Retirement plan

ENSERV, INC. 401(K) PROFIT SHARING PLAN

Name: ENSERV, INC. - ENSERV, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: ENSERV, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENSERV, INC. 401(K) PROFIT SHARING PLAN, ENSERV, INC.

ENSERV, INC.EIN 54-1879300Plan #002PY 2022

P.O. BOX 704 - LIGHTFOOT, VA 23090757-741-4041

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$23.8M

-27.6% from 2021

Total participants

106

-17.2% from 2021

Average account balance

$224,881

-12.6% from 2021

Annual return

-18.93%

-34.45 pp from 2021

Benchmarks

See 4,928 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,928 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.30M

Not enough data

1 years with asset history on file

Average account balance

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

$455K

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.

240.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$41K

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

+13.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71021

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 5 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY8+ years Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 26 · EIN 71-0294708	Advisory (Participants)	$64,406
KESTRA INVESTMENT SERVICES LLC2 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 52 · EIN 35-2552359 5707 SOUTHWEST PKWY BLDG 2 · AUSTIN, TX 78735	Indirect Investment Fees	$28,080
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Filed as: GALLAGHER BENEFIT SERVICES INC Service code 52 · EIN 36-4291971 1050 CROWN POINTE PKWY · ATLANTA, GA 30338	Indirect Investment Fees	$24,300
PURVIS GRAY1 year Service code 10 · EIN 33-3000333	Accounting	$14,000
DEFINITI LLC2 years Filed as: DEFINITI, LLC Service code 13 · EIN 85-0833363 2201 TIMBERLOCH PLACE · THE WOODLANDS, TX 77380	Contract Administrator	$6,351

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$86K

$1537 / participant

Contract admin$86K100.0%

% of EOY assets

0.361%

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: PURVIS GRAY AND COMPANY
Auditor EIN: 590548468
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$224,881

$45,872+390.2%

$77,100+191.7%

$68,490+228.3%

Participation rate

100.0%

55.9%+44.1pp

67.9%+32.1pp

Annual return

-18.93%

1.73%-20.7pp

42.35%-61.3pp

-7.85%-11.1pp

Employer contribution / active EE

$30,803

$1,650+1767.3%

$2,815+994.3%

$2,597+1086.2%

Participant deferral / active EE

$16,531

$2,963+457.9%

$4,430+273.2%

$4,028+310.4%

Admin fee / account holder

$812

$3,041-73.3%

$5,443-85.1%

$5,403-85.0%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY8+ years

Filed as: VOYA RETIREMENT INS AND ANNUITY CO

Service code 26 · EIN 71-0294708

Advisory (Participants)

$64,406

KESTRA INVESTMENT SERVICES LLC2 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 52 · EIN 35-2552359

5707 SOUTHWEST PKWY BLDG 2 · AUSTIN, TX 78735

Indirect Investment Fees

$28,080

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Filed as: GALLAGHER BENEFIT SERVICES INC

Service code 52 · EIN 36-4291971

1050 CROWN POINTE PKWY · ATLANTA, GA 30338

Indirect Investment Fees

$24,300

PURVIS GRAY1 year

Service code 10 · EIN 33-3000333

Accounting

$14,000

DEFINITI LLC2 years

Filed as: DEFINITI, LLC

Service code 13 · EIN 85-0833363

2201 TIMBERLOCH PLACE · THE WOODLANDS, TX 77380

Contract Administrator

$6,351

ENSERV, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENSERV, INC. 401(K) PROFIT SHARING 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