Retirement plan

DRAFTPROS 401(K) PLAN

Name: DRAFTPROS, LLC DBA DRAFTPROS, INC. - DRAFTPROS 401(K) PLAN (2020) Form 5500
Creator: DRAFTPROS, LLC DBA DRAFTPROS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DRAFTPROS 401(K) PLAN, DRAFTPROS, LLC DBA DRAFTPROS, INC.

DRAFTPROS, LLC DBA DRAFTPROS, INC.EIN 61-1795374Plan #001PY 2020

14160 PALMETTO FRONTAGE RD, STE 31 - MIAMI LAKES, FL 33016786-641-5131draftpros.comLinkedIn201-500 employeestelecommunications

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$1M

+38.6% from 2019

Total participants

198

+6.5% from 2019

Average account balance

$8,395

+65.8% from 2019

Annual return

20.94%

-27.62 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$36K

$264 / participant

Contract admin$36K100.0%

% of EOY assets

3.503%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: VERDEJA, DE ARMAS, AND TRUJILLO LLP
Auditor EIN: 204989621
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,395

$69,383-87.9%

$101,271-91.7%

$73,493-88.6%

Participation rate

44.1%

68.4%-24.3pp

75.8%-31.7pp

70.7%-26.6pp

Annual return

20.94%

18.46%+2.5pp

46.48%-25.5pp

28.51%-7.6pp

Employer contribution / active EE

$1,397

$2,628-46.8%

$3,660-61.8%

$2,270-38.4%

Participant deferral / active EE

$1,511

$3,301-54.2%

$4,371-65.4%

$3,740-59.6%

Admin fee / account holder

$294

$704-58.2%

$5,948-95.1%

$513-42.7%

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