Retirement plan

THE OGEECHEE GROUP, INC. 401 K PLAN

Name: THE OGEECHEE GROUP, INC. - THE OGEECHEE GROUP, INC. 401 K PLAN (2024) Form 5500
Creator: THE OGEECHEE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE OGEECHEE GROUP, INC. 401 K PLAN, THE OGEECHEE GROUP, INC.

THE OGEECHEE GROUP, INC.EIN 58-2498918Plan #001PY 2024

4524 OGEECHEE ROAD - SAVANNAH, GA 31405912-236-9333

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$20.1M

+20.0% from 2023

Total participants

1,016

+16.5% from 2023

Average account balance

$65,620

+8.3% from 2023

Annual return

17.11%

-6.31 pp from 2023

Benchmarks

See 1,035 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,035 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.15M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

307

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.

26.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.11M

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

+17.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$19,980
NWRPC LLC2 years Service code 13 413 29TH STREET NE · PUYALLUP, WA 98372	Contract Administrator	$12,916
MMLIS1 year Service code 55 1295 STATE STREET · SPRINGFIELD, MA 01111	Other Commissions	$12,630
NEWEDGE ADVISORS LLC1 year Filed as: NEW EDGE ADVISORS, LLC Service code 27 1251 WATERFRONT PL · PITTSBURGH, PA 15222	Advisory (Plan)	$11,053
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,351

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H2A

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$27K

$28 / participant

Contract admin$27K100.0%

% of EOY assets

0.135%

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: HOLLAND BROMLEY BARNHILL& BRETT LLP
Auditor EIN: 581941470
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,620

$65,960-0.5%

$81,844-19.8%

$77,736-15.6%

Participation rate

26.2%

65.8%-39.5pp

72.4%-46.2pp

70.6%-44.4pp

Annual return

17.11%

26.64%-9.5pp

778.87%-761.8pp

31.26%-14.2pp

Employer contribution / active EE

$312

$2,375-86.9%

$2,916-89.3%

$2,728-88.6%

Participant deferral / active EE

$1,881

$3,505-46.3%

$4,323-56.5%

$4,651-59.5%

Admin fee / account holder

$89

$526-83.2%

$7,355-98.8%

$433-79.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$19,980

NWRPC LLC2 years

Service code 13

413 29TH STREET NE · PUYALLUP, WA 98372

Contract Administrator

$12,916

MMLIS1 year

Service code 55

1295 STATE STREET · SPRINGFIELD, MA 01111

Other Commissions

$12,630

NEWEDGE ADVISORS LLC1 year

Filed as: NEW EDGE ADVISORS, LLC

Service code 27

1251 WATERFRONT PL · PITTSBURGH, PA 15222

Advisory (Plan)

$11,053

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,351

THE OGEECHEE GROUP, INC. 401 K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE OGEECHEE GROUP, INC. 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