Retirement plan

THE GROUP DEFINED CONTRIBUTION PLAN

Name: E-Z STAFFING INC. - THE GROUP DEFINED CONTRIBUTION PLAN (2020) Form 5500
Creator: E-Z STAFFING INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE GROUP DEFINED CONTRIBUTION PLAN, E-Z STAFFING INC.

E-Z STAFFING INC.EIN 46-5523368Plan #001PY 2020

1225 STATE ROUTE 31, BLDG A UNIT 123 - LEBANON, NJ 08833201-451-4200

Other plans on this EIN

1 filing

#002Retirement-$2.5M assets

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$9.7M

+14.0% from 2019

Total participants

501

+5.9% from 2019

Average account balance

$19,431

+7.7% from 2019

Annual return

9.42%

-7.14 pp from 2019

Benchmarks

See 1,065 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,065 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.23M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

501

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$603K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$337

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 3 by compensation

Provider	Service type	Compensation
GARY MOSCOWITZ, PC6+ years Service code 10 · EIN 22-3214883 111 QUIMBY STREET, SUITE 3 · WESTFIELD, NJ 07090	Accounting	$25,950
INTAC ACTUARIAL SERVICES6+ years Filed as: INTAC ACTUARIAL SERVICES, INC. Service code 11 · EIN 22-2446239 50 TICE BLVD · WOODCLIFF LAKE, NJ 07677	Actuarial	$19,650
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$3,084

Plan features & details

Pension benefit codes2E3D2F2H2J2K2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$115K

$716 / participant

Investment mgmt$62K53.9%
Contract admin$3K2.7%
Other / not subdivided$50K43.4%

% of EOY assets

1.185%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GARY S. MOSCOWITZ, PC
Auditor EIN: 223214683
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,431

$43,133-55.0%

$89,414-78.3%

$73,493-73.6%

Participation rate

100.0%

55.0%+45.0pp

68.0%+32.0pp

70.7%+29.3pp

Annual return

9.42%

135.66%-126.2pp

245.50%-236.1pp

28.51%-19.1pp

Employer contribution / active EE

$2,380

$1,438+65.5%

$2,586-8.0%

$2,270+4.9%

Participant deferral / active EE

$651

$2,445-73.4%

$3,890-83.3%

$3,740-82.6%

Admin fee / account holder

$230

$444-48.1%

$4,883-95.3%

$513-55.1%

Provider

Service type

Compensation

GARY MOSCOWITZ, PC6+ years

Service code 10 · EIN 22-3214883

111 QUIMBY STREET, SUITE 3 · WESTFIELD, NJ 07090

Accounting

$25,950

INTAC ACTUARIAL SERVICES6+ years

Filed as: INTAC ACTUARIAL SERVICES, INC.

Service code 11 · EIN 22-2446239

50 TICE BLVD · WOODCLIFF LAKE, NJ 07677

Actuarial

$19,650

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$3,084

THE GROUP DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE GROUP DEFINED CONTRIBUTION 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