Retirement plan

EMPLOYEE'S 401(K) PLAN

Name: CONGO, LLC - EMPLOYEE'S 401(K) PLAN (2024) Form 5500
Creator: CONGO, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE'S 401(K) PLAN, CONGO, LLC

CONGO, LLCEIN 83-3603869Plan #001PY 2024

13551 TRITON PARK BLVD - LOUISVILLE, KY 40223505-689-5926

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$7.3M

+141.5% from 2023

Total participants

947

+80.7% from 2023

Average account balance

$15,383

+19.2% from 2023

Annual return

49.52%

+19.69 pp from 2023

Benchmarks

See 832 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort832 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.32M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

476

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.

46.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+49.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$139

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 2 by compensation

Provider	Service type	Compensation
UNITED ADVISORS GROUP1 year Service code 28 · EIN 90-0970980 36 ROLLING HILLS DR · CINCINNATI, OH 45215	Investment Management	$60,989
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS RETIREMENT SOLUTIONS Service code 15 · EIN 45-0140105 2300 SOUTH COLUMBIA RD · GRAND FORKS, ND 58201	Recordkeeping	$5,237

Plan features & details

Pension benefit codes2A2E2J2F2G3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$66K

$75 / participant

Recordkeeping$5K7.9%
Investment mgmt$61K92.1%

% of EOY assets

0.904%

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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,383

$45,109-65.9%

$85,240-82.0%

$77,762-80.2%

Participation rate

46.6%

48.7%-2.1pp

67.5%-20.9pp

70.6%-24.0pp

Annual return

49.52%

79.55%-30.0pp

66.75%-17.2pp

31.27%+18.2pp

Employer contribution / active EE

$1,410

$1,602-12.0%

$2,735-48.5%

$2,728-48.3%

Participant deferral / active EE

$2,547

$2,814-9.5%

$4,527-43.7%

$4,651-45.2%

Admin fee / account holder

$139

$915-84.8%

$6,165-97.7%

$433-67.9%

Provider

Service type

Compensation

UNITED ADVISORS GROUP1 year

Service code 28 · EIN 90-0970980

36 ROLLING HILLS DR · CINCINNATI, OH 45215

Investment Management

$60,989

ALERUS FINANCIAL, N.A.1 year

Filed as: ALERUS RETIREMENT SOLUTIONS

Service code 15 · EIN 45-0140105

2300 SOUTH COLUMBIA RD · GRAND FORKS, ND 58201

Recordkeeping

$5,237

EMPLOYEE'S 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE'S 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