Retirement plan

AXCET HR SOLUTIONS M/E 401(K) RETIREMENT PLAN

Name: AXCET HR SOLUTIONS - AXCET HR SOLUTIONS M/E 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: AXCET HR SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AXCET HR SOLUTIONS M/E 401(K) RETIREMENT PLAN, AXCET HR SOLUTIONS

AXCET HR SOLUTIONSEIN 48-1102958Plan #333PY 2018

8325 LENEXA DRIVE SUITE 410 - LENEXA, KS 662141654800-543-4015axcethr.comLinkedIn11-50 employeeshuman resources

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$52.6M

-7.2% from 2017

Total participants

2,067

+7.7% from 2017

Average account balance

$50,770

-20.3% from 2017

Annual return

-6.00%

-23.56 pp from 2017

Benchmarks

See 286 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort286 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$97.61M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

1,352

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.

34.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$534

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
NYHART2 years Service code 14 · EIN 35-0966414	Plan Administrator	$375,897
DOUGLAS & CO DBA GREAT WESTERN BANK2 years Filed as: DOUGLAS R. PEETE & ASSOCIATES Service code 26 4551 WEST 107TH STREET SUITE 220 · OVERLAND PARK, KS 662074023	Advisory (Participants)	$54,954
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$9,205

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3H

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.
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

3 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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$440K

$235 / participant

Investment mgmt$55K12.5%
Other / not subdivided$385K87.5%

% of EOY assets

0.837%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,770

$34,242+48.3%

$76,523-33.7%

$75,289-32.6%

Participation rate

45.0%

43.9%+1.0pp

68.0%-23.0pp

72.4%-27.5pp

Annual return

-6.00%

-0.98%-5.0pp

-0.27%-5.7pp

-0.04%-6.0pp

Employer contribution / active EE

$1,082

$975+11.0%

$2,647-59.1%

$2,405-55.0%

Participant deferral / active EE

$2,074

$1,872+10.8%

$3,835-45.9%

$3,739-44.5%

Admin fee / account holder

$425

$112+279.7%

$4,848-91.2%

$102+315.4%

Provider

Service type

Compensation

NYHART2 years

Service code 14 · EIN 35-0966414

Plan Administrator

$375,897

DOUGLAS & CO DBA GREAT WESTERN BANK2 years

Filed as: DOUGLAS R. PEETE & ASSOCIATES

Service code 26

4551 WEST 107TH STREET SUITE 220 · OVERLAND PARK, KS 662074023

Advisory (Participants)

$54,954

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

$9,205

AXCET HR SOLUTIONS M/E 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AXCET HR SOLUTIONS M/E 401(K) RETIREMENT 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