001PY 2022

4500 WEST 58TH STREET - SIOUX FALLS, SD 57108605-336-1640

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$18.2M

-9.4% from 2021

Total participants

371

+7.8% from 2021

Average account balance

$49,498

-16.6% from 2021

Annual return

-15.90%

-28.29 pp from 2021

Benchmarks

See 112 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Cohort112 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.14M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

405

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.74M

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

+14.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$430

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 8 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTAL LIFE INS. CO. Service code 62 · EIN 04-1590850	Recordkeeping fees; Float revenue	$77,290
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$13,030
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 13	Contract Administrator	$9,256
SHERIDAN ROAD ADVISORS LLC1 year Filed as: HUB INVESTMENT ADVISORS INC Service code 27 11516 MIRACLE HILLS DR SUITE 100 · OMAHA, NE 68154	Advisory (Plan)	$7,454
SILVERSTONE ASSET MANAGEMENT INC6 years Filed as: SILVERSTONE ASSET MANAGEMENT INC. Service code 27 · EIN 20-1113894	Advisory (Plan)	$4,155
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC. DBA FUTUREPL Service code 13 101 W BROADWAY SUITE 1420 · SAN DIEGO, CA 92101	Contract Administrator	$1,886
ASCENSUS LLC1 year Filed as: FUTUREPLAN CONSULTING - FORT WAYNE Service code 14	Plan Administrator	$125
FUTURE PLAN CONSULTING - FORT WAYNE2 years Service code 13 · EIN 11-3665754	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$128K

$514 / participant

Contract admin$128K100.0%

% of EOY assets

0.703%

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: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,498

$180,329-72.6%

$112,263-55.9%

Participation rate

98.8%

66.3%+32.5pp

75.1%+23.7pp

Annual return

-15.90%

-16.34%+0.4pp

27.49%-43.4pp

Employer contribution / active EE

$2,772

$2,897-4.3%

$3,636-23.8%

Participant deferral / active EE

$5,423

$3,332+62.8%

$4,729+14.7%

Admin fee / account holder

$348

$20,035-98.3%

$6,410-94.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTAL LIFE INS. CO.

Service code 62 · EIN 04-1590850

Recordkeeping fees; Float revenue

$77,290

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO OF AME

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$13,030

ASCENSUS LLC1 year

Filed as: FUTUREPLAN BY ASCENSUS

Service code 13

Contract Administrator

$9,256

SHERIDAN ROAD ADVISORS LLC1 year

Filed as: HUB INVESTMENT ADVISORS INC

Service code 27

11516 MIRACLE HILLS DR SUITE 100 · OMAHA, NE 68154

Advisory (Plan)

$7,454

SILVERSTONE ASSET MANAGEMENT INC6 years

Filed as: SILVERSTONE ASSET MANAGEMENT INC.

Service code 27 · EIN 20-1113894

Advisory (Plan)

$4,155

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC. DBA FUTUREPL

Service code 13

101 W BROADWAY SUITE 1420 · SAN DIEGO, CA 92101

Contract Administrator

$1,886

ASCENSUS LLC1 year

Filed as: FUTUREPLAN CONSULTING - FORT WAYNE

Service code 14

Plan Administrator

$125

FUTURE PLAN CONSULTING - FORT WAYNE2 years

Service code 13 · EIN 11-3665754

Contract Administrator

JOURNEY GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOURNEY GROUP 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