Retirement plan

ENGRAIN 401(K) PLAN

Name: ENGRAIN, INC. - ENGRAIN 401(K) PLAN (2023) Form 5500
Creator: ENGRAIN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENGRAIN 401(K) PLAN, ENGRAIN, INC.

ENGRAIN, INC.EIN 81-0873910Plan #001PY 2023

5660 GREENWOOD PLAZA BLVD., STE 350 - GREENWOOOD VILLAGE, CO 80111303-468-8660engrain.comLinkedIn51-200 employeescomputer software

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.5M

+58.5% from 2022

Total participants

189

-2.1% from 2022

Average account balance

$26,352

+54.9% from 2022

Annual return

27.14%

+52.55 pp from 2022

Benchmarks

See 1,068 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,068 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.46M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

143

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.

62.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+32.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EDWARD D. JONES & CO Service code 26 · EIN 43-0345811	Advisory (Participants)	$13,882
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Service code 15 · EIN 01-0233346	Recordkeeping	$1,876
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ASSOCIATES INC(USA) Service code 26 · EIN 95-2755361	Advisory (Participants)	$555

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

$26K

$185 / participant

Investment mgmt$14K55.3%
Contract admin$12K44.6%
Other / not subdivided$90.0%

% of EOY assets

0.750%

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: BROCK AND COMPANY CPAS P.C.
Auditor EIN: 840930288
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,352

$65,428-59.7%

$169,390-84.4%

$71,511-63.2%

Participation rate

59.6%

66.9%-7.3pp

77.2%-17.6pp

67.9%-8.4pp

Annual return

27.14%

21.35%+5.8pp

406.07%-378.9pp

28.86%-1.7pp

Employer contribution / active EE

$2,383

$2,064+15.4%

$4,013-40.6%

$2,589-8.0%

Participant deferral / active EE

$4,333

$4,360-0.6%

$6,222-30.4%

$4,291+1.0%

Admin fee / account holder

$198

$1,328-85.1%

$9,015-97.8%

$1,588-87.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EDWARD D. JONES & CO

Service code 26 · EIN 43-0345811

Advisory (Participants)

$13,882

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Service code 15 · EIN 01-0233346

Recordkeeping

$1,876

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ASSOCIATES INC(USA)

Service code 26 · EIN 95-2755361

Advisory (Participants)

$555

ENGRAIN 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENGRAIN 401(K) 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