Retirement plan

XCEL HR 401(K) PLAN

Name: XMT SERVICES, INC. - XCEL HR 401(K) PLAN (2023) Form 5500
Creator: XMT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, XCEL HR 401(K) PLAN, XMT SERVICES, INC.

XMT SERVICES, INC.EIN 88-4345709Plan #002PY 2023

7361 CALHOUN PLACE, SUITE 350 - ROCKVILLE, MD 20855800-611-9235

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$81.8M

No prior year

Total participants

2,115

No prior year

Average account balance

$53,565

No prior year

Annual return

0.73%

No prior year

Benchmarks

See 353 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort353 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$111.25M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

2,052

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.

70.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$331

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

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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 5 by compensation

Provider	Service type	Compensation
SLAVIC INTEGRATED ADMINISTRATION1+ years Service code 15 · EIN 65-0608221	Recordkeeping	$406,129
XMT SERVICES, INC.1+ years Service code 14 · EIN 88-4345709	Plan Administrator	$34,572
SLAVIC INTEGRATED ADMINISTRATION1+ years Filed as: SLAVIC MUTUAL FUND CORPORATION Service code 28 · EIN 59-2749576	Investment Management	$25,322
COOGAN RE INC1+ years Filed as: COOGAN RE INC. Service code 23 1332 CHESHIRE LANE · BEL AIR, MD 21014	Insurance services	$13,507
TEMPLETON & COMPANY LLP1+ years Filed as: TEMPLETON & CO. Service code 10 · EIN 14-1918990	Accounting	$11,750

Plan features & details

Pension benefit codes2E2F2G2J2K2T2V

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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$494K

$346 / participant

Investment mgmt$39K7.9%
Legal$3K0.6%
Contract admin$441K89.1%
Other / not subdivided$12K2.4%

% of EOY assets

0.604%

all-in expense ratio

Categories reported

3 / 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: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: $11,750
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,565

$40,278+33.0%

$80,569-33.5%

$80,160-33.2%

Participation rate

58.8%

47.5%+11.3pp

67.0%-8.2pp

72.9%-14.1pp

Annual return

0.73%

50.86%-50.1pp

935.43%-934.7pp

40.38%-39.7pp

Employer contribution / active EE

$3,247

$1,332+143.7%

$2,723+19.2%

$2,978+9.1%

Participant deferral / active EE

$5,345

$2,696+98.3%

$4,447+20.2%

$5,017+6.5%

Admin fee / account holder

$324

$210+53.9%

$5,377-94.0%

$145+123.4%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION1+ years

Service code 15 · EIN 65-0608221

Recordkeeping

$406,129

XMT SERVICES, INC.1+ years

Service code 14 · EIN 88-4345709

Plan Administrator

$34,572

SLAVIC INTEGRATED ADMINISTRATION1+ years

Filed as: SLAVIC MUTUAL FUND CORPORATION

Service code 28 · EIN 59-2749576

Investment Management

$25,322

COOGAN RE INC1+ years

Filed as: COOGAN RE INC.

Service code 23

1332 CHESHIRE LANE · BEL AIR, MD 21014

Insurance services

$13,507

TEMPLETON & COMPANY LLP1+ years

Filed as: TEMPLETON & CO.

Service code 10 · EIN 14-1918990

Accounting

$11,750

XCEL HR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

XCEL HR 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