Retirement plan

CONCURRENT HRO 401(K) PLAN

Name: CONCURRENT HRO, LLC - CONCURRENT HRO 401(K) PLAN (2020) Form 5500
Creator: CONCURRENT HRO, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONCURRENT HRO 401(K) PLAN, CONCURRENT HRO, LLC

CONCURRENT HRO, LLCEIN 47-5137893Plan #001PY 2020

11811 UPHAM STREET, SUITE A - BROOMFIELD, CO 80020720-432-5900concurrenthro.comLinkedIn11-50 employeeshuman resources

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$15.4M

+71.8% from 2019

Total participants

1,358

+135.8% from 2019

Average account balance

$21,581

-44.0% from 2019

Annual return

56.88%

-674.00 pp from 2019

Benchmarks

See 305 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort305 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.73M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

1,722

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.

70.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+31.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$249

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 10 of 11 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 49 · EIN 04-1590850	Other Services	$98,823
RBF CAPITAL MANAGEMENT, INC.2 years Service code 27 · EIN 45-5277485	Advisory (Plan)	$31,491
JASON F CLAUSEN PC1 year Filed as: JASON F. CLAUSEN, P.C. Service code 10 · EIN 27-4097479	Accounting	$6,150
AB FUNDS2 years Service code 52 · EIN 13-3747683	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 95-6006886	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 22-3483675	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS2 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY ADVISOR Service code 52 · EIN 04-6444002	Indirect Investment Fees	$0
JANUS HENDERSON2 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
TIAA2 years Filed as: TIAA-CREF Service code 52 · EIN 13-4055167	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2R3D2S2T

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$136K

$103 / participant

Investment mgmt$121K88.8%
Contract admin$9K6.7%
Other / not subdivided$6K4.5%

% of EOY assets

0.888%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: JASON CLAUSEN
Auditor EIN: 274097479
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,581

$46,219-53.3%

$89,414-75.9%

$90,274-76.1%

Participation rate

51.1%

44.9%+6.2pp

68.0%-16.9pp

73.4%-22.3pp

Annual return

56.88%

25.71%+31.2pp

245.50%-188.6pp

53.97%+2.9pp

Employer contribution / active EE

$554

$953-41.9%

$2,586-78.6%

$2,523-78.0%

Participant deferral / active EE

$1,046

$2,136-51.0%

$3,890-73.1%

$4,231-75.3%

Admin fee / account holder

$192

$147+30.5%

$4,883-96.1%

$114+68.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 49 · EIN 04-1590850

Other Services

$98,823

RBF CAPITAL MANAGEMENT, INC.2 years

Service code 27 · EIN 45-5277485

Advisory (Plan)

$31,491

JASON F CLAUSEN PC1 year

Filed as: JASON F. CLAUSEN, P.C.

Service code 10 · EIN 27-4097479

Accounting

$6,150

AB FUNDS2 years

Service code 52 · EIN 13-3747683

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 95-6006886

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 22-3483675

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS2 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 04-6444002

Indirect Investment Fees

JANUS HENDERSON2 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

TIAA2 years

Filed as: TIAA-CREF

Service code 52 · EIN 13-4055167

Indirect Investment Fees

CONCURRENT HRO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONCURRENT HRO 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