Retirement plan

REES-JONES HOLDINGS LLC 401(K) PROFIT SHARING PLAN

Name: REES-JONES HOLDINGS LLC - REES-JONES HOLDINGS LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: REES-JONES HOLDINGS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REES-JONES HOLDINGS LLC 401(K) PROFIT SHARING PLAN, REES-JONES HOLDINGS LLC

REES-JONES HOLDINGS LLCEIN 46-3556054Plan #001PY 2022

8111 WESTCHESTER DRIVE, SUITE 900 - DALLAS, TX 75225214-265-9590r-jholdings.comLinkedIn1-10 employeesexecutive office

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$31M

No prior year

Total participants

248

No prior year

Average account balance

$139,506

No prior year

Annual return

-14.20%

No prior year

Benchmarks

See 274 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort274 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.09M

Not enough data

1 years with asset history on file

Average account balance

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

$178K

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.

197

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$545

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 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$123,728
NOVA 401(K) ASSOCIATES1+ years Service code 13 · EIN 20-1181458	Contract Administrator	$33,001
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907	Recordkeeping Fees	$20,024
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MML INVESTORS SERVICES INC Service code 53 · EIN 04-2746212	Insurance Commissions	$15,752
BROCKWAY GERSBACH FRANKLIN & NIEMEI1+ years Filed as: BROCKWAY GERBACH FRANKLIN & NE Service code 10 · EIN 74-2531836	Accounting	$10,200

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$143K

$1008 / participant

Contract admin$143K100.0%

% of EOY assets

0.462%

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: BROCKWAY GERBACH FRANKLIN & NEIME
Auditor EIN: 742531836
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,506

$64,871+115.1%

$129,118+8.0%

$66,938+108.4%

Participation rate

81.7%

74.0%+7.7pp

77.2%+4.4pp

69.8%+11.9pp

Annual return

-14.20%

-12.21%-2.0pp

-10.94%-3.3pp

1.58%-15.8pp

Employer contribution / active EE

$8,594

$3,741+129.7%

$5,051+70.1%

$2,545+237.6%

Participant deferral / active EE

$16,190

$5,090+218.1%

$6,539+147.6%

$4,238+282.0%

Admin fee / account holder

$645

$629+2.5%

$14,305-95.5%

$594+8.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$123,728

NOVA 401(K) ASSOCIATES1+ years

Service code 13 · EIN 20-1181458

Contract Administrator

$33,001

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$20,024

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MML INVESTORS SERVICES INC

Service code 53 · EIN 04-2746212

Insurance Commissions

$15,752

BROCKWAY GERSBACH FRANKLIN & NIEMEI1+ years

Filed as: BROCKWAY GERBACH FRANKLIN & NE

Service code 10 · EIN 74-2531836

Accounting

$10,200

REES-JONES HOLDINGS LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REES-JONES HOLDINGS LLC 401(K) PROFIT SHARING 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