Retirement plan

CHR EMPLOYEES 401K PLAN

Name: CHR EMPLOYEES, LLC - CHR EMPLOYEES 401K PLAN (2020) Form 5500
Creator: CHR EMPLOYEES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHR EMPLOYEES 401K PLAN, CHR EMPLOYEES, LLC

CHR EMPLOYEES, LLCEIN 84-3936864Plan #001PY 2020

1211 W 22ND STREET, SUITE 1002 - OAK BROOK, IL 60523312-668-8961

Other plans on this EIN

1 filing

#002Retirement-$95K assets

Prospect flagsLow returnsLow participationFailed to transmit contributionsWind-down / frozen

How to read this page

Total assets (EOY)

$4.9M

-15.3% from 2019

Total participants

266

-36.1% from 2019

Average account balance

$21,197

-2.9% from 2019

Annual return

9.59%

-5.81 pp from 2019

Benchmarks

See 3,551 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort3,551 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.10M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

146

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.

10.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$931

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

-15.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$371

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 5 by compensation

Provider	Service type	Compensation
SHERIDAN ROAD ADVISORS LLC2+ years Filed as: SHERIDAN ROAD ADVISORS, LLC Service code 27 · EIN 13-4284240	Advisory (Plan)	$18,756
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$11,045
PAGLIUCO OPALACZ & ASSOCIATES2+ years Filed as: PAGLIUCO OPALACZ & ASSOCIATES PC Service code 10 · EIN 75-3079509	Accounting	$7,000
BENEFIT SERVICES GROUP, INC.2+ years Filed as: BENEFIT SERVICES GROUP, INC Service code 15 · EIN 36-4275117 680 N LAKE SHORE DRIVE, SUITE 1900 · CHICAGO, IL 60611	Recordkeeping	$1,703
HUNTER BENEFITS CONSULTING GROUP1 year Filed as: HUNTER BENEFITS CONSULTING GROUPINC Service code 15 · EIN 36-4430093 119 E PALATINE ROAD #104 · PALATINE, IL 60067	Recordkeeping	$950

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T3H

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return 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).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$39K

$872 / participant

Investment mgmt$8K21.6%
Contract admin$31K78.4%

% of EOY assets

0.794%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PAGLIUCO OPALACZ & ASSOCIATES, PC
Auditor EIN: 753079509
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,197

$37,446-43.4%

$77,513-72.7%

$79,852-73.5%

Participation rate

26.7%

41.5%-14.9pp

54.2%-27.5pp

69.6%-43.0pp

Annual return

9.59%

39.76%-30.2pp

54.81%-45.2pp

31.72%-22.1pp

Employer contribution / active EE

$365

$637-42.7%

$987-63.0%

$2,471-85.2%

Participant deferral / active EE

$2,389

$1,261+89.5%

$1,861+28.4%

$3,740-36.1%

Admin fee / account holder

$168

$2,506-93.3%

$2,859-94.1%

$5,306-96.8%

Provider

Service type

Compensation

SHERIDAN ROAD ADVISORS LLC2+ years

Filed as: SHERIDAN ROAD ADVISORS, LLC

Service code 27 · EIN 13-4284240

Advisory (Plan)

$18,756

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$11,045

PAGLIUCO OPALACZ & ASSOCIATES2+ years

Filed as: PAGLIUCO OPALACZ & ASSOCIATES PC

Service code 10 · EIN 75-3079509

Accounting

$7,000

BENEFIT SERVICES GROUP, INC.2+ years

Filed as: BENEFIT SERVICES GROUP, INC

Service code 15 · EIN 36-4275117

680 N LAKE SHORE DRIVE, SUITE 1900 · CHICAGO, IL 60611

Recordkeeping

$1,703

HUNTER BENEFITS CONSULTING GROUP1 year

Filed as: HUNTER BENEFITS CONSULTING GROUPINC

Service code 15 · EIN 36-4430093

119 E PALATINE ROAD #104 · PALATINE, IL 60067

Recordkeeping

$950

CHR EMPLOYEES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHR EMPLOYEES 401K 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