Retirement plan

ANCORA - MEP

Name: ANCORA HOLDINGS GROUP, LLC - ANCORA - MEP (2024) Form 5500
Creator: ANCORA HOLDINGS GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANCORA - MEP, ANCORA HOLDINGS GROUP, LLC

ANCORA HOLDINGS GROUP, LLCEIN 87-2417854Plan #001PY 2024

6060 PARKLAND BLVD., SUITE 200 - MAYFIELD HEIGHTS, OH 44124216-825-4002ancora.netLinkedIn51-200 employeesfinancial services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$23.4M

+13.4% from 2023

Total participants

123

+0.8% from 2023

Average account balance

$189,898

+11.6% from 2023

Annual return

15.12%

-5.03 pp from 2023

Benchmarks

See 2,180 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,180 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.36M

Not enough data

1 years with asset history on file

Average account balance

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

$190K

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.

123

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+15.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$100

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$6,810
NEWPORT GROUP, INC.1 year Service code 12 · EIN 27-2037969	Claims processing; Recordkeeping and ...	$5,455

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$12K

$112 / participant

Recordkeeping$5K44.3%
Trustee / custodial$7K55.5%
Contract admin$200.2%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHEN & COMPANY, LTD
Auditor EIN: 365132517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$189,898

$122,239+55.3%

$184,200+3.1%

$74,546+154.7%

Participation rate

100.0%

85.5%+14.5pp

86.8%+13.2pp

67.2%+32.8pp

Annual return

15.12%

19.95%-4.8pp

28.80%-13.7pp

1366.03%-1350.9pp

Employer contribution / active EE

$5,494

$4,537+21.1%

$6,424-14.5%

$2,624+109.4%

Participant deferral / active EE

$14,275

$7,139+100.0%

$9,132+56.3%

$4,347+228.4%

Admin fee / account holder

$100

$1,260-92.1%

$13,907-99.3%

$1,944-94.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$6,810

NEWPORT GROUP, INC.1 year

Service code 12 · EIN 27-2037969

Claims processing; Recordkeeping and ...

$5,455

ANCORA - MEP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANCORA - MEP

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