Retirement plan

SAGILITY 401(K) PLAN

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

SAGILITY OPERATIONS INCEIN 82-4313508Plan #001PY 2023

11000 WESTMOOR CIRCLE, SUITE 125 - WESTMINISTER, CO 80021303-466-9500

Prospect flagsLow participationLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$24.7M

+13.2% from 2022

Total participants

3,470

+20.9% from 2022

Average account balance

$25,350

-25.3% from 2022

Annual return

16.13%

-8.04 pp from 2022

Benchmarks

See 1,407 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,407 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$31.26M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

1,294

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.

22.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+24.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$421

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
ORENDA RETIREMENT, LLC6+ years Service code 13 · EIN 36-4877979	Contract Administrator	$150,272
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$145,596
SIDE BY SIDE FINANCIALS, INC.5 years Service code 13 · EIN 27-3232902	Contract Administrator	$56,881
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

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.
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

4 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$286K

$94 / participant

Contract admin$251K87.8%
Other / not subdivided$35K12.2%

% of EOY assets

1.160%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: COOPER SAVAS, LLC
Auditor EIN: 275169784
Audit fees: $35,054
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,350

$50,127-49.4%

$149,673-83.1%

$80,160-68.4%

Participation rate

18.0%

64.3%-46.3pp

78.8%-60.8pp

72.9%-55.0pp

Annual return

16.13%

29.82%-13.7pp

134.42%-118.3pp

40.38%-24.3pp

Employer contribution / active EE

$205

$1,865-89.0%

$4,818-95.8%

$2,978-93.1%

Participant deferral / active EE

$628

$3,194-80.3%

$5,680-88.9%

$5,017-87.5%

Admin fee / account holder

$294

$153+92.7%

$13,210-97.8%

$145+102.9%

Provider

Service type

Compensation

ORENDA RETIREMENT, LLC6+ years

Service code 13 · EIN 36-4877979

Contract Administrator

$150,272

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$145,596

SIDE BY SIDE FINANCIALS, INC.5 years

Service code 13 · EIN 27-3232902

Contract Administrator

$56,881

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26

Advisory (Participants)

SAGILITY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAGILITY 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