Retirement plan

RETIREMENT SAVINGS PLAN OF FLAD AFFILIATED CORP.

Name: FAC SERVICES, LLC - RETIREMENT SAVINGS PLAN OF FLAD AFFILIATED CORP. (2023) Form 5500
Creator: FAC SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT SAVINGS PLAN OF FLAD AFFILIATED CORP., FAC SERVICES, LLC

FAC SERVICES, LLCEIN 46-1574498Plan #001PY 2023

800 UNIVERSITY BAY DRIVE, SUITE 200 - MADISON, WI 53705608-231-2020facfin.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed August 6, 2019

Plan administrator

Plan administrator name— Sign in and upgrade to view

800 University Bay Drive, Suite 200

Madison, WI 53705

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Plans declared (7)

Nonqualified Deferred Compensation Agreement between FAC Services, LLC and Francois Brunet1 emp
Nonqualified Deferred Compensation Agreement between FAC Services, LLC and Katie Henshue1 emp
Nonqualified Deferred Compensation Agreement between FAC Services, LLC and Greg Kellesvig1 emp
Nonqualified Deferred Compensation Agreement between FAC Services, LLC and Mitch Poppen1 emp
Nonqualified Deferred Compensation Agreement between FAC Services, LLC and Doug Schultz1 emp
+2 more

Total covered: 6 employees

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Total assets (EOY)

$338M

-16.9% from 2017

Total participants

2,032

-1.8% from 2017

Average account balance

$166,347

-14.8% from 2017

Annual return

19.13%

-10.72 pp from 2017

Benchmarks

See 353 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort353 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$383.66M

Not enough data

1 years with asset history on file

Average account balance

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

$183K

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.

2,095

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

$25.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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 3 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO8+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$221,253
FRANCIS INVESTMENT COUNCIL1 year Filed as: FRANCIS LLC Service code 27 19435 W. CAPITOL DR. · BROOKFIELD, WI 53045	Advisory (Plan)	$82,300
MATRIX TRUST COMPANY1 year Service code 19 · EIN 75-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$304K

$221 / participant

Recordkeeping$221K72.9%
Investment mgmt$82K27.1%

% of EOY assets

0.090%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VRAKAS S.C.
Auditor EIN: 391453055
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$166,347

$40,278+313.0%

$80,669+106.2%

$80,187+107.5%

Participation rate

100.0%

47.5%+52.5pp

67.0%+33.0pp

72.9%+27.1pp

Annual return

19.13%

50.86%-31.7pp

937.61%-918.5pp

40.40%-21.3pp

Employer contribution / active EE

$5,801

$1,332+335.4%

$2,724+113.0%

$2,980+94.7%

Participant deferral / active EE

$13,114

$2,696+386.5%

$4,444+195.1%

$5,016+161.4%

Admin fee / account holder

$149

$210-29.0%

$5,384-97.2%

$145+3.0%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO8+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$221,253

FRANCIS INVESTMENT COUNCIL1 year

Filed as: FRANCIS LLC

Service code 27

19435 W. CAPITOL DR. · BROOKFIELD, WI 53045

Advisory (Plan)

$82,300

MATRIX TRUST COMPANY1 year

Service code 19 · EIN 75-3182674

Securities Custodian

RETIREMENT SAVINGS PLAN OF FLAD AFFILIATED CORP.

Top hat statement on fileNQDC

Plan administrator

Plans declared (7)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT SAVINGS PLAN OF FLAD AFFILIATED CORP.

Top hat statement on fileNQDC

Plan administrator

Plans declared (7)

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