Retirement plan

SOVRN 401(K) PLAN

Name: SOVRN HOLDINGS, INC. - SOVRN 401(K) PLAN (2023) 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 2023

5541 CENTRAL AVENUE, SUITE 100 - BOULDER, CO 80301303-493-5490

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$13.7M

+35.3% from 2022

Total participants

298

-4.8% from 2022

Average account balance

$51,786

+43.9% from 2022

Annual return

20.59%

+35.95 pp from 2022

Benchmarks

See 6,234 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,234 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
GOLDMAN SACHS2 years Filed as: AVEO CAPITAL Service code 99	Other Fees	$30,212
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 49 PO BOX 734602 · CHICAGO, IL 60673	Other Services	$9,258
EXPAND FINANCIAL1 year Service code 99 · EIN 27-1124147	Other Fees	$8,460
GOLDMAN SACHS8 years Filed as: AVEO CAPITAL PARTNERS, LLC Service code 99 · EIN 27-4981131	Other Fees	$0
VOYA RETIREMENT INSURANCE & ANNUITY2 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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$65K

$339 / participant

Contract admin$65K100.0%

% of EOY assets

0.474%

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

$51,786

$91,424-43.4%

$135,942-61.9%

$71,495-27.6%

Participation rate

82.8%

75.7%+7.2pp

81.9%+0.9pp

67.9%+14.9pp

Annual return

20.59%

29.90%-9.3pp

68.28%-47.7pp

28.85%-8.3pp

Employer contribution / active EE

$3,689

$3,704-0.4%

$4,858-24.1%

$2,589+42.5%

Participant deferral / active EE

$10,726

$7,092+51.2%

$7,759+38.2%

$4,291+150.0%

Admin fee / account holder

$245

$1,266-80.6%

$10,764-97.7%

$1,588-84.6%

Provider

Service type

Compensation

GOLDMAN SACHS2 years

Filed as: AVEO CAPITAL

Service code 99

Other Fees

$30,212

ASCENSUS LLC2 years

Filed as: ASCENSUS

Service code 49

PO BOX 734602 · CHICAGO, IL 60673

Other Services

$9,258

EXPAND FINANCIAL1 year

Service code 99 · EIN 27-1124147

Other Fees

$8,460

GOLDMAN SACHS8 years

Filed as: AVEO CAPITAL PARTNERS, LLC

Service code 99 · EIN 27-4981131

Other Fees

VOYA RETIREMENT INSURANCE & ANNUITY2 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