Retirement plan

EARL SWENSSON ASSOCIATES, INC. SAVINGS &

Name: EARL SWENSSON ASSOCIATES, INC. - EARL SWENSSON ASSOCIATES, INC. SAVINGS & (2022) Form 5500
Creator: EARL SWENSSON ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EARL SWENSSON ASSOCIATES, INC. SAVINGS &, EARL SWENSSON ASSOCIATES, INC.

EARL SWENSSON ASSOCIATES, INC.EIN 62-0897652Plan #001PY 2022

1033 DEMONBRUEN STREET SUITE 800 - NASHVILLE, TN 372034461615-329-9445

Prospect flagsHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$71.2M

-16.9% from 2021

Total participants

244

+6.1% from 2021

Average account balance

$297,955

-20.1% from 2021

Annual return

-16.66%

-33.20 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$87.94M

Not enough data

1 years with asset history on file

Average account balance

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

$324K

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.

271

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+14.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44

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 1 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY4 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$11,490

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

2 tripped

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

$11K

$62 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.016%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MULLINS CLEMMONS & MAYES, PLLC
Auditor EIN: 621409003
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$297,955

$84,499+252.6%

$125,391+137.6%

$66,949+345.1%

Participation rate

97.3%

76.4%+20.9pp

82.4%+14.9pp

69.8%+27.5pp

Annual return

-16.66%

-8.49%-8.2pp

572.41%-589.1pp

1.57%-18.2pp

Employer contribution / active EE

$13,895

$3,554+291.0%

$4,816+188.5%

$2,545+445.9%

Participant deferral / active EE

$10,294

$6,785+51.7%

$7,448+38.2%

$4,239+142.8%

Admin fee / account holder

$48

$685-93.0%

$10,009-99.5%

$594-91.9%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY4 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$11,490

EARL SWENSSON ASSOCIATES, INC. SAVINGS &

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EARL SWENSSON ASSOCIATES, INC. SAVINGS &

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