Retirement plan

ORANGE GROUP 401(K) PLAN

Name: ORANGE BUSINESS SERVICES - ORANGE GROUP 401(K) PLAN (2022) Form 5500
Creator: ORANGE BUSINESS SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORANGE GROUP 401(K) PLAN, ORANGE BUSINESS SERVICES

ORANGE BUSINESS SERVICESEIN 58-2261454Plan #001PY 2022

13865 SUNRISE VALLEY DRIVE, SUITE 425 - HERNDON, VA 20171631-468-5826LinkedIn1-10 employeesinformation services

Other plans on this EIN

1 filing

#002Retirement-$6.9M assets

Prospect flagsLow returnsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$407.3M

-3.8% from 2016

Total participants

1,360

+3.6% from 2016

Average account balance

$308,526

-7.7% from 2016

Annual return

-20.81%

-5.05 pp from 2016

Benchmarks

See 605 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort605 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$473.83M

Not enough data

1 years with asset history on file

Average account balance

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

$381K

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.

1,245

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$559

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 6 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES5 years Service code 26 1050 ENTERPRISE WAY · SUNNYVALE, CA 94089	Advisory (Participants)	$139,581
MERCER8+ years Service code 16 PO BOX 13793 · DALLAS, TX 75373	Consulting	$125,906
TROUTMAN SANDERS LLP8+ years Service code 29 PO BOX 933652 · ATLANTA, GA 31193	Legal	$124,106
T ROWE PRICE RPS INC8+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$76,552
CITRIN COOPERMAN7 years Service code 10 529 FIFTH AVENUE · NEW YORK, NY 10017	Accounting	$62,000
MICHAEL F. YATES & COMPANY, INC.5 years Filed as: MICHAEL BERG CONSULTING, LLC Service code 16 11604 FAIRFAX STATION ROAD · FAIRFAX STATION, VA 22039	Consulting	$9,956

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
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.
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

4 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$696K

$1268 / participant

Investment mgmt$140K20.1%
Other / not subdivided$556K79.9%

% of EOY assets

0.171%

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: CITRIN COOPERMAN AND COMPANY LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$308,526

$64,612+377.5%

$86,460+256.8%

$64,829+375.9%

Participation rate

92.7%

81.5%+11.2pp

80.3%+12.4pp

71.5%+21.2pp

Annual return

-20.81%

0.66%-21.5pp

4399.82%-4420.6pp

32.85%-53.7pp

Employer contribution / active EE

$3,844

$2,744+40.1%

$3,771+1.9%

$2,507+53.3%

Participant deferral / active EE

$12,265

$7,497+63.6%

$6,954+76.4%

$4,312+184.5%

Admin fee / account holder

$527

$169+211.9%

$6,727-92.2%

$188+180.7%

Provider

Service type

Compensation

FINANCIAL ENGINES5 years

Service code 26

1050 ENTERPRISE WAY · SUNNYVALE, CA 94089

Advisory (Participants)

$139,581

MERCER8+ years

Service code 16

PO BOX 13793 · DALLAS, TX 75373

Consulting

$125,906

TROUTMAN SANDERS LLP8+ years

Service code 29

PO BOX 933652 · ATLANTA, GA 31193

Legal

$124,106

T ROWE PRICE RPS INC8+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$76,552

CITRIN COOPERMAN7 years

Service code 10

529 FIFTH AVENUE · NEW YORK, NY 10017

Accounting

$62,000

MICHAEL F. YATES & COMPANY, INC.5 years

Filed as: MICHAEL BERG CONSULTING, LLC

Service code 16

11604 FAIRFAX STATION ROAD · FAIRFAX STATION, VA 22039

Consulting

$9,956

ORANGE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORANGE GROUP 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