Retirement plan

EUSTIS MORTGAGE CORPORATION INCENTIVE RETIREMENT PLAN

Name: EUSTIS MORTGAGE CORPORATION - EUSTIS MORTGAGE CORPORATION INCENTIVE RETIREMENT PLAN (2024) Form 5500
Creator: EUSTIS MORTGAGE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EUSTIS MORTGAGE CORPORATION INCENTIVE RETIREMENT PLAN, EUSTIS MORTGAGE CORPORATION

EUSTIS MORTGAGE CORPORATIONEIN 72-0484657Plan #001PY 2024

1477 LOUISIANA AVE SUITE 101 - NEW ORLEANS, LA 70115504-586-0075eustismortgage.comLinkedIn51-200 employeesfinancial services

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$10.3M

-5.1% from 2023

Total participants

215

+3.9% from 2023

Average account balance

$48,702

-7.8% from 2023

Annual return

13.25%

-5.19 pp from 2023

Benchmarks

See 2,180 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,180 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$11.48M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

202

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+18.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
RICHEY MAY & CO LLP3 years Filed as: RICHEY, MAY & CO., LLP Service code 10 · EIN 71-0911208	Accounting	$13,450
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL INVESTMENT MGT., Service code 28 · EIN 36-3429599	Investment Management	$7,614
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY WORKPLACE SERVICES LLC Service code 14 · EIN 04-3532603	Plan Administrator	$3,040

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$27K

$194 / participant

Recordkeeping$3K11.3%
Investment mgmt$10K38.7%
Other / not subdivided$13K50.0%

% of EOY assets

0.262%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: RICHEY MAY & CO., LLP
Auditor EIN: 710911208
Audit fees: $13,450
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,702

$122,239-60.2%

$184,203-73.6%

$74,495-34.6%

Participation rate

97.1%

85.5%+11.6pp

86.8%+10.3pp

67.2%+29.9pp

Annual return

13.25%

19.95%-6.7pp

28.81%-15.6pp

1364.94%-1351.7pp

Employer contribution / active EE

$1,571

$4,537-65.4%

$6,427-75.6%

$2,623-40.1%

Participant deferral / active EE

$6,988

$7,139-2.1%

$9,131-23.5%

$4,346+60.8%

Admin fee / account holder

$127

$1,260-89.9%

$13,901-99.1%

$1,942-93.4%

Provider

Service type

Compensation

RICHEY MAY & CO LLP3 years

Filed as: RICHEY, MAY & CO., LLP

Service code 10 · EIN 71-0911208

Accounting

$13,450

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL INVESTMENT MGT.,

Service code 28 · EIN 36-3429599

Investment Management

$7,614

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY WORKPLACE SERVICES LLC

Service code 14 · EIN 04-3532603

Plan Administrator

$3,040

EUSTIS MORTGAGE CORPORATION INCENTIVE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EUSTIS MORTGAGE CORPORATION INCENTIVE RETIREMENT 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