Retirement plan

SOVRN 401(K) PLAN

Name: SOVRN HOLDINGS, INC. - SOVRN 401(K) PLAN (2024) Form 5500
Creator: SOVRN HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOVRN 401(K) PLAN, SOVRN HOLDINGS, INC.

SOVRN HOLDINGS, INC.EIN 46-4307559Plan #001PY 2024

1600 PEARL STREET, SUITE 200 - BOULDER, CO 80302303-493-5490

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.4M

+12.5% from 2023

Total participants

259

-13.1% from 2023

Average account balance

$65,397

+26.3% from 2023

Annual return

14.87%

-5.72 pp from 2023

Benchmarks

See 6,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.43M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

236

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.

82.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$349

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 4 by compensation

Provider	Service type	Compensation
GOLDMAN SACHS3 years Filed as: AVEO CAPITAL Service code 99 · EIN 27-4981131	Other Fees	$34,077
ASCENSUS LLC3 years Filed as: ASCENSUS Service code 49 PO BOX 734602 · CHICAGO, IL 60673	Other Services	$12,840
EXPAND FINANCIAL2 years Service code 99 · EIN 27-1124147	Other Fees	$10,436
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

$82K

$615 / participant

Contract admin$82K100.0%

% of EOY assets

0.534%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,397

$101,499-35.6%

$147,005-55.5%

$74,546-12.3%

Participation rate

82.8%

75.5%+7.3pp

82.2%+0.7pp

67.2%+15.6pp

Annual return

14.87%

8732.34%-8717.5pp

418.76%-403.9pp

1366.03%-1351.2pp

Employer contribution / active EE

$4,679

$3,811+22.8%

$4,934-5.2%

$2,624+78.3%

Participant deferral / active EE

$12,675

$7,304+73.5%

$8,070+57.1%

$4,347+191.5%

Admin fee / account holder

$349

$1,748-80.0%

$13,006-97.3%

$1,944-82.0%

Provider

Service type

Compensation

GOLDMAN SACHS3 years

Filed as: AVEO CAPITAL

Service code 99 · EIN 27-4981131

Other Fees

$34,077

ASCENSUS LLC3 years

Filed as: ASCENSUS

Service code 49

PO BOX 734602 · CHICAGO, IL 60673

Other Services

$12,840

EXPAND FINANCIAL2 years

Service code 99 · EIN 27-1124147

Other Fees

$10,436

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

SOVRN 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOVRN 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