Retirement plan

ABC LEGAL SERVICES 401 (K) PLAN

Name: ABC LEGAL HOLDINGS, LLC. - ABC LEGAL SERVICES 401 (K) PLAN (2024) Form 5500
Creator: ABC LEGAL HOLDINGS, LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABC LEGAL SERVICES 401 (K) PLAN, ABC LEGAL HOLDINGS, LLC.

ABC LEGAL HOLDINGS, LLC.EIN 84-2147344Plan #003PY 2024

1099 STEWART STREET, SUITE 700 - SEATTLE, WA 98101206-521-9000

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$17.9M

+19.3% from 2023

Total participants

895

+6.8% from 2023

Average account balance

$22,979

+16.7% from 2023

Annual return

14.68%

-4.37 pp from 2023

Benchmarks

See 111 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort111 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.85M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

777

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.

81.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$95

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 4 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP6+ years Filed as: USI ADVISORS, INC. Service code 26 · EIN 06-1397347 95 GLASTONBURY BOULEVARD · GALSTONNURY, CT 06033	Advisory (Participants)	$49,927
USI CONSULTING GROUP6+ years Filed as: USI CONSULTING GROUP, INC. Service code 15 · EIN 06-1053228 95 GLASTONBURY BOULEVARD · GLASTONBURY, CT 06033	Recordkeeping	$19,819
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB TRUST BANK Service code 18 · EIN 82-3967259	Investment management fees paid indir...	$6,014
CHARLES SCHWAB & CO., INC.6+ years Service code 18 · EIN 94-1737782	Custodial (other than securities); Sh...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

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

$74K

$115 / participant

Recordkeeping$20K26.8%
Investment mgmt$50K67.6%
Other trustee fees$4K5.5%

% of EOY assets

0.414%

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: RICHEY, MAY & CO., LLP
Auditor EIN: 710911208
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,979

$36,806-37.6%

$69,611-67.0%

$77,714-70.4%

Participation rate

81.6%

64.4%+17.3pp

66.4%+15.2pp

70.6%+11.1pp

Annual return

14.68%

38.81%-24.1pp

101.14%-86.5pp

31.26%-16.6pp

Employer contribution / active EE

$783

$1,257-37.7%

$1,709-54.2%

$2,727-71.3%

Participant deferral / active EE

$2,342

$2,738-14.5%

$2,891-19.0%

$4,649-49.6%

Admin fee / account holder

$95

$507-81.3%

$4,696-98.0%

$433-78.1%

Provider

Service type

Compensation

USI CONSULTING GROUP6+ years

Filed as: USI ADVISORS, INC.

Service code 26 · EIN 06-1397347

95 GLASTONBURY BOULEVARD · GALSTONNURY, CT 06033

Advisory (Participants)

$49,927

USI CONSULTING GROUP6+ years

Filed as: USI CONSULTING GROUP, INC.

Service code 15 · EIN 06-1053228

95 GLASTONBURY BOULEVARD · GLASTONBURY, CT 06033

Recordkeeping

$19,819

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 18 · EIN 82-3967259

Investment management fees paid indir...

$6,014

CHARLES SCHWAB & CO., INC.6+ years

Service code 18 · EIN 94-1737782

Custodial (other than securities); Sh...

ABC LEGAL SERVICES 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABC LEGAL SERVICES 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