Retirement plan

CONCORD, USA, LLC 401(K) PLAN

Name: CONCORD, USA, LLC - CONCORD, USA, LLC 401(K) PLAN (2024) Form 5500
Creator: CONCORD, USA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONCORD, USA, LLC 401(K) PLAN, CONCORD, USA, LLC

CONCORD, USA, LLCEIN 56-2334885Plan #001PY 2024

509 2ND AVENUE SOUTH - HOPKINS, MN 55343952-241-1090concordusa.comLinkedIn1001-5000 employeesinformation technology and services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$18.9M

+8.7% from 2023

Total participants

427

-3.2% from 2023

Average account balance

$45,224

+11.1% from 2023

Annual return

13.24%

-80.05 pp from 2023

Benchmarks

See 3,307 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,307 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.86M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

417

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$419

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 5 by compensation

Provider	Service type	Compensation
CONCORDE ASSET MANAGEMENT10+ years Service code 99 19500 VICTOR PKWY · LIVONIA, MI 48152	Other Fees	$93,613
THE FINWAY GROUP10+ years Service code 13 · EIN 42-1468222 5625 MILLS CIVIC PARKWAY SUITE 101 · WEST DES MOINES, IA 50266	Contract Administrator	$35,281
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$31,452
WORLD INVESTMENT ADVISORS LLC1 year Service code 27 24 E COTA ST · SANTA BARBARA, CA 93101	Advisory (Plan)	$18,070
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$5,201

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$175K

$654 / participant

Contract admin$175K100.0%

% of EOY assets

0.926%

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: REDPATH AND COMPANY, LLC
Auditor EIN: 920370318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,224

$106,164-57.4%

$147,041-69.2%

$77,692-41.8%

Participation rate

96.3%

78.4%+17.9pp

82.2%+14.1pp

70.6%+25.7pp

Annual return

13.24%

56.81%-43.6pp

419.21%-406.0pp

31.25%-18.0pp

Employer contribution / active EE

$1,798

$4,066-55.8%

$4,935-63.6%

$2,726-34.0%

Participant deferral / active EE

$10,036

$7,993+25.5%

$8,071+24.3%

$4,648+115.9%

Admin fee / account holder

$419

$338+23.9%

$13,006-96.8%

$431-2.7%

Provider

Service type

Compensation

CONCORDE ASSET MANAGEMENT10+ years

Service code 99

19500 VICTOR PKWY · LIVONIA, MI 48152

Other Fees

$93,613

THE FINWAY GROUP10+ years

Service code 13 · EIN 42-1468222

5625 MILLS CIVIC PARKWAY SUITE 101 · WEST DES MOINES, IA 50266

Contract Administrator

$35,281

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$31,452

WORLD INVESTMENT ADVISORS LLC1 year

Service code 27

24 E COTA ST · SANTA BARBARA, CA 93101

Advisory (Plan)

$18,070

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$5,201

CONCORD, USA, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONCORD, USA, LLC 401(K) 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