Retirement plan

EMPLOYEE BENEFIT PLAN OF ELKO MINING GROUP, LLC

Name: ELKO MINING GROUP, LLC - EMPLOYEE BENEFIT PLAN OF ELKO MINING GROUP, LLC (2019) Form 5500
Creator: ELKO MINING GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF ELKO MINING GROUP, LLC, ELKO MINING GROUP, LLC

ELKO MINING GROUP, LLCEIN 46-4027264Plan #001PY 2019

9650 GATEWAY DR STE 202 - RENO, NV 895213962775-623-5760

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.4M

+53.4% from 2018

Total participants

+18.7% from 2018

Average account balance

$28,940

+33.3% from 2018

Annual return

26.62%

+34.78 pp from 2018

Benchmarks

See 846 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort846 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.42M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

2700.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+19.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39092

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D

Plan features

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.
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

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

$85K

$1885 / participant

Other / not subdivided$85K100.0%

% of EOY assets

3.489%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,940

$82,882-65.1%

$127,803-77.4%

$72,976-60.3%

Participation rate

88.9%

71.5%+17.4pp

79.0%+9.9pp

69.5%+19.4pp

Annual return

26.62%

32.20%-5.6pp

26.14%+0.5pp

81.02%-54.4pp

Employer contribution / active EE

$3,704

$3,346+10.7%

$4,576-19.1%

$2,440+51.8%

Participant deferral / active EE

$7,604

$4,791+58.7%

$6,023+26.2%

$3,608+110.8%

Admin fee / account holder

$1,010

$6,487-84.4%

$9,399-89.3%

$5,124-80.3%

EMPLOYEE BENEFIT PLAN OF ELKO MINING GROUP, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF ELKO MINING GROUP, LLC

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