Retirement plan

SAGESPRING WEALTH PARTNERS 401(K) PROFIT SHARING PLAN

Name: SAGESPRING WEALTH PARTNERS, LLC - SAGESPRING WEALTH PARTNERS 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SAGESPRING WEALTH PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAGESPRING WEALTH PARTNERS 401(K) PROFIT SHARING PLAN, SAGESPRING WEALTH PARTNERS, LLC

SAGESPRING WEALTH PARTNERS, LLCEIN 47-1471217Plan #001PY 2024

801 CRESCENT CENTRE DRIVE, SUITE 600 - FRANKLIN, TN 37064615-778-9093sagespring.comLinkedIn51-200 employeesfinancial services

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed November 22, 2021 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

801 Crescent Centre Drive, Suite 600

Franklin, TN 37064

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Plans declared (2)

Southwestern Investment Advisory Services, LLC Supplemental Retirement Plan9 emp
Southwestern Investment Group Executive Deferred Compensation Plan36 emp

Total covered: 45 employees

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Total assets (EOY)

$16M

+21.5% from 2023

Total participants

182

+0.6% from 2023

Average account balance

$89,100

+22.2% from 2023

Annual return

18.31%

-6.36 pp from 2023

Benchmarks

See 2,175 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,175 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.04M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

180

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+18.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$232

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$37,220
ASCENSUS LLC3 years Filed as: ASCENSUS Service code 13 · EIN 82-3719843	Contract Administrator	$19,161

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

$42K

$248 / participant

Contract admin$42K100.0%

% of EOY assets

0.261%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,100

$122,051-27.0%

$184,185-51.6%

$74,400+19.8%

Participation rate

98.8%

85.5%+13.3pp

86.8%+12.0pp

67.2%+31.6pp

Annual return

18.31%

19.91%-1.6pp

28.81%-10.5pp

1367.51%-1349.2pp

Employer contribution / active EE

$4,074

$4,539-10.2%

$6,426-36.6%

$2,624+55.2%

Participant deferral / active EE

$8,608

$7,146+20.5%

$9,132-5.7%

$4,348+98.0%

Admin fee / account holder

$232

$1,258-81.5%

$13,909-98.3%

$1,944-88.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$37,220

ASCENSUS LLC3 years

Filed as: ASCENSUS

Service code 13 · EIN 82-3719843

Contract Administrator

$19,161

SAGESPRING WEALTH PARTNERS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAGESPRING WEALTH PARTNERS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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