Retirement plan

AMPLIFY HR MANAGEMENT RETIREMENT SAVINGS PLAN

Name: AMPLIFY HR MANAGEMENT - AMPLIFY HR MANAGEMENT RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: AMPLIFY HR MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMPLIFY HR MANAGEMENT RETIREMENT SAVINGS PLAN, AMPLIFY HR MANAGEMENT

AMPLIFY HR MANAGEMENTEIN 82-1671832Plan #001PY 2022

1033 SKOKIE BLVD, SUITE 430 - NORTHBROOK, IL 60062720-432-5900amplifyhrm.comLinkedIn51-200 employeeshuman resources

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$114.6M

+18.5% from 2021

Total participants

3,739

+48.4% from 2021

Average account balance

$42,312

-13.7% from 2021

Annual return

10.82%

-37.71 pp from 2021

Benchmarks

See 336 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort336 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$244.06M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

4,492

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.

66.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+37.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$324

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
SLAVIC INTEGRATED ADMINISTRATION4 years Service code 15 · EIN 65-0608221	Recordkeeping	$525,340
AMPLIFY HR MANAGEMENT4 years Service code 14 · EIN 82-1671832	Plan Administrator	$120,334
SLAVIC INTEGRATED ADMINISTRATION3 years Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP Service code 28 · EIN 59-2749576	Investment Management	$75,937

Plan features & details

Pension benefit codes2E2F2G2L2K2T

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

3 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$722K

$263 / participant

Investment mgmt$76K10.5%
Contract admin$646K89.5%

% of EOY assets

0.630%

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: SKIBBIE CPA, INC
Auditor EIN: 270851321
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,312

$37,418+13.1%

$77,096-45.1%

$77,906-45.7%

Participation rate

62.5%

46.9%+15.5pp

67.9%-5.5pp

73.7%-11.2pp

Annual return

10.82%

-7.13%+17.9pp

42.35%-31.5pp

12.16%-1.3pp

Employer contribution / active EE

$1,528

$1,200+27.4%

$2,814-45.7%

$2,846-46.3%

Participant deferral / active EE

$4,396

$2,572+70.9%

$4,429-0.8%

$4,805-8.5%

Admin fee / account holder

$266

$126+111.3%

$5,428-95.1%

$133+100.9%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION4 years

Service code 15 · EIN 65-0608221

Recordkeeping

$525,340

AMPLIFY HR MANAGEMENT4 years

Service code 14 · EIN 82-1671832

Plan Administrator

$120,334

SLAVIC INTEGRATED ADMINISTRATION3 years

Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP

Service code 28 · EIN 59-2749576

Investment Management

$75,937

AMPLIFY HR MANAGEMENT RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMPLIFY HR MANAGEMENT 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