Retirement plan

ENGINEERING AND INSPECTION SERVICES, LLC 401(K) PROFIT SHARING PLAN

Name: ENGINEERING AND INSPECTION SERVICES, LLC - ENGINEERING AND INSPECTION SERVICES, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: ENGINEERING AND INSPECTION SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENGINEERING AND INSPECTION SERVICES, LLC 401(K) PROFIT SHARING PLAN, ENGINEERING AND INSPECTION SERVICES, LLC

ENGINEERING AND INSPECTION SERVICES, LLCEIN 72-1489005Plan #001PY 2022

3900 N. CAUSEWAY BLVD, SUITE 1350 - METAIRIE, LA 70002504-837-3310eisllc.netLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$9M

-8.2% from 2021

Total participants

192

+35.2% from 2021

Average account balance

$57,456

-30.4% from 2021

Annual return

-18.66%

-31.43 pp from 2021

Benchmarks

See 5,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,991 peers

Snapshot2022

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.94M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

165

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.

75.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.57M

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

+18.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200

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.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES3 years Service code 26 880 CARILLON PKWY · SAINT PETERSBURG, FL 33716	Advisory (Participants)	$26,935
NATIONWIDE3 years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$26,162
ASCENSUS LLC2 years Filed as: RETIREMENT STRATEGIES GROUP, LLC Service code 10 800 WEST COMMERCE ROAD · NEW ORLEANS, LA 70123	Accounting	$10,676
HANNIS T. BOURGEOIS, LLP1 year Filed as: HANNIS T BOURGEOIS Service code 10 650 POYDRAS STREET, SUITE 1200 · NEW ORLEANS, LA 70130	Accounting	$9,500

Plan features & details

Pension benefit codes2A2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$355 / participant

Contract admin$54K100.0%

% of EOY assets

0.602%

all-in expense ratio

Categories reported

1 / 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: HANNIS T. BOURGEOIS
Auditor EIN: 720636725
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,456

$84,487-32.0%

$125,339-54.2%

$66,914-14.1%

Participation rate

77.1%

76.4%+0.7pp

82.4%-5.2pp

69.8%+7.3pp

Annual return

-18.66%

-8.39%-10.3pp

572.05%-590.7pp

1.58%-20.2pp

Employer contribution / active EE

$2,545

$3,553-28.4%

$4,814-47.1%

$2,5440%

Participant deferral / active EE

$6,869

$6,781+1.3%

$7,446-7.8%

$4,237+62.1%

Admin fee / account holder

$346

$685-49.5%

$10,010-96.5%

$593-41.7%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES3 years

Service code 26

880 CARILLON PKWY · SAINT PETERSBURG, FL 33716

Advisory (Participants)

$26,935

NATIONWIDE3 years

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$26,162

ASCENSUS LLC2 years

Filed as: RETIREMENT STRATEGIES GROUP, LLC

Service code 10

800 WEST COMMERCE ROAD · NEW ORLEANS, LA 70123

Accounting

$10,676

HANNIS T. BOURGEOIS, LLP1 year

Filed as: HANNIS T BOURGEOIS

Service code 10

650 POYDRAS STREET, SUITE 1200 · NEW ORLEANS, LA 70130

Accounting

$9,500

ENGINEERING AND INSPECTION SERVICES, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENGINEERING AND INSPECTION SERVICES, LLC 401(K) PROFIT SHARING 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