Retirement plan

ROOTS MANAGEMENT GROUP 401(K) PLAN

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

ROOTS MANAGEMENT GROUP, LLCEIN 87-0855596Plan #001PY 2024

1630 W. GUADALUPE RD - GILBERT, AZ 85233480-339-0000rootsmg.comLinkedIn501-1000 employeesreal estate

Prospect flagsLow assets / participantLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.9M

+75.3% from 2023

Total participants

842

+1.2% from 2023

Average account balance

$6,475

+62.1% from 2023

Annual return

16.32%

-13.24 pp from 2023

Benchmarks

See 743 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort743 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.91M

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

758

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.42M

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

+16.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 15 · EIN 13-3689044	Recordkeeping	$63,009
DWC - THE 401(K) EXPERTS2 years Service code 15 · EIN 26-2091417	Recordkeeping	$30,689
BIG BENEFIT CORP1 year Service code 17 · EIN 75-2767779	Pension Consulting	$14,268
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA INVESTMENT ADVISORS LLC Service code 27 · EIN 36-3258176	Advisory (Plan)	$5,215

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D3H

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.
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

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$108K

$167 / participant

Recordkeeping$63K58.3%
Contract admin$31K28.5%
Other / not subdivided$14K13.2%

% of EOY assets

2.194%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TURNER, STONE, & COMPANY, LLP
Auditor EIN: 752608885
Audit fees: $14,257
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,475

$66,486-90.3%

$81,370-92.0%

$77,762-91.7%

Participation rate

86.9%

68.7%+18.2pp

69.5%+17.4pp

70.6%+16.3pp

Annual return

16.32%

15.95%+0.4pp

24.85%-8.5pp

31.27%-15.0pp

Employer contribution / active EE

$1,240

$2,158-42.5%

$2,464-49.7%

$2,728-54.6%

Participant deferral / active EE

$2,525

$3,677-31.3%

$3,885-35.0%

$4,651-45.7%

Admin fee / account holder

$142

$586-75.8%

$5,749-97.5%

$433-67.2%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$63,009

DWC - THE 401(K) EXPERTS2 years

Service code 15 · EIN 26-2091417

Recordkeeping

$30,689

BIG BENEFIT CORP1 year

Service code 17 · EIN 75-2767779

Pension Consulting

$14,268

CETERA ADVISOR NETWORKS LLC2 years

Filed as: CETERA INVESTMENT ADVISORS LLC

Service code 27 · EIN 36-3258176

Advisory (Plan)

$5,215

ROOTS MANAGEMENT GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROOTS MANAGEMENT GROUP 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