Retirement plan

THE SAXTON GROUP 401(K) PLAN

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

THE SAXTON GROUP, LLCEIN 64-0802679Plan #001PY 2020

7859 WALNUT HILL LANE, SUITE 375 - DALLAS, TX 75230214-373-3400saxtongroup.comLinkedIn1001-5000 employeesrestaurants

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.8M

+16.4% from 2019

Total participants

795

-6.4% from 2019

Average account balance

$32,245

+55.2% from 2019

Annual return

12.74%

-10.07 pp from 2019

Benchmarks

See 690 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort690 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.32M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

266

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.

8.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$862K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$439

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

+12.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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 2 by compensation

Provider	Service type	Compensation
BETTERMENT FOR BUSINESS, LLC4 years Filed as: BETTERMENT FOR BUSINESS Service code 15 61 WEST 23RD STREET · NEW YORK, NY 10010	Recordkeeping	$39,527
TAG RESOURCES, LLC2 years Service code 15 · EIN 62-1874769	Recordkeeping	$9,563

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T

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.
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.
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

$49K

$67 / participant

Contract admin$49K100.0%

% of EOY assets

0.846%

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: COULTER & JUSTUS
Auditor EIN: 621532536
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,245

$29,369+9.8%

$77,552-58.4%

$73,412-56.1%

Participation rate

15.6%

37.9%-22.3pp

54.2%-38.6pp

72.2%-56.5pp

Annual return

12.74%

358.15%-345.4pp

54.82%-42.1pp

59.30%-46.6pp

Employer contribution / active EE

$344

$406-15.2%

$987-65.1%

$2,234-84.6%

Participant deferral / active EE

$501

$941-46.7%

$1,861-73.1%

$3,806-86.8%

Admin fee / account holder

$273

$123+122.2%

$2,859-90.5%

$158+72.7%

Provider

Service type

Compensation

BETTERMENT FOR BUSINESS, LLC4 years

Filed as: BETTERMENT FOR BUSINESS

Service code 15

61 WEST 23RD STREET · NEW YORK, NY 10010

Recordkeeping

$39,527

TAG RESOURCES, LLC2 years

Service code 15 · EIN 62-1874769

Recordkeeping

$9,563

THE SAXTON GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SAXTON 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