Retirement plan

THE ELMORE GROUP, LTD. 401(K) PROFIT SHARING PLAN

Name: THE ELMORE GROUP, LTD. - THE ELMORE GROUP, LTD. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: THE ELMORE GROUP, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ELMORE GROUP, LTD. 401(K) PROFIT SHARING PLAN, THE ELMORE GROUP, LTD.

THE ELMORE GROUP, LTD.EIN 84-0594083Plan #001PY 2024

3200 S DECKER LAKE DR - WEST VALLEY CITY, UT 84119801-988-8830

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.6M

+5.8% from 2023

Total participants

267

+1.9% from 2023

Average account balance

$69,500

+15.0% from 2023

Annual return

13.67%

-2.29 pp from 2023

Benchmarks

See 2,063 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,063 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.55M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

195

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.

62.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$789K

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

+13.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$615

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 6 by compensation

Provider	Service type	Compensation
AMERITAS LIFE INSURANCE CORP2 years Service code 12 · EIN 47-0098400	Participant loan processing; Account ...	$46,630
FIDUCIARY CONSULTING GROUP3 years Filed as: FIDUCIARY CONSULTING GROUP, INC Service code 12 · EIN 20-2807852	Contract Administrator; Direct paymen...	$31,667
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES, LLC Service code 26 · EIN 35-2552359	Advisory (Participants)	$23,406
LEE CPA AUDIT GROUP2 years Service code 10 · EIN 81-4637885	Accounting	$14,000
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 82-3967259	Securities Custodian	$4,297
CHARLES SCHWAB & CO., INC.2 years Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T2U3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$120K

$622 / participant

Trustee / custodial$4K3.6%
Investment mgmt$23K19.5%
Contract admin$78K65.2%
Other / not subdivided$14K11.7%

% of EOY assets

0.885%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: $14,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,500

$60,261+15.3%

$81,783-15.0%

$74,546-6.8%

Participation rate

62.7%

62.9%-0.2pp

72.4%-9.7pp

67.2%-4.5pp

Annual return

13.67%

16.88%-3.2pp

775.05%-761.4pp

1366.03%-1352.4pp

Employer contribution / active EE

$1,012

$2,622-61.4%

$2,913-65.2%

$2,624-61.4%

Participant deferral / active EE

$3,075

$3,388-9.2%

$4,320-28.8%

$4,347-29.3%

Admin fee / account holder

$615

$1,482-58.5%

$7,380-91.7%

$1,944-68.3%

Provider

Service type

Compensation

AMERITAS LIFE INSURANCE CORP2 years

Service code 12 · EIN 47-0098400

Participant loan processing; Account ...

$46,630

FIDUCIARY CONSULTING GROUP3 years

Filed as: FIDUCIARY CONSULTING GROUP, INC

Service code 12 · EIN 20-2807852

Contract Administrator; Direct paymen...

$31,667

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 26 · EIN 35-2552359

Advisory (Participants)

$23,406

LEE CPA AUDIT GROUP2 years

Service code 10 · EIN 81-4637885

Accounting

$14,000

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$4,297

CHARLES SCHWAB & CO., INC.2 years

Service code 19

Securities Custodian

THE ELMORE GROUP, LTD. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ELMORE GROUP, LTD. 401(K) PROFIT SHARING 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