Retirement plan

FIRSTGROUP AMERICA, INC. RETIREMENT SAVINGS PLAN

Name: FIRSTGROUP AMERICA, INC. - FIRSTGROUP AMERICA, INC. RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: FIRSTGROUP AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRSTGROUP AMERICA, INC. RETIREMENT SAVINGS PLAN, FIRSTGROUP AMERICA, INC.

FIRSTGROUP AMERICA, INC.EIN 52-2205403Plan #002PY 2020

600 VINE STREET, SUITE 1400 - CINCINNATI, OH 45202519-419-8559

Other plans on this EIN

1 filing

#001Retirement-$99.0M assets

Prospect flagsLow returnsLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$387M

-5.0% from 2016

Total participants

51,095

-0.3% from 2016

Average account balance

$34,198

-6.2% from 2016

Annual return

10.84%

-9.64 pp from 2016

Benchmarks

See 43 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort43 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$328.17M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

11,465

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.

18.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$654

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

+14.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$82

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

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO BNK, N.A. Service code 15 · EIN 94-1347393	Recordkeeping	$871,477
DATAMARK MAILING SERVICES1 year Service code 49 · EIN 61-1328572	Other Services	$27,840
AON CONSULTING1 year Filed as: AON HEWITT INVESTMENT USA INC Service code 27 · EIN 22-2232264	Advisory (Plan)	$22,505
MORRIS, MANNING & MARTIN, LLP3 years Filed as: MORRIS MANNING & MARTIN LLP Service code 29 · EIN 58-1269995	Legal	$18,531
PLANTE & MORAN, PLLC1 year Filed as: PLANTE & MORAN, LLC Service code 10 · EIN 38-1357951	Accounting	$16,000
ALIGHT SOLUTIONS LLC1 year Service code 49 · EIN 82-1061233	Other Services	$11,437
AON CONSULTING6+ years Filed as: AON HEWITT INVESTMENT CONSULTING Service code 16 · EIN 36-3109431	Consulting	$8,133

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

6 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.
OpportunityLow returns
Annual investment return 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$952K

$20 / participant

Other / not subdivided$952K100.0%

% of EOY assets

0.246%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,198

$123,048-72.2%

$81,988-58.3%

$106,273-67.8%

Participation rate

18.1%

65.1%-46.9pp

69.3%-51.2pp

70.8%-52.7pp

Annual return

10.84%

14.83%-4.0pp

41.32%-30.5pp

21.70%-10.9pp

Employer contribution / active EE

$155

$3,893-96.0%

$2,499-93.8%

$2,722-94.3%

Participant deferral / active EE

$498

$4,168-88.1%

$3,723-86.6%

$4,601-89.2%

Admin fee / account holder

$84

$116-27.6%

$5,666-98.5%

$78+7.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO BNK, N.A.

Service code 15 · EIN 94-1347393

Recordkeeping

$871,477

DATAMARK MAILING SERVICES1 year

Service code 49 · EIN 61-1328572

Other Services

$27,840

AON CONSULTING1 year

Filed as: AON HEWITT INVESTMENT USA INC

Service code 27 · EIN 22-2232264

Advisory (Plan)

$22,505

MORRIS, MANNING & MARTIN, LLP3 years

Filed as: MORRIS MANNING & MARTIN LLP

Service code 29 · EIN 58-1269995

Legal

$18,531

PLANTE & MORAN, PLLC1 year

Filed as: PLANTE & MORAN, LLC

Service code 10 · EIN 38-1357951

Accounting

$16,000

ALIGHT SOLUTIONS LLC1 year

Service code 49 · EIN 82-1061233

Other Services

$11,437

AON CONSULTING6+ years

Filed as: AON HEWITT INVESTMENT CONSULTING

Service code 16 · EIN 36-3109431

Consulting

$8,133

FIRSTGROUP AMERICA, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRSTGROUP AMERICA, INC. RETIREMENT 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