Retirement plan

ORTHO 401(K) SOLUTIONS

Name: ORTHO BENEFITS CORP - ORTHO 401(K) SOLUTIONS (2024) Form 5500
Creator: ORTHO BENEFITS CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHO 401(K) SOLUTIONS, ORTHO BENEFITS CORP

ORTHO BENEFITS CORPEIN 47-1797746Plan #001PY 2024

300 AVENUE OF THE CHAMPIONS - PALM BEACH GARDENS, FL 33418561-775-0887

Other plans on this EIN

1 filing

#002Retirement-$13.2M assets

Prospect flagsHigh retiree %Low returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$29.5M

-0.1% from 2023

Total participants

570

+68.6% from 2023

Average account balance

$91,182

-10.3% from 2023

Annual return

2.30%

+20.43 pp from 2023

Benchmarks

See 2,053 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,053 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.45M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

368

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+2.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$408

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 7 by compensation

Provider	Service type	Compensation
ADVUS FINANCIAL PARTNERS LLC1 year Filed as: ADVUS FINANCIAL PARTNERS, LLC Service code 27 1525 INTERNATIONAL PKWY, SUITE 2071 · LAKE MARY, FL 32746	Advisory (Plan)	$53,173
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907	Recordkeeping Fees	$38,769
EJREYNOLDS, INC.9 years Service code 13 · EIN 59-2265857	Contract Administrator	$23,430
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$11,691
ORTHO BENEFITS CORP.4 years Service code 25 300 AVE OF THE CHAMPIONS STE · PALM BEACH GARDENS, FL 33418	Directed Trustee	$8,013
GWN SECURITIES, INC9 years Service code 55 · EIN 65-0939556	Other Commissions	$6,130
CREATIVE PLANNING LLC4 years Filed as: CREATIVE PLANNING HOLDCO ,LLC Service code 27 5454 110TH ST · OVERLAND PARK, KS 66211	Advisory (Plan)	$4,463

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$132K

$652 / participant

Contract admin$132K100.0%

% of EOY assets

0.447%

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: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,182

$60,454+50.8%

$81,844+11.4%

$74,459+22.5%

Participation rate

0.0%

63.0%-63.0pp

72.4%-72.4pp

67.2%-67.2pp

Annual return

2.30%

16.87%-14.6pp

778.87%-776.6pp

1369.70%-1367.4pp

Employer contribution / active EE

$3,076

$2,630+17.0%

$2,916+5.5%

$2,626+17.1%

Participant deferral / active EE

$4,750

$3,398+39.8%

$4,323+9.9%

$4,350+9.2%

Admin fee / account holder

$408

$1,490-72.6%

$7,355-94.5%

$1,945-79.0%

Provider

Service type

Compensation

ADVUS FINANCIAL PARTNERS LLC1 year

Filed as: ADVUS FINANCIAL PARTNERS, LLC

Service code 27

1525 INTERNATIONAL PKWY, SUITE 2071 · LAKE MARY, FL 32746

Advisory (Plan)

$53,173

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$38,769

EJREYNOLDS, INC.9 years

Service code 13 · EIN 59-2265857

Contract Administrator

$23,430

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$11,691

ORTHO BENEFITS CORP.4 years

Service code 25

300 AVE OF THE CHAMPIONS STE · PALM BEACH GARDENS, FL 33418

Directed Trustee

$8,013

GWN SECURITIES, INC9 years

Service code 55 · EIN 65-0939556

Other Commissions

$6,130

CREATIVE PLANNING LLC4 years

Filed as: CREATIVE PLANNING HOLDCO ,LLC

Service code 27

5454 110TH ST · OVERLAND PARK, KS 66211

Advisory (Plan)

$4,463

ORTHO 401(K) SOLUTIONS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHO 401(K) SOLUTIONS

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