Retirement plan

RELIANCE SOLUTIONS, 401(K) SAVINGS PLAN

Name: ONA ENTERPRISES (DBA RELIANCE SOLUTIONS) - RELIANCE SOLUTIONS, 401(K) SAVINGS PLAN (2019) Form 5500
Creator: ONA ENTERPRISES (DBA RELIANCE SOLUTIONS)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RELIANCE SOLUTIONS, 401(K) SAVINGS PLAN, ONA ENTERPRISES (DBA RELIANCE SOLUTIONS)

ONA ENTERPRISES (DBA RELIANCE SOLUTIONS)EIN 52-2052834Plan #001PY 2019

1202 PENDERBROOKE CT. - CROWNSVILLE, MD 21032410-626-7500

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$907K

+53.0% from 2018

Total participants

-5.3% from 2018

Average account balance

$60,493

+73.4% from 2018

Annual return

54.54%

+60.81 pp from 2018

Benchmarks

See 119,358 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,358 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.17M

Not enough data

1 years with asset history on file

Average account balance

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

$194K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$432

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

+15.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7828

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$106K

$8176 / participant

Other / not subdivided$106K100.0%

% of EOY assets

11.713%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,493

$157,276-61.5%

$141,177-57.2%

$152,885-60.4%

Participation rate

76.9%

84.8%-7.9pp

82.5%-5.5pp

Annual return

54.54%

64.33%-9.8pp

71.40%-16.9pp

345.39%-290.9pp

Employer contribution / active EE

$2,921

$5,262-44.5%

$4,736-38.3%

$4,763-38.7%

Participant deferral / active EE

$4,556

$7,110-35.9%

$6,710-32.1%

$5,851-22.1%

Admin fee / account holder

$7,086

$12,123-41.5%

$10,263-31.0%

$11,598-38.9%

RELIANCE SOLUTIONS, 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RELIANCE SOLUTIONS, 401(K) SAVINGS 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