Retirement plan

MAXWELL 401(K) PLAN

Name: MAXWELL FINANCIAL LABS, INC. - MAXWELL 401(K) PLAN (2022) Form 5500
Creator: MAXWELL FINANCIAL LABS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAXWELL 401(K) PLAN, MAXWELL FINANCIAL LABS, INC.

MAXWELL FINANCIAL LABS, INC.EIN 47-4655027Plan #001PY 2022

518 17TH ST. SUITE 950 - DENVER, CO 80202

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$3.6M

+78.9% from 2021

Total participants

487

+29.5% from 2021

Average account balance

$22,152

+197.1% from 2021

Annual return

7.97%

-269.04 pp from 2021

Benchmarks

See 1,030 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,030 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.79M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

157

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+35.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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 1 by compensation

Provider	Service type	Compensation
BETTERMENT FOR BUSINESS, LLC1 year Service code 27 · EIN 47-4872674 8 W. 24TH STREET · NEW YORK, NY 10010	Advisory (Plan)	$10,262

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$10K

$63 / participant

Investment mgmt$7K70.0%
Other / not subdivided$3K30.0%

% of EOY assets

0.286%

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: JDS PROFESSIONAL GROUP
Auditor EIN: 208019714
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,152

$58,320-62.0%

$86,439-74.4%

$66,930-66.9%

Participation rate

0.0%

78.6%-78.6pp

80.3%-80.3pp

69.8%-69.8pp

Annual return

7.97%

-9.71%+17.7pp

4395.55%-4387.6pp

1.57%+6.4pp

Employer contribution / active EE

$2,755

$2,615+5.3%

$3,769-26.9%

$2,545+8.2%

Participant deferral / active EE

$9,249

$6,899+34.1%

$6,952+33.1%

$4,238+118.3%

Admin fee / account holder

$63

$546-88.4%

$6,732-99.1%

$593-89.3%

Provider

Service type

Compensation

BETTERMENT FOR BUSINESS, LLC1 year

Service code 27 · EIN 47-4872674

8 W. 24TH STREET · NEW YORK, NY 10010

Advisory (Plan)

$10,262

MAXWELL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAXWELL 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