Retirement plan

GENERATIONAL EQUITY, LLC 401(K) PLAN

Name: GENERATIONAL EQUITY LLC - GENERATIONAL EQUITY, LLC 401(K) PLAN (2022) Form 5500
Creator: GENERATIONAL EQUITY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERATIONAL EQUITY, LLC 401(K) PLAN, GENERATIONAL EQUITY LLC

GENERATIONAL EQUITY LLCEIN 86-1122234Plan #001PY 2022

14241 DALLAS PKWY STE 700 - DALLAS, TX 752542949972-232-1101genequityco.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$21.1M

-12.3% from 2021

Total participants

317

-0.6% from 2021

Average account balance

$84,432

-11.6% from 2021

Annual return

-21.07%

-35.13 pp from 2021

Benchmarks

See 3,162 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,162 peers

Snapshot2022

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$32.56M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

269

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.

67.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.87M

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

+15.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$179

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 10-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 8 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC8+ years Filed as: T ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$6,990
AMERICAN CENTURY5 years Filed as: AMERICAN CENTURY INVESTMENT MANAGEM Service code 28 · EIN 20-2653265	Investment Management	$0
AMERICAN FUNDS5 years Service code 28 · EIN 95-1411037	Investment Management	$0
BLACKROCK3 years Filed as: BLACKROCK FUNDS Service code 28 · EIN 04-6171663	Investment Management	$0
DIMENSIONAL FUND ADVISORS8+ years Filed as: DIMENSIONAL FUNDS Service code 28 · EIN 95-4470812	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
INVESCO3 years Service code 28 · EIN 26-4521338	Investment Management	$0
MORGAN STANLEY SMITH BARNEY8+ years Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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

2 tripped

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).

Expense breakdown

Schedule H Part II

Admin total

$7K

$26 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.033%

all-in expense ratio

Categories reported

0 / 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: FORVIS
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,432

$82,202+2.7%

$125,339-32.6%

$64,808+30.3%

Participation rate

75.3%

77.9%-2.6pp

82.4%-7.1pp

71.5%+3.8pp

Annual return

-21.07%

3.48%-24.6pp

572.05%-593.1pp

32.82%-53.9pp

Employer contribution / active EE

$2,366

$3,615-34.6%

$4,814-50.8%

$2,506-5.6%

Participant deferral / active EE

$9,568

$7,175+33.3%

$7,446+28.5%

$4,310+122.0%

Admin fee / account holder

$28

$163-82.9%

$10,010-99.7%

$188-85.1%

Provider

Service type

Compensation

T ROWE PRICE RPS INC8+ years

Filed as: T ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$6,990

AMERICAN CENTURY5 years

Filed as: AMERICAN CENTURY INVESTMENT MANAGEM

Service code 28 · EIN 20-2653265

Investment Management

AMERICAN FUNDS5 years

Service code 28 · EIN 95-1411037

Investment Management

BLACKROCK3 years

Filed as: BLACKROCK FUNDS

Service code 28 · EIN 04-6171663

Investment Management

DIMENSIONAL FUND ADVISORS8+ years

Filed as: DIMENSIONAL FUNDS

Service code 28 · EIN 95-4470812

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

INVESCO3 years

Service code 28 · EIN 26-4521338

Investment Management

MORGAN STANLEY SMITH BARNEY8+ years

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

GENERATIONAL EQUITY, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERATIONAL EQUITY, LLC 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