Retirement plan

THE SOURCING GROUP PROFIT SHARING 401(K) PLAN AND TRUST

Name: THE SOURCING GROUP - THE SOURCING GROUP PROFIT SHARING 401(K) PLAN AND TRUST (2024) Form 5500
Creator: THE SOURCING GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SOURCING GROUP PROFIT SHARING 401(K) PLAN AND TRUST, THE SOURCING GROUP

THE SOURCING GROUPEIN 80-0101793Plan #001PY 2024

92 ARGONAUT, SUITE 215 - ALISO VIEJO, CA 92656949-278-5744thesourcinggroup.comLinkedIn201-500 employeesprinting

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$11.4M

+51.2% from 2023

Total participants

246

+2.9% from 2023

Average account balance

$78,314

+63.7% from 2023

Annual return

51.50%

+28.19 pp from 2023

Benchmarks

See 6,280 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,280 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.36M

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.

145

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.

56.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.14M

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

+51.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$50

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 5 by compensation

Provider	Service type	Compensation
MORNINGSTAR6 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-3297908	Advisory (Participants)	$1,364
MORNINGSTAR6 years Service code 27	Advisory (Plan)	$0
HICKS PENSION SERVICES3 years Filed as: QUALIFIED SERVICES DBA HICKS PENSIO Service code 49 · EIN 77-0155091	Other Services	$0
HICKS PENSION SERVICES4 years Filed as: QUALIFIED SERVICES INC DBA HICKS PE Service code 49	Other Services	$0
VOYA RETIREMENT INSURANCE & ANNUITY6 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$7K

$31 / participant

Investment mgmt$1K16.8%
Contract admin$6K80.4%
Other / not subdivided$2002.8%

% of EOY assets

0.064%

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: RUSSON AND JOHNSTON CPAS
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,314

$101,653-23.0%

$147,080-46.8%

$74,459+5.2%

Participation rate

56.3%

75.6%-19.3pp

82.2%-25.9pp

67.2%-10.9pp

Annual return

51.50%

8754.98%-8703.5pp

420.17%-368.7pp

1369.70%-1318.2pp

Employer contribution / active EE

$3,813-100.0%

$4,933-100.0%

$2,626-100.0%

Participant deferral / active EE

$4,946

$7,304-32.3%

$8,066-38.7%

$4,350+13.7%

Admin fee / account holder

$50

$1,752-97.2%

$12,989-99.6%

$1,945-97.4%

Provider

Service type

Compensation

MORNINGSTAR6 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-3297908

Advisory (Participants)

$1,364

MORNINGSTAR6 years

Service code 27

Advisory (Plan)

HICKS PENSION SERVICES3 years

Filed as: QUALIFIED SERVICES DBA HICKS PENSIO

Service code 49 · EIN 77-0155091

Other Services

HICKS PENSION SERVICES4 years

Filed as: QUALIFIED SERVICES INC DBA HICKS PE

Service code 49

Other Services

VOYA RETIREMENT INSURANCE & ANNUITY6 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

THE SOURCING GROUP PROFIT SHARING 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SOURCING GROUP PROFIT SHARING 401(K) 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