Retirement plan

STRATEGIES 360, INC. 401(K) PROFIT SHARING PLAN

Name: STRATEGIES 360, INC. - STRATEGIES 360, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: STRATEGIES 360, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRATEGIES 360, INC. 401(K) PROFIT SHARING PLAN, STRATEGIES 360, INC.

STRATEGIES 360, INC.EIN 91-1304555Plan #001PY 2022

1505 WESTLAKE AVE. N. SUITE 1000 - SEATTLE, WA 981096211206-282-1990strategies360.comLinkedIn51-200 employeespublic relations and communications

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$8.9M

-2.3% from 2021

Total participants

188

+9.3% from 2021

Average account balance

$60,704

-9.6% from 2021

Annual return

-16.67%

-31.83 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.15M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

139

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.

69.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$928K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$530

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 4 by compensation

Provider	Service type	Compensation
CLIFTONLARSONALLEN LLP4 years Filed as: CLIFTONLARSONALLEN WEALTH ADVISORS Service code 27 1301 W 22ND ST, STE 1100 · OAK BROOK, IL 60523	Advisory (Plan)	$25,575
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$20,771
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 815 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$6,409
ASCENSUS LLC1 year Filed as: MAP RETIREMENT USA LLC Service code 13 W6180 AEROTECH DR · APPLETON, WI 54914	Contract Administrator	$2,550

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$55K

$408 / participant

Contract admin$55K100.0%

% of EOY assets

0.622%

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: SMITH BUNDAY BERMAN BRITTON, P.S.
Auditor EIN: 911275259
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,704

$84,499-28.2%

$125,391-51.6%

$66,949-9.3%

Participation rate

69.9%

76.4%-6.6pp

82.4%-12.5pp

69.8%0pp

Annual return

-16.67%

-8.49%-8.2pp

572.41%-589.1pp

1.57%-18.2pp

Employer contribution / active EE

$3,155

$3,554-11.2%

$4,816-34.5%

$2,545+24.0%

Participant deferral / active EE

$8,959

$6,785+32.0%

$7,448+20.3%

$4,239+111.3%

Admin fee / account holder

$377

$685-44.9%

$10,009-96.2%

$594-36.4%

Provider

Service type

Compensation

CLIFTONLARSONALLEN LLP4 years

Filed as: CLIFTONLARSONALLEN WEALTH ADVISORS

Service code 27

1301 W 22ND ST, STE 1100 · OAK BROOK, IL 60523

Advisory (Plan)

$25,575

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$20,771

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

815 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$6,409

ASCENSUS LLC1 year

Filed as: MAP RETIREMENT USA LLC

Service code 13

W6180 AEROTECH DR · APPLETON, WI 54914

Contract Administrator

$2,550

STRATEGIES 360, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRATEGIES 360, INC. 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