Retirement plan

EMPLOYEES PROFIT SHARING AND SALARY REDUCTION PLAN OF SANCTUARY WEALTH GROUP, LLC

Name: SANCTUARY WEALTH GROUP, LLC - EMPLOYEES PROFIT SHARING AND SALARY REDUCTION PLAN OF SANCTUARY WEALTH GROUP, LLC (2020) Form 5500
Creator: SANCTUARY WEALTH GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEES PROFIT SHARING AND SALARY REDUCTION PLAN OF SANCTUARY WEALTH GROUP, LLC, SANCTUARY WEALTH GROUP, LLC

SANCTUARY WEALTH GROUP, LLCEIN 47-2336833Plan #002PY 2020

250 W 96TH STREET, STE 300 - INDIANAPOLIS, IN 462601329317-633-1747sanctuarywealth.comLinkedIn51-200 employeesfinancial services

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed January 17, 2023

Plan administrator

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250 W 96th St., Suite #300

Indianapolis, IN 46260

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Plans declared (1)

Sanctuary Wealth Nonqualified Deferred Compensation Plan25 emp

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Total assets (EOY)

$16.4M

+5.5% from 2019

Total participants

105

-6.3% from 2019

Average account balance

$156,639

+3.5% from 2019

Annual return

24.49%

+1.09 pp from 2019

Benchmarks

See 7,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,209 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$19.94M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

169

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+17.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY GLOBAL BROKERAGE GROUP INC Service code 33 · EIN 04-3257666	Securities brokerage; Recordkeeping f...	$8,485
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$5,863
WILSHIRE ASSOCIATES INCORPORATED3 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$8K

$101 / participant

Contract admin$8K100.0%

% of EOY assets

0.048%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FGMK, LLC
Auditor EIN: 362929601
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$156,639

$123,793+26.5%

$177,821-11.9%

$79,858+96.1%

Participation rate

100.0%

84.7%+15.3pp

87.7%+12.3pp

69.6%+30.4pp

Annual return

24.49%

22.82%+1.7pp

48.32%-23.8pp

31.71%-7.2pp

Employer contribution / active EE

$2,915

$4,095-28.8%

$5,918-50.7%

$2,471+18.0%

Participant deferral / active EE

$12,175

$5,956+104.4%

$7,714+57.8%

$3,740+225.5%

Admin fee / account holder

$75

$7,243-99.0%

$12,427-99.4%

$5,306-98.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY GLOBAL BROKERAGE GROUP INC

Service code 33 · EIN 04-3257666

Securities brokerage; Recordkeeping f...

$8,485

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$5,863

WILSHIRE ASSOCIATES INCORPORATED3 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

EMPLOYEES PROFIT SHARING AND SALARY REDUCTION PLAN OF SANCTUARY WEALTH GROUP, LLC

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEES PROFIT SHARING AND SALARY REDUCTION PLAN OF SANCTUARY WEALTH GROUP, LLC

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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