Retirement plan

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

Name: AXCET HR SOLUTIONS - AXCET HR SOLUTIONS M/E 401(K) RETIREMENT PLAN (2021) 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 2021

10975 GRANDVIEW DRIVE, SUITE 200 - OVERLAND PARK, KS 66210800-543-4015axcethr.comLinkedIn11-50 employeeshuman resources

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$79.6M

+8.9% from 2020

Total participants

2,636

-5.1% from 2020

Average account balance

$74,515

+21.5% from 2020

Annual return

11.77%

+2.75 pp from 2020

Benchmarks

See 323 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort323 peers

Snapshot2021

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
NYHART5 years Service code 14 · EIN 35-0966414	Plan Administrator	$525,007
GLOBAL RETIREMENT PARTNERS LLC3 years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 26 4340 REDWOOD HIGHWAY, SUITE 860 · SAN RAFAEL, CA 94903	Advisory (Participants)	$75,652
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 21 · EIN 82-3967259	Bank Trustee	$12,108

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

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

Expense breakdown

Schedule H Part II

Admin total

$601K

$251 / participant

Investment mgmt$76K12.6%
Other / not subdivided$525K87.4%

% of EOY assets

0.755%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,515

$45,719+63.0%

$96,139-22.5%

$93,030-19.9%

Participation rate

34.5%

45.8%-11.3pp

68.4%-33.9pp

73.9%-39.4pp

Annual return

11.77%

3211.95%-3200.2pp

191.94%-180.2pp

158.70%-146.9pp

Employer contribution / active EE

$1,143

$1,139+0.4%

$2,797-59.1%

$2,706-57.8%

Participant deferral / active EE

$2,131

$2,344-9.1%

$4,349-51.0%

$4,562-53.3%

Admin fee / account holder

$562

$128+339.4%

$5,537-89.8%

$152+270.9%

Provider

Service type

Compensation

NYHART5 years

Service code 14 · EIN 35-0966414

Plan Administrator

$525,007

GLOBAL RETIREMENT PARTNERS LLC3 years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 26

4340 REDWOOD HIGHWAY, SUITE 860 · SAN RAFAEL, CA 94903

Advisory (Participants)

$75,652

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 21 · EIN 82-3967259

Bank Trustee

$12,108

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