Retirement plan

OPOC.US 401(K) PROFIT SHARING PLAN

Name: ECHELON GROUP, LLC, DBA OPOC.US - OPOC.US 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ECHELON GROUP, LLC, DBA OPOC.US
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPOC.US 401(K) PROFIT SHARING PLAN, ECHELON GROUP, LLC, DBA OPOC.US

ECHELON GROUP, LLC, DBA OPOC.USEIN 88-0772314Plan #001PY 2024

300 W. WILSON BRIDGE RD., SUITE 300 - WORTHINGTON, OH 43085614-431-4331

Prospect flagsLow returnsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$6.7M

+11.1% from 2023

Total participants

191

+5.5% from 2023

Average account balance

$39,408

+7.9% from 2023

Annual return

5.04%

-14.43 pp from 2023

Benchmarks

See 2,174 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,174 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.74M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

171

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.

84.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$930K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+5.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$361

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 9 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA RETIREMEWNT SOLUTIONS, Service code 15 · EIN 13-3689044	Recordkeeping	$41,365
OPOC.US1 year Service code 15 · EIN 87-4188556	Recordkeeping	$7,729
BRADY, WARE & SCHOENFELD, INC.1 year Filed as: BRADY WARE & SCHOENFELD Service code 10 · EIN 35-1476702	Accounting	$7,000
CADARET GRANT & CO INC1 year Filed as: CADARET, GRANT & CO., INC. Service code 27 · EIN 22-2361254	Advisory (Plan)	$3,691
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Service code 27 · EIN 26-4311657	Advisory (Plan)	$1,712
EDWARD JONES2 years Filed as: EDWARD DA SOMMER Service code 14 300 WEST WILSON BRIDGE ROAD · WORTHINGTON, OH 43085	Plan Administrator	$135
NATIONWIDE3+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$97
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA TRUST COMPANY Service code 21 · EIN 42-0947998	Bank Trustee	$21
CHARLES SCHWAB & CO., INC.1 year Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$1

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$62K

$479 / participant

Contract admin$62K100.0%

% of EOY assets

0.916%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BRADY, WARE & SCHOENFELD, INC.
Auditor EIN: 351476702
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,408

$122,042-67.7%

$184,260-78.6%

$74,459-47.1%

Participation rate

84.5%

85.5%-1.0pp

86.8%-2.3pp

67.2%+17.3pp

Annual return

5.04%

19.91%-14.9pp

28.84%-23.8pp

1369.70%-1364.7pp

Employer contribution / active EE

$2,298

$4,537-49.4%

$6,427-64.3%

$2,626-12.5%

Participant deferral / active EE

$4,912

$7,143-31.2%

$9,133-46.2%

$4,350+12.9%

Admin fee / account holder

$361

$1,252-71.2%

$13,898-97.4%

$1,945-81.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA RETIREMEWNT SOLUTIONS,

Service code 15 · EIN 13-3689044

Recordkeeping

$41,365

OPOC.US1 year

Service code 15 · EIN 87-4188556

Recordkeeping

$7,729

BRADY, WARE & SCHOENFELD, INC.1 year

Filed as: BRADY WARE & SCHOENFELD

Service code 10 · EIN 35-1476702

Accounting

$7,000

CADARET GRANT & CO INC1 year

Filed as: CADARET, GRANT & CO., INC.

Service code 27 · EIN 22-2361254

Advisory (Plan)

$3,691

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Service code 27 · EIN 26-4311657

Advisory (Plan)

$1,712

EDWARD JONES2 years

Filed as: EDWARD DA SOMMER

Service code 14

300 WEST WILSON BRIDGE ROAD · WORTHINGTON, OH 43085

Plan Administrator

$135

NATIONWIDE3+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$97

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA TRUST COMPANY

Service code 21 · EIN 42-0947998

Bank Trustee

$21

CHARLES SCHWAB & CO., INC.1 year

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

OPOC.US 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPOC.US 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