Retirement plan

ASSETMARK POOLED EMPLOYER PLAN

Name: ADVISORTRUST, INC. - ASSETMARK POOLED EMPLOYER PLAN (2024) Form 5500
Creator: ADVISORTRUST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSETMARK POOLED EMPLOYER PLAN, ADVISORTRUST, INC.

ADVISORTRUST, INC.EIN 46-4091337Plan #004PY 2024

212 S MAIN ST., SUITE 123 - SIOUX FALLS, SD 57104866-928-9043advisortrust.comLinkedIn1-10 employeesfinancial services

Other plans on this EIN

6 filings

#002Retirement-$159.1M assets #006Retirement-$23.4M assets #001Retirement-$18.9M assets #005Retirement-$15.9M assets #003Retirement-$5.4M assets #007Retirement-$1.4M assets

Prospect flagsHigh feesLow participationLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$23.4M

+82.9% from 2023

Total participants

1,263

+52.9% from 2023

Average account balance

$29,794

+19.9% from 2023

Annual return

42.81%

-12.77 pp from 2023

Benchmarks

See 609 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort609 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$23.45M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

787

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.

60.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+42.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$340

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

See the 4-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
PCS RETIREMENT, LLC2 years Filed as: PCS RETIREMENT LLC Service code 13 · EIN 23-3038464	Contract Administrator	$182,847
HINDS FINANCIAL GROUP INC2 years Filed as: HINDS FINANCIAL GROUP, INC. Service code 27 1818 SPRING STREET · PASO ROBLES, CA 93446	Advisory (Plan)	$22,114
UNITED PLANNERS FINANCIAL SERVICES1 year Filed as: UNITED PLANNERS' FINANCIAL SERVICES Service code 27 1818 SPRING STREET · PASO ROBLES, CA 93446	Advisory (Plan)	$8,100
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH, INC. Service code 27 16020 SWINGLEY RIDGE RD STE 32 · CHESTERFIELD, MO 63017	Advisory (Plan)	$6,705
SCHLAFER WEALTH MANAGEMENT1 year Service code 27 8440 WOODFIELD CROSSING BLVD. · INDIANAPOLIS, IN 46240	Advisory (Plan)	$5,371
DEFINED FINANCIAL PLANNING LLC1 year Service code 27 · EIN 85-0655239	Advisory (Plan)	$5,370

Plan features & details

Pension benefit codes2A2E2F2G2J2K2W3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$267K

$223 / participant

Investment mgmt$85K31.6%
Contract admin$183K68.4%

% of EOY assets

1.140%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DOEREN MAYHEW ASSURANCE
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,794

$122,854-75.7%

$184,200-83.8%

$199,768-85.1%

Participation rate

60.3%

87.0%-26.8pp

86.8%-26.6pp

72.0%-11.7pp

Annual return

42.81%

143.99%-101.2pp

28.80%+14.0pp

34.26%+8.6pp

Employer contribution / active EE

$1,779

$4,588-61.2%

$6,424-72.3%

$3,037-41.4%

Participant deferral / active EE

$3,112

$7,995-61.1%

$9,132-65.9%

$5,090-38.9%

Admin fee / account holder

$340

$120+182.5%

$13,907-97.6%

$269+26.3%

Provider

Service type

Compensation

PCS RETIREMENT, LLC2 years

Filed as: PCS RETIREMENT LLC

Service code 13 · EIN 23-3038464

Contract Administrator

$182,847

HINDS FINANCIAL GROUP INC2 years

Filed as: HINDS FINANCIAL GROUP, INC.

Service code 27

1818 SPRING STREET · PASO ROBLES, CA 93446

Advisory (Plan)

$22,114

UNITED PLANNERS FINANCIAL SERVICES1 year

Filed as: UNITED PLANNERS' FINANCIAL SERVICES

Service code 27

1818 SPRING STREET · PASO ROBLES, CA 93446

Advisory (Plan)

$8,100

OSAIC WEALTH INC1 year

Filed as: OSAIC WEALTH, INC.

Service code 27

16020 SWINGLEY RIDGE RD STE 32 · CHESTERFIELD, MO 63017

Advisory (Plan)

$6,705

SCHLAFER WEALTH MANAGEMENT1 year

Service code 27

8440 WOODFIELD CROSSING BLVD. · INDIANAPOLIS, IN 46240

Advisory (Plan)

$5,371

DEFINED FINANCIAL PLANNING LLC1 year

Service code 27 · EIN 85-0655239

Advisory (Plan)

$5,370

ASSETMARK POOLED EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSETMARK POOLED EMPLOYER 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