Retirement plan

MARSH SALDANA, INC. SALARY SAVINGS PLAN

Name: MARSH SALDANA, INC. - MARSH SALDANA, INC. SALARY SAVINGS PLAN (2021) Form 5500
Creator: MARSH SALDANA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARSH SALDANA, INC. SALARY SAVINGS PLAN, MARSH SALDANA, INC.

MARSH SALDANA, INC.EIN 66-0307769Plan #001PY 2021

CITY VIEW PLAZA SUITE 700, # 48 ROAD 165 KM 1.2 - GUAYNABO, PR 00968787-721-2600

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.8M

+5.4% from 2020

Total participants

163

+0.6% from 2020

Average account balance

$115,264

+1.8% from 2020

Annual return

14.06%

+4.90 pp from 2020

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.78M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

133

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$746K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1007

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 3 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC5 years Filed as: RESOURCES INVESTMENT ADVISORS Service code 27 4860 COLLEGE BLVD STE 100 · LEAWOOD, KS 66211	Advisory (Plan)	$108,939
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$22,580
A & A EMPLOYEE BENEFITS CONSULTING7+ years Service code 13 PO BOX 13928 · SAN JUAN, PR 00908	Contract Administrator	$10,000

Plan features & details

Pension benefit codes2E2F2G2J3C

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$131K

$1226 / participant

Other / not subdivided$131K100.0%

% of EOY assets

0.779%

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: RS & ASSOC PSC
Auditor EIN: 660579838
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,264

$121,341-5.0%

$189,537-39.2%

$79,391+45.2%

Participation rate

84.1%

86.1%-2.0pp

87.8%-3.7pp

70.7%+13.4pp

Annual return

14.06%

21.08%-7.0pp

555.34%-541.3pp

116.88%-102.8pp

Employer contribution / active EE

$2,750

$3,915-29.7%

$6,161-55.4%

$2,428+13.3%

Participant deferral / active EE

$4,579

$6,395-28.4%

$8,220-44.3%

$4,046+13.2%

Admin fee / account holder

$898

$651+37.9%

$12,048-92.5%

$627+43.4%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC5 years

Filed as: RESOURCES INVESTMENT ADVISORS

Service code 27

4860 COLLEGE BLVD STE 100 · LEAWOOD, KS 66211

Advisory (Plan)

$108,939

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$22,580

A & A EMPLOYEE BENEFITS CONSULTING7+ years

Service code 13

PO BOX 13928 · SAN JUAN, PR 00908

Contract Administrator

$10,000

MARSH SALDANA, INC. SALARY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARSH SALDANA, INC. SALARY SAVINGS 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