Retirement plan

ESS RETIREMENT SAVINGS PLAN

Name: EMPLOYER SUPPORT SERVICES - ESS RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: EMPLOYER SUPPORT SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ESS RETIREMENT SAVINGS PLAN, EMPLOYER SUPPORT SERVICES

EMPLOYER SUPPORT SERVICESEIN 72-1311962Plan #333PY 2023

8530 ANSELMO LANE - BATON ROUGE, LA 70810225-766-2622employersupport.comLinkedIn11-50 employeeshuman resources

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.2M

+28.0% from 2022

Total participants

406

+31.4% from 2022

Average account balance

$39,817

+7.1% from 2022

Annual return

24.32%

+24.32 pp from 2022

Benchmarks

See 820 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort820 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.23M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

258

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.

56.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$983K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-1

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 1 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS2+ years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$11,560

Plan features & details

Pension benefit codes2E2G2J2K2T2W

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$14K

$39 / participant

Recordkeeping$11K79.4%
Other / not subdivided$3K20.6%

% of EOY assets

0.134%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERICKSEN KRENTEL LLP
Auditor EIN: 720549733
Audit fees: $19,450
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,817

$40,435-1.5%

$80,627-50.6%

$74,460-46.5%

Participation rate

58.0%

47.4%+10.6pp

67.0%-9.0pp

70.7%-12.7pp

Annual return

24.32%

165.19%-140.9pp

936.76%-912.4pp

34.38%-10.1pp

Employer contribution / active EE

$325

$1,498-78.3%

$2,723-88.1%

$2,638-87.7%

Participant deferral / active EE

$1,545

$2,673-42.2%

$4,443-65.2%

$4,530-65.9%

Admin fee / account holder

$53

$721-92.6%

$5,381-99.0%

$348-84.6%

Provider

Service type

Compensation

AMERICAN FUNDS2+ years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$11,560

ESS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ESS RETIREMENT 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