Retirement plan

ELEVATIONHR, LLC 401(K) PLAN

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

ELEVATIONHR, LLCEIN 82-4151304Plan #001PY 2023

12712 W. LAKE HOUSTON PKWY, SUITE B - 220 - HOUSTON, TX 77044832-746-7430elevationhr.comLinkedIn11-50 employeeshuman resources

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.5M

-32.9% from 2022

Total participants

-82.6% from 2022

Average account balance

$85,565

+26.6% from 2022

Annual return

-36.54%

-21.58 pp from 2022

Benchmarks

See 5,247 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort5,247 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.79M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

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.

110.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$307K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1132

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

0 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 ADMINISTRATION3 years Service code 15 · EIN 65-0608221	Recordkeeping	$18,758
SLAVIC INTEGRATED ADMINISTRATION3 years Filed as: SLAVIC MUTUAL FUND MANAGEDMENT CORP Service code 28 · EIN 59-2749576	Investment Management	$11,475
ELEVATIONHR, LLC 401(K) PLAN2 years Service code 14 · EIN 82-4151304	Plan Administrator	$5,567

Plan features & details

Pension benefit codes2E2F2G2J2K2V

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.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$36K

$762 / participant

Investment mgmt$11K32.1%
Contract admin$24K67.9%

% of EOY assets

0.789%

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: DOEREN MAYHEW ASSURANCE
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,565

$49,891+71.5%

$80,607+6.2%

$75,181+13.8%

Participation rate

87.2%

55.3%+31.9pp

67.0%+20.2pp

67.2%+20.0pp

Annual return

-36.54%

34.67%-71.2pp

936.11%-972.6pp

160.69%-197.2pp

Employer contribution / active EE

$3,068

$1,698+80.6%

$2,724+12.6%

$2,671+14.9%

Participant deferral / active EE

$2,984

$2,991-0.3%

$4,448-32.9%

$4,126-27.7%

Admin fee / account holder

$676

$3,578-81.1%

$5,379-87.4%

$5,650-88.0%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION3 years

Service code 15 · EIN 65-0608221

Recordkeeping

$18,758

SLAVIC INTEGRATED ADMINISTRATION3 years

Filed as: SLAVIC MUTUAL FUND MANAGEDMENT CORP

Service code 28 · EIN 59-2749576

Investment Management

$11,475

ELEVATIONHR, LLC 401(K) PLAN2 years

Service code 14 · EIN 82-4151304

Plan Administrator

$5,567

ELEVATIONHR, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELEVATIONHR, LLC 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