Retirement plan

CONTRACT EMPLOYEE RETIREMENT SAVINGS PLAN

Name: APEX SYSTEMS, LLC - CONTRACT EMPLOYEE RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: APEX SYSTEMS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONTRACT EMPLOYEE RETIREMENT SAVINGS PLAN, APEX SYSTEMS, LLC

APEX SYSTEMS, LLCEIN 54-1773546Plan #002PY 2023

4400 COX ROAD, SUITE 200 - GLEN ALLEN, VA 23060804-523-8267apexsystems.comLinkedIn1001-5000 employeesinformation technology and services

Other plans on this EIN

1 filing

#001Retirement-$391.7M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$204.5M

-50.8% from 2016

Total participants

20,901

+0.4% from 2016

Average account balance

$26,586

-17.5% from 2016

Annual return

24.27%

+18449.55 pp from 2016

Benchmarks

See 55 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort55 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$231.84M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

7,794

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.

14.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+20.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 37 · EIN 04-2647786	Loan Processing	$508,136
JANNEY MONTGOMERY SCOTT LLC8 years Service code 27 · EIN 23-0731260	Advisory (Plan)	$139,113
KEITER5 years Service code 10 · EIN 54-1631262	Accounting	$36,137
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$35,943

Plan features & details

Pension benefit codes2S2T3H2F2G2J3D2R

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$732K

$45 / participant

Recordkeeping$508K69.4%
Investment mgmt$188K25.6%
Other / not subdivided$36K4.9%

% of EOY assets

0.358%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KEITER
Auditor EIN: 541631262
Audit fees: $36,137
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,586

$36,954-28.1%

$80,669-67.0%

$96,393-72.4%

Participation rate

18.6%

33.6%-15.0pp

67.0%-48.4pp

71.3%-52.7pp

Annual return

24.27%

36.74%-12.5pp

937.61%-913.3pp

22.88%+1.4pp

Employer contribution / active EE

$80

$776-89.7%

$2,724-97.1%

$3,239-97.5%

Participant deferral / active EE

$2,200

$1,942+13.3%

$4,444-50.5%

$5,455-59.7%

Admin fee / account holder

$95

$115-17.2%

$5,384-98.2%

$74+28.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 37 · EIN 04-2647786

Loan Processing

$508,136

JANNEY MONTGOMERY SCOTT LLC8 years

Service code 27 · EIN 23-0731260

Advisory (Plan)

$139,113

KEITER5 years

Service code 10 · EIN 54-1631262

Accounting

$36,137

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$35,943

CONTRACT EMPLOYEE RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONTRACT EMPLOYEE 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