Retirement plan

SOAREN MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: SOAREN MANAGEMENT LLC - SOAREN MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: SOAREN MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOAREN MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST, SOAREN MANAGEMENT LLC

SOAREN MANAGEMENT LLCEIN 85-0972337Plan #001PY 2024

7020 E ACOMA DR STE 100 - SCOTTSDALE, AZ 852543537480-550-8178

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$5.2M

+33.3% from 2023

Total participants

127

-20.6% from 2023

Average account balance

$47,384

+58.7% from 2023

Annual return

17.31%

-4.02 pp from 2023

Benchmarks

See 28,939 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,939 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.21M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

110

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.

82.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+17.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$354

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

See the 6-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PAYCHEX, INC.6+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$16,353
ROTHSCHILD ASSET MANAGEMENT1 year Filed as: ROTHSCHILD INVESTMENT LLC Service code 26 · EIN 36-2708660 311 S. WACKER DRIVE · CHICAGO, IL 60606	Advisory (Participants)	$11,634
STONEHENGE RETIREMENT PLANNERS LLC3 years Service code 26 · EIN 82-4032869 115 S ELM DR APT 212 · LOS ANGELES, CA 90035	Advisory (Participants)	$10,066

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$39K

$405 / participant

Trustee / custodial$8602.2%
Investment mgmt$22K55.8%
Contract admin$16K42.0%

% of EOY assets

0.747%

all-in expense ratio

Categories reported

3 / 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: BAKER TILLY
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,384

$102,317-53.7%

$146,958-67.8%

$80,856-41.4%

Participation rate

82.3%

75.8%+6.5pp

82.2%+0.1pp

67.6%+14.7pp

Annual return

17.31%

134.76%-117.4pp

418.34%-401.0pp

35.59%-18.3pp

Employer contribution / active EE

$4,228

$3,713+13.9%

$4,933-14.3%

$2,755+53.5%

Participant deferral / active EE

$7,601

$6,644+14.4%

$8,070-5.8%

$4,296+76.9%

Admin fee / account holder

$354

$7,941-95.5%

$12,998-97.3%

$6,918-94.9%

Provider

Service type

Compensation

PAYCHEX, INC.6+ years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$16,353

ROTHSCHILD ASSET MANAGEMENT1 year

Filed as: ROTHSCHILD INVESTMENT LLC

Service code 26 · EIN 36-2708660

311 S. WACKER DRIVE · CHICAGO, IL 60606

Advisory (Participants)

$11,634

STONEHENGE RETIREMENT PLANNERS LLC3 years

Service code 26 · EIN 82-4032869

115 S ELM DR APT 212 · LOS ANGELES, CA 90035

Advisory (Participants)

$10,066

SOAREN MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOAREN MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST

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