Retirement plan

OASIS RETIREMENT SAVINGS PLAN

Name: OASIS OUTSOURCING HOLDINGS, INC. AND ITS AFFILIATES - OASIS RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: OASIS OUTSOURCING HOLDINGS, INC. AND ITS AFFILIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OASIS RETIREMENT SAVINGS PLAN, OASIS OUTSOURCING HOLDINGS, INC. AND ITS AFFILIATES

OASIS OUTSOURCING HOLDINGS, INC. AND ITS AFFILIATESEIN 65-0731524Plan #333PY 2020

2054 VISTA PARKWAY - WEST PALM BEACH, FL 33411888-627-4735

Prospect flagsLow returnsLow participationFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed January 6, 2006 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1967.9M

+7.1% from 2019

Total participants

106,268

+3.1% from 2019

Average account balance

$31,508

+2.4% from 2019

Annual return

4.30%

-53.53 pp from 2019

Benchmarks

See 47 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort47 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.13B

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

67,765

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.

41.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$263.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+6.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
SLAVIC INTEGRATED ADMINISTRATION6+ years Service code 15 · EIN 65-0608221	Recordkeeping	$6,234,853
OASIS OUTSOURCING HOLDINGS, INC1 year Service code 14 · EIN 65-0731524	Plan Administrator	$416,320
REGIONS BANK6+ years Filed as: REGIONS Service code 16 P.O. BOX 12385 · BIRMINGHAM, AL 352022385	Consulting	$138,750
BKS RETIREMENT SERVICES1 year Filed as: BKS FINANCIAL INVESTMENTS, LLC Service code 26 25400 US 19 N., SUITE 204 · CLEARWATER, FL 33763	Advisory (Participants)	$53,125
SLAVIC INTEGRATED ADMINISTRATION1 year Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP Service code 28 · EIN 59-2749576	Investment Management	$47,087
MAYER HOFFMAN MCCANN P.C.6+ years Filed as: MAYER HOFFMAN MCCANN Service code 10 · EIN 43-1947695	Accounting	$37,000
FORRESTALL CPAS1 year Service code 10 5328 LANIER ISLANDS PARKWAY · BUFORD, GA 30518	Accounting	$21,658
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Service code 29 PO BOX 71396 · CHICAGO, IL 606941396	Legal	$5,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$7.0M

$93 / participant

Investment mgmt$239K3.4%
Contract admin$7M95.5%
Other / not subdivided$75K1.1%

% of EOY assets

0.354%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,508

$36,321-13.3%

$89,435-64.8%

$106,273-70.4%

Participation rate

41.7%

29.8%+11.9pp

68.0%-26.3pp

70.8%-29.1pp

Annual return

4.30%

24.00%-19.7pp

245.55%-241.3pp

21.70%-17.4pp

Employer contribution / active EE

$871

$507+71.9%

$2,587-66.3%

$2,722-68.0%

Participant deferral / active EE

$2,367

$1,286+84.0%

$3,890-39.2%

$4,601-48.6%

Admin fee / account holder

$112

$78+43.3%

$4,884-97.7%

$78+42.3%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION6+ years

Service code 15 · EIN 65-0608221

Recordkeeping

$6,234,853

OASIS OUTSOURCING HOLDINGS, INC1 year

Service code 14 · EIN 65-0731524

Plan Administrator

$416,320

REGIONS BANK6+ years

Filed as: REGIONS

Service code 16

P.O. BOX 12385 · BIRMINGHAM, AL 352022385

Consulting

$138,750

BKS RETIREMENT SERVICES1 year

Filed as: BKS FINANCIAL INVESTMENTS, LLC

Service code 26

25400 US 19 N., SUITE 204 · CLEARWATER, FL 33763

Advisory (Participants)

$53,125

SLAVIC INTEGRATED ADMINISTRATION1 year

Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP

Service code 28 · EIN 59-2749576

Investment Management

$47,087

MAYER HOFFMAN MCCANN P.C.6+ years

Filed as: MAYER HOFFMAN MCCANN

Service code 10 · EIN 43-1947695

Accounting

$37,000

FORRESTALL CPAS1 year

Service code 10

5328 LANIER ISLANDS PARKWAY · BUFORD, GA 30518

Accounting

$21,658

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Service code 29

PO BOX 71396 · CHICAGO, IL 606941396

Legal

$5,000

OASIS RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OASIS RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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