Retirement plan

EMPOWERME WELLNESS RETIREMENT SAVINGS PLAN

Name: EMPOWERME HOLDINGS, LLC - EMPOWERME WELLNESS RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: EMPOWERME HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPOWERME WELLNESS RETIREMENT SAVINGS PLAN, EMPOWERME HOLDINGS, LLC

EMPOWERME HOLDINGS, LLCEIN 85-3862973Plan #002PY 2024

1335 STRASSNER DRIVE - ST. LOUIS, MO 63144844-502-7996

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$52.6M

+24.3% from 2023

Total participants

2,490

+8.0% from 2023

Average account balance

$34,273

+12.9% from 2023

Annual return

16.52%

-2132.30 pp from 2023

Benchmarks

See 1,436 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,436 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$52.57M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

1,534

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.

53.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.57M

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

+16.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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 3-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.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$119,375
KIMBERLIN COMPANY, PLLC1 year Filed as: KIMBERLIN COMPANY PLLLC Service code 10 6150 W GILA SPRINGS PL UNIT 24 · CHANDLER, AE 85226	Accounting	$108,375
KRILOGY FINANCIAL LLC2 years Service code 27 275 N LINDBERGH BLVD STE 20 · SAINT LOUIS, MA 631417832	Advisory (Plan)	$90,240
CRAWFORD PIMENTEL CORPORATION1 year Filed as: CRAWFORD PIMENTEL CORP Service code 10 2150 TRADE ZONE BLVD STE 299 · SAN JOSE, CA 95131	Accounting	$28,673
BENEFIT PLANS ADMIN SERVICES, INC.2 years Filed as: BENEFIT PLANS PLUS Service code 13 11701 BORMAN DRIVE, SUITE 300 · ST. LOUIS, MO 63146	Contract Administrator	$26,334
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$11,415

Plan features & details

Pension benefit codes2A2E2J2F2G3D2T

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$286K

$138 / participant

Contract admin$286K100.0%

% of EOY assets

0.543%

all-in expense ratio

Categories reported

1 / 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: KIMBERLIN COMPANYM, PLLC
Auditor EIN: 455497718
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,273

$53,136-35.5%

$155,509-78.0%

$199,593-82.8%

Participation rate

53.8%

64.1%-10.3pp

78.2%-24.4pp

72.0%-18.2pp

Annual return

16.52%

41.15%-24.6pp

64.67%-48.1pp

34.25%-17.7pp

Employer contribution / active EE

$1,254

$1,851-32.2%

$4,672-73.2%

$3,034-58.7%

Participant deferral / active EE

$2,891

$3,161-8.5%

$5,626-48.6%

$5,087-43.2%

Admin fee / account holder

$186

$185+0.4%

$15,912-98.8%

$269-30.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$119,375

KIMBERLIN COMPANY, PLLC1 year

Filed as: KIMBERLIN COMPANY PLLLC

Service code 10

6150 W GILA SPRINGS PL UNIT 24 · CHANDLER, AE 85226

Accounting

$108,375

KRILOGY FINANCIAL LLC2 years

Service code 27

275 N LINDBERGH BLVD STE 20 · SAINT LOUIS, MA 631417832

Advisory (Plan)

$90,240

CRAWFORD PIMENTEL CORPORATION1 year

Filed as: CRAWFORD PIMENTEL CORP

Service code 10

2150 TRADE ZONE BLVD STE 299 · SAN JOSE, CA 95131

Accounting

$28,673

BENEFIT PLANS ADMIN SERVICES, INC.2 years

Filed as: BENEFIT PLANS PLUS

Service code 13

11701 BORMAN DRIVE, SUITE 300 · ST. LOUIS, MO 63146

Contract Administrator

$26,334

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$11,415

EMPOWERME WELLNESS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPOWERME WELLNESS RETIREMENT SAVINGS 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