Retirement plan

MONUMENT REAL ESTATE SERVICES, LLC 401(K) PLAN

Name: MONUMENT REAL ESTATE SERVICES, LLC - MONUMENT REAL ESTATE SERVICES, LLC 401(K) PLAN (2022) Form 5500
Creator: MONUMENT REAL ESTATE SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONUMENT REAL ESTATE SERVICES, LLC 401(K) PLAN, MONUMENT REAL ESTATE SERVICES, LLC

MONUMENT REAL ESTATE SERVICES, LLCEIN 46-3099709Plan #001PY 2022

2675 SOUTH BAYSHORE DR, 5TH FLOOR - CORAL GABLES, FL 33134305-446-0010mresmgmt.comLinkedIn51-200 employeesreal estate

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$1.8M

+30.1% from 2020

Total participants

136

+2.3% from 2020

Average account balance

$26,700

+20.5% from 2020

Annual return

-20.25%

-44.56 pp from 2020

Benchmarks

See 1,009 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,009 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.84M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

77.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$470K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+23.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9325

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 2 by compensation

Provider	Service type	Compensation
IFP ADVISORS INC DBA INDEPENDENT FI1 year Filed as: IFP ADVISORS, LLC Service code 27 · EIN 59-3331424	Advisory (Plan)	$11,128
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969	Contract Administrator	$6,519

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$18K

$175 / participant

Investment mgmt$11K63.1%
Contract admin$7K36.9%

% of EOY assets

0.972%

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: PAAST, PL
Auditor EIN: 650942623
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,700

$59,140-54.9%

$160,037-83.3%

$66,949-60.1%

Participation rate

32.7%

68.1%-35.5pp

78.0%-45.3pp

69.8%-37.1pp

Annual return

-20.25%

-12.25%-8.0pp

408.95%-429.2pp

1.57%-21.8pp

Employer contribution / active EE

$1,495

$1,982-24.6%

$4,226-64.6%

$2,545-41.3%

Participant deferral / active EE

$2,334

$4,399-46.9%

$6,184-62.3%

$4,239-44.9%

Admin fee / account holder

$260

$591-56.1%

$8,716-97.0%

$594-56.3%

Provider

Service type

Compensation

IFP ADVISORS INC DBA INDEPENDENT FI1 year

Filed as: IFP ADVISORS, LLC

Service code 27 · EIN 59-3331424

Advisory (Plan)

$11,128

NEWPORT GROUP, INC.1 year

Service code 13 · EIN 27-2037969

Contract Administrator

$6,519

MONUMENT REAL ESTATE SERVICES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONUMENT REAL ESTATE SERVICES, 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