Retirement plan

BADILLO SAATCHI & SAATCHI, INC. EMPLOYEES SAVINGS PLAN

Name: BADILLO SAATCHI & SAATCHI, INC. - BADILLO SAATCHI & SAATCHI, INC. EMPLOYEES SAVINGS PLAN (2023) Form 5500
Creator: BADILLO SAATCHI & SAATCHI, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BADILLO SAATCHI & SAATCHI, INC. EMPLOYEES SAVINGS PLAN, BADILLO SAATCHI & SAATCHI, INC.

BADILLO SAATCHI & SAATCHI, INC.EIN 66-0503707Plan #002PY 2023

PO BOX 11905, CAPARRA HEIGHT STATION - SAN JUAN, PR 009140212787-822-1037

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.7M

+16.2% from 2022

Total participants

181

+2.3% from 2022

Average account balance

$62,410

+8.0% from 2022

Annual return

15.50%

+20.02 pp from 2022

Benchmarks

See 28,703 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.06M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

168

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.

86.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$488K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$498

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 4 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL GROUP LLC6 years Service code 27 12671 HIGH BLUFF DRIVE STE 200 · SAN DIEGO, CA 92130	Advisory (Plan)	$43,556
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWERADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$15,479
A & A EMPLOYEE BENEFITS CONSULTING6 years Service code 13 PO BOX 13928 · SAN JUAN, PR 00908	Contract Administrator	$4,840
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

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

$58K

$654 / participant

Other / not subdivided$58K100.0%

% of EOY assets

0.545%

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: FALCON SANCHEZ & ASSOCIATES PSC
Auditor EIN: 660585022
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,410

$93,617-33.3%

$135,982-54.1%

$75,177-17.0%

Participation rate

88.8%

75.2%+13.6pp

81.9%+6.8pp

67.2%+21.6pp

Annual return

15.50%

30.89%-15.4pp

68.32%-52.8pp

160.75%-145.3pp

Employer contribution / active EE

$2,294

$3,538-35.2%

$4,859-52.8%

$2,671-14.1%

Participant deferral / active EE

$2,860

$6,406-55.4%

$7,760-63.1%

$4,126-30.7%

Admin fee / account holder

$340

$6,980-95.1%

$10,767-96.8%

$5,651-94.0%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL GROUP LLC6 years

Service code 27

12671 HIGH BLUFF DRIVE STE 200 · SAN DIEGO, CA 92130

Advisory (Plan)

$43,556

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWERADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$15,479

A & A EMPLOYEE BENEFITS CONSULTING6 years

Service code 13

PO BOX 13928 · SAN JUAN, PR 00908

Contract Administrator

$4,840

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

BADILLO SAATCHI & SAATCHI, INC. EMPLOYEES SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BADILLO SAATCHI & SAATCHI, INC. EMPLOYEES 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