Retirement plan

LEVEL ONE PERSONNEL, INC. 401(K) PLAN

Name: LEVEL ONE PERSONNEL, INC. - LEVEL ONE PERSONNEL, INC. 401(K) PLAN (2023) Form 5500
Creator: LEVEL ONE PERSONNEL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEVEL ONE PERSONNEL, INC. 401(K) PLAN, LEVEL ONE PERSONNEL, INC.

LEVEL ONE PERSONNEL, INC.EIN 52-2203629Plan #001PY 2023

10320 LITTLE PATUXENT PKWY, STE 814 - COLUMBIA, MD 210443344410-740-3030levelonepersonnel.comLinkedIn51-200 employeesstaffing and recruiting

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.9M

+33.1% from 2022

Total participants

-2.7% from 2022

Average account balance

$88,570

-21.4% from 2022

Annual return

20.81%

+36.92 pp from 2022

Benchmarks

See 5,247 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort5,247 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.69M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

52.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6744

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$88,570

$49,891+77.5%

$80,607+9.9%

$75,181+17.8%

Participation rate

51.7%

55.3%-3.6pp

67.0%-15.3pp

67.2%-15.5pp

Annual return

20.81%

34.67%-13.9pp

936.11%-915.3pp

160.69%-139.9pp

Employer contribution / active EE

$676

$1,698-60.2%

$2,724-75.2%

$2,671-74.7%

Participant deferral / active EE

$5,509

$2,991+84.2%

$4,448+23.9%

$4,126+33.5%

Admin fee / account holder

$3,578-100.0%

$5,379-100.0%

$5,650-100.0%

LEVEL ONE PERSONNEL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

LEVEL ONE PERSONNEL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion