Retirement plan

ORION SOUTH, INC. PROFIT SHARING PLAN AND TRUST

Name: ORION SOUTH, INC. - ORION SOUTH, INC. PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: ORION SOUTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORION SOUTH, INC. PROFIT SHARING PLAN AND TRUST, ORION SOUTH, INC.

ORION SOUTH, INC.EIN 72-0485984Plan #002PY 2024

721 GOVERNOR NICHOLLS ST. - NEW ORLEANS, LA 70116504-256-8355LinkedIn11-50 employeesinformation technology and services

Prospect flagsLow returnsHigh feesWind-down / frozen

How to read this page

Total assets (EOY)

$4.8M

-75.4% from 2023

Total participants

-72.1% from 2023

Average account balance

$50,641

-14.9% from 2023

Annual return

-65.66%

-82.27 pp from 2023

Benchmarks

See 23,845 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.81M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$247K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-65.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$437

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
HANCOCK WHITNEY BANK6 years Service code 27 · EIN 64-0169065	Advisory (Plan)	$25,679
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$14,933

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H2E

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$42K

Recordkeeping$15K36.0%
Investment mgmt$26K61.9%
Other / not subdivided$8922.1%

% of EOY assets

0.863%

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: LEGLUE & COMPANY CPAS, LLC
Auditor EIN: 823898275
Audit fees: $893
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,641

$166,268-69.5%

$165,100-69.3%

$145,897-65.3%

Participation rate

0.0%

82.0%-82.0pp

78.6%-78.6pp

80.3%-80.3pp

Annual return

-65.66%

100.52%-166.2pp

70.21%-135.9pp

552.29%-618.0pp

Employer contribution / active EE

$5,284-100.0%

$4,348-100.0%

$4,663-100.0%

Participant deferral / active EE

$6,964-100.0%

$6,035-100.0%

$6,689-100.0%

Admin fee / account holder

$437

$16,659-97.4%

$12,696-96.6%

$13,390-96.7%

Provider

Service type

Compensation

HANCOCK WHITNEY BANK6 years

Service code 27 · EIN 64-0169065

Advisory (Plan)

$25,679

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$14,933

ORION SOUTH, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORION SOUTH, INC. PROFIT SHARING PLAN AND TRUST

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