Retirement plan

ESA MANAGEMENT, LLC 401(K) PLAN

Name: ESA MANAGEMENT, LLC - ESA MANAGEMENT, LLC 401(K) PLAN (2020) Form 5500
Creator: ESA MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ESA MANAGEMENT, LLC 401(K) PLAN, ESA MANAGEMENT, LLC

ESA MANAGEMENT, LLCEIN 90-1015925Plan #001PY 2020

11525 N. COMMUNITY HOUSE ROAD, SUITE 100 - CHARLOTTE, NC 28277980-345-1747

Prospect flagsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed June 24, 2016

Plan administrator

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11525 N Community House Rd

Charlotte State: NC Zip Code: 28277

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Plans declared (1)

ESA Management, LLC Deferred Compensation Plan88 emp

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Total assets (EOY)

$59.1M

+11.7% from 2019

Total participants

8,742

-4.3% from 2019

Average account balance

$14,143

+16.0% from 2019

Annual return

12.57%

-9.33 pp from 2019

Benchmarks

See 44 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort44 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$80.86M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

2,605

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.

24.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$155

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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Service providers

Top 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$366,349
LOCKTON INVESTMENT ADVISORS, LLC4 years Filed as: LOCKTON FINANCIAL ADVISORS LLC Service code 27 · EIN 20-3247391	Advisory (Plan)	$45,000
CHERRY BEKAERT LLP1 year Filed as: CHERRY BEKEART, LLP Service code 10 · EIN 56-0574444	Accounting	$16,000
DRUMMOND PRESS, INC2 years Service code 99 · EIN 59-0773377	Other Fees	$14,737
AUSTIN PRINT SOLUTIONS5 years Service code 99 · EIN 56-1730685	Other Fees	$11,701
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$11,141

Plan features & details

Pension benefit codes2F2G2J2K2T3D2E

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.
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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$465K

$69 / participant

Investment mgmt$11K2.4%
Other / not subdivided$454K97.6%

% of EOY assets

0.786%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,143

$33,283-57.5%

$77,513-81.8%

$93,223-84.8%

Participation rate

32.3%

33.8%-1.5pp

54.2%-21.9pp

74.9%-42.6pp

Annual return

12.57%

16.24%-3.7pp

54.81%-42.2pp

19.29%-6.7pp

Employer contribution / active EE

$275

$311-11.8%

$987-72.2%

$2,680-89.8%

Participant deferral / active EE

$836

$886-5.7%

$1,861-55.1%

$4,563-81.7%

Admin fee / account holder

$111

$97+14.7%

$2,859-96.1%

$79+40.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$366,349

LOCKTON INVESTMENT ADVISORS, LLC4 years

Filed as: LOCKTON FINANCIAL ADVISORS LLC

Service code 27 · EIN 20-3247391

Advisory (Plan)

$45,000

CHERRY BEKAERT LLP1 year

Filed as: CHERRY BEKEART, LLP

Service code 10 · EIN 56-0574444

Accounting

$16,000

DRUMMOND PRESS, INC2 years

Service code 99 · EIN 59-0773377

Other Fees

$14,737

AUSTIN PRINT SOLUTIONS5 years

Service code 99 · EIN 56-1730685

Other Fees

$11,701

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$11,141

ESA MANAGEMENT, LLC 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ESA MANAGEMENT, LLC 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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