Retirement plan

SPAULDING RIDGE 401(K) PLAN

Name: SPAULDING RIDGE LLC - SPAULDING RIDGE 401(K) PLAN (2022) Form 5500
Creator: SPAULDING RIDGE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPAULDING RIDGE 401(K) PLAN, SPAULDING RIDGE LLC

SPAULDING RIDGE LLCEIN 82-3908182Plan #001PY 2022

203 NORTH LASALLE STREET, SUITE 2300 - CHICAGO, IL 60601877-909-3390spauldingridge.comLinkedIn501-1000 employeesmanagement consulting

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.3M

+13.7% from 2021

Total participants

338

+14.2% from 2021

Average account balance

$33,507

-1.5% from 2021

Annual return

-18.34%

-69.23 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.78M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

412

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+26.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH Service code 27 1400 AMERICAN BLVD · PENNINGTON, NJ 08534	Advisory (Plan)	$32,146

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$36K

$154 / participant

Investment mgmt$32K88.3%
Contract admin$4K11.7%

% of EOY assets

0.322%

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: BAKER TILLY US, LLP
Auditor EIN: 360859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,507

$84,499-60.3%

$125,391-73.3%

$66,949-50.0%

Participation rate

99.6%

76.4%+23.2pp

82.4%+17.2pp

69.8%+29.8pp

Annual return

-18.34%

-8.49%-9.8pp

572.41%-590.8pp

1.57%-19.9pp

Employer contribution / active EE

$6,182

$3,554+74.0%

$4,816+28.4%

$2,545+142.9%

Participant deferral / active EE

$12,670

$6,785+86.7%

$7,448+70.1%

$4,239+198.9%

Admin fee / account holder

$108

$685-84.2%

$10,009-98.9%

$594-81.8%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH

Service code 27

1400 AMERICAN BLVD · PENNINGTON, NJ 08534

Advisory (Plan)

$32,146

SPAULDING RIDGE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPAULDING RIDGE 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