Retirement plan

SCHELLMAN COMPLIANCE, LLC. 401(K) PROFIT SHARING PLAN

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

SCHELLMAN COMPLIANCE, LLCEIN 87-2465686Plan #001PY 2022

4010 W. BOY SCOUT BLVD., SUITE 600 - TAMPA, FL 33607866-254-0000

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$45.6M

No prior year

Total participants

583

No prior year

Average account balance

$83,571

No prior year

Annual return

-18.05%

No prior year

Benchmarks

See 3,158 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,158 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83.21M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

617

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+17.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Service code 15 · EIN 01-0233346	Recordkeeping	$356

Plan features & details

Pension benefit codes2E2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$78K

$161 / participant

Other / not subdivided$78K100.0%

% of EOY assets

0.171%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SPOOR BUNCH FRANZ
Auditor EIN: 364818378
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,571

$82,188+1.7%

$125,391-33.4%

$64,824+28.9%

Participation rate

92.3%

77.9%+14.4pp

82.4%+10.0pp

71.5%+20.9pp

Annual return

-18.05%

3.50%-21.5pp

572.41%-590.5pp

32.84%-50.9pp

Employer contribution / active EE

$9,070

$3,617+150.7%

$4,816+88.3%

$2,507+261.8%

Participant deferral / active EE

$10,528

$7,177+46.7%

$7,448+41.3%

$4,311+144.2%

Admin fee / account holder

$143

$163-12.6%

$10,009-98.6%

$188-24.0%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$356

SCHELLMAN COMPLIANCE, LLC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHELLMAN COMPLIANCE, LLC. 401(K) PROFIT SHARING 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