Retirement plan

HR1 401K SAVINGS PLAN

HR1EIN 58-2055210Plan #333PY 2021

2030 POWERS FERRY ROAD, SUITE 120 - ATLANTA, GA 30339770-541-7823

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.3M

+15.8% from 2020

Total participants

173

-4.9% from 2020

Average account balance

$71,640

+24.9% from 2020

Annual return

13.85%

-1.18 pp from 2020

Benchmarks

See 1,089 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,089 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.86M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$446K

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

+13.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6667

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$76,695
THE BENEFIT ADVANTAGE, INC.7+ years Service code 15 3497 AUBURN ROAD · AUBURN HILLS, MI 48326	Recordkeeping	$20,430
MAULDIN & JENKINS7+ years Filed as: MAULDIN & JENKINS CPA, LLC Service code 10 200 GALLERIA PARKWAY SE, STE 1700 · ATLANTA, GA 30339	Accounting	$14,950
IRON-CO-FID-COMPREHENSIVE2 years Service code 27 630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062	Advisory (Plan)	$4,732

Plan features & details

Pension benefit codes2A2E2F2G2J2K

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

1 tripped

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

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAULDIN & JENKINS, LLC
Auditor EIN: 580692043
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,640

$79,694-10.1%

$96,171-25.5%

$79,391-9.8%

Participation rate

43.7%

54.0%-10.3pp

68.4%-24.8pp

70.7%-27.1pp

Annual return

13.85%

40.84%-27.0pp

192.04%-178.2pp

116.88%-103.0pp

Employer contribution / active EE

$1,031

$1,443-28.5%

$2,799-63.2%

$2,428-57.5%

Participant deferral / active EE

$2,275

$2,539-10.4%

$4,350-47.7%

$4,046-43.8%

Admin fee / account holder

$630-100.0%

$5,538-100.0%

$627-100.0%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$76,695

THE BENEFIT ADVANTAGE, INC.7+ years

Service code 15

3497 AUBURN ROAD · AUBURN HILLS, MI 48326

Recordkeeping

$20,430

MAULDIN & JENKINS7+ years

Filed as: MAULDIN & JENKINS CPA, LLC

Service code 10

200 GALLERIA PARKWAY SE, STE 1700 · ATLANTA, GA 30339

Accounting

$14,950

IRON-CO-FID-COMPREHENSIVE2 years

Service code 27

630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062

Advisory (Plan)

$4,732

HR1 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HR1 401K SAVINGS 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