Retirement plan

EMPLOYEE BENEFIT PLAN OF ELKO MINING GROUP, LLC

Name: ELKO MINING GROUP, LLC - EMPLOYEE BENEFIT PLAN OF ELKO MINING GROUP, LLC (2020) 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 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.3M

+33.8% from 2019

Total participants

+11.2% from 2019

Average account balance

$35,358

+22.2% from 2019

Annual return

19.15%

-7.47 pp from 2019

Benchmarks

See 817 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort817 peers

Snapshot2020

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

$239K

$3917 / participant

Other / not subdivided$239K100.0%

% of EOY assets

7.346%

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

$35,358

$88,042-59.8%

$138,135-74.4%

$79,856-55.7%

Participation rate

88.5%

71.4%+17.1pp

78.7%+9.8pp

69.6%+18.9pp

Annual return

19.15%

20.58%-1.4pp

20.51%-1.4pp

31.71%-12.6pp

Employer contribution / active EE

$3,137

$3,103+1.1%

$5,587-43.8%

$2,471+27.0%

Participant deferral / active EE

$6,499

$4,704+38.1%

$6,431+1.1%

$3,741+73.7%

Admin fee / account holder

$2,597

$7,791-66.7%

$11,856-78.1%

$5,306-51.1%

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