Retirement plan

DRAFTPROS 401(K) PLAN

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

DRAFTPROS, LLCEIN 61-1795374Plan #001PY 2024

14160 PALMETTO FRONTAGE RD., SUITE 31 - MIAMI LAKES, FL 33016786-358-7238draftpros.comLinkedIn201-500 employeestelecommunications

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.5M

+12.4% from 2023

Total participants

296

-10.0% from 2023

Average account balance

$70,437

+37.1% from 2023

Annual return

15.41%

-955.57 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.45M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

191

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$406

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$42,644
MERRILL LYNCH PIERCE FENNER & SMITH1 year Service code 27 1400 AMERICAN BLVD BLDG#4 · PENNINGTON, NJ 08534	Advisory (Plan)	$10,745
LWM ADVISORY SERVICES, LLC1 year Filed as: LWM ADVISORY SERVICESS LLC Service code 27 1250 S PINE ISLAND RD STE 350 · PLANTATION, FL 33324	Advisory (Plan)	$4,873
THE RETIREMENT ADVANTAGE INC1 year Service code 13 101 E GRAND AVENUE STE 16 · PORT WASHINGTON, WI 53074	Contract Administrator	$4,250
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	$3,262
ASCENSUS LLC1 year Filed as: DWC ERISA CONSULTANTS LLC Service code 13 PO BOX 241267 · ST PAUL, MN 55124	Contract Administrator	$1,385

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$78K

$369 / participant

Recordkeeping$7190.9%
Investment mgmt$69K89.3%
Contract admin$8K9.8%

% of EOY assets

0.577%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VERDEJA & ALVAREZ
Auditor EIN: 204989621
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,437

$101,672-30.7%

$147,117-52.1%

$74,478-5.4%

Participation rate

50.0%

75.5%-25.5pp

82.2%-32.2pp

67.2%-17.2pp

Annual return

15.41%

8757.83%-8742.4pp

420.54%-405.1pp

1370.56%-1355.2pp

Employer contribution / active EE

$1,979

$3,813-48.1%

$4,932-59.9%

$2,626-24.7%

Participant deferral / active EE

$3,944

$7,305-46.0%

$8,065-51.1%

$4,350-9.3%

Admin fee / account holder

$406

$1,753-76.8%

$12,993-96.9%

$1,946-79.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$42,644

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Service code 27

1400 AMERICAN BLVD BLDG#4 · PENNINGTON, NJ 08534

Advisory (Plan)

$10,745

LWM ADVISORY SERVICES, LLC1 year

Filed as: LWM ADVISORY SERVICESS LLC

Service code 27

1250 S PINE ISLAND RD STE 350 · PLANTATION, FL 33324

Advisory (Plan)

$4,873

THE RETIREMENT ADVANTAGE INC1 year

Service code 13

101 E GRAND AVENUE STE 16 · PORT WASHINGTON, WI 53074

Contract Administrator

$4,250

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

$3,262

ASCENSUS LLC1 year

Filed as: DWC ERISA CONSULTANTS LLC

Service code 13

PO BOX 241267 · ST PAUL, MN 55124

Contract Administrator

$1,385

DRAFTPROS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRAFTPROS 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