Retirement plan

SPARKS PERSONNEL 401(K) PLAN

Name: SPARKS PERSONNEL SERVICES, INC. - SPARKS PERSONNEL 401(K) PLAN (2020) Form 5500
Creator: SPARKS PERSONNEL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPARKS PERSONNEL 401(K) PLAN, SPARKS PERSONNEL SERVICES, INC.

SPARKS PERSONNEL SERVICES, INC.EIN 52-0965469Plan #001PY 2020

77 UPPER ROCK CIRCLE, SUITE 101 - ROCKVILLE, MD 20850301-279-2300LinkedIn1-10 employeesstaffing and recruiting

Prospect flagsLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.6M

+13.6% from 2019

Total participants

1,621

-24.9% from 2019

Average account balance

$52,652

+7.0% from 2019

Annual return

19.96%

-15.44 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

$6.92M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

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.

10.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$178K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$360

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

+15.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3332

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 10 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$14,922
AMERICAN FUNDS2 years Service code 28 · EIN 95-1411037	Investment Management	$0
BAIRD FUNDS2 years Service code 28 PO BOX 701 · MILWAUKEE, WI 53201	Investment Management	$0
BLACKROCK2 years Filed as: BLACKROCK FUNDS Service code 28 · EIN 04-6171663	Investment Management	$0
DIMENSIONAL FUND ADVISORS1 year Filed as: DIMENSIONAL FUNDS Service code 28 · EIN 95-4470812	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
HARDING LOEVNER LP2 years Filed as: HARDING FUNDS Service code 28 400 CROSSING BLVD · BRIDGEWATER, NJ 08807	Investment Management	$0
MFS INVESTMENT MANAGEMENT2 years Filed as: MFS FUNDS Service code 28 · EIN 04-2747644	Investment Management	$0
T ROWE PRICE RPS INC2 years Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD GROUP Service code 28 · EIN 23-1945930	Investment Management	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D2E

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$15K

$9 / participant

Contract admin$15K100.0%

% of EOY assets

0.326%

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: GRANDIZIO,WILKINS,LITTLE & MATTHEWS
Auditor EIN: 522334868
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,652

$46,219+13.9%

$89,400-41.1%

$90,274-41.7%

Participation rate

3.3%

44.9%-41.5pp

68.0%-64.6pp

73.4%-70.0pp

Annual return

19.96%

25.71%-5.8pp

245.64%-225.7pp

53.97%-34.0pp

Employer contribution / active EE

$43

$953-95.5%

$2,586-98.3%

$2,523-98.3%

Participant deferral / active EE

$161

$2,136-92.5%

$3,890-95.9%

$4,231-96.2%

Admin fee / account holder

$172

$147+16.8%

$4,882-96.5%

$114+50.4%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$14,922

AMERICAN FUNDS2 years

Service code 28 · EIN 95-1411037

Investment Management

BAIRD FUNDS2 years

Service code 28

PO BOX 701 · MILWAUKEE, WI 53201

Investment Management

BLACKROCK2 years

Filed as: BLACKROCK FUNDS

Service code 28 · EIN 04-6171663

Investment Management

DIMENSIONAL FUND ADVISORS1 year

Filed as: DIMENSIONAL FUNDS

Service code 28 · EIN 95-4470812

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

HARDING LOEVNER LP2 years

Filed as: HARDING FUNDS

Service code 28

400 CROSSING BLVD · BRIDGEWATER, NJ 08807

Investment Management

MFS INVESTMENT MANAGEMENT2 years

Filed as: MFS FUNDS

Service code 28 · EIN 04-2747644

Investment Management

T ROWE PRICE RPS INC2 years

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD GROUP

Service code 28 · EIN 23-1945930

Investment Management

SPARKS PERSONNEL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPARKS PERSONNEL 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