Retirement plan

ANCHOR QEA 401(K) PLAN

Name: ANCHOR QEA, LLC - ANCHOR QEA 401(K) PLAN (2023) Form 5500
Creator: ANCHOR QEA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANCHOR QEA 401(K) PLAN, ANCHOR QEA, LLC

ANCHOR QEA, LLCEIN 91-1851322Plan #001PY 2023

1201 - 3RD AVENUE, SUITE 2600 - SEATTLE, WA 98101206-287-9130anchorqea.comLinkedIn201-500 employeesenvironmental services

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$94.5M

+23.8% from 2022

Total participants

657

+8.6% from 2022

Average account balance

$161,749

+13.6% from 2022

Annual return

20.71%

+39.06 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$109.98M

Not enough data

1 years with asset history on file

Average account balance

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

$177K

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.

622

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+16.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$347

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 3 by compensation

Provider	Service type	Compensation
BENSLER, LLC2 years Filed as: BENSLER LLC Service code 99 · EIN 71-1004774	Other Fees	$100,000
CLARK NUBER1 year Filed as: CLARK NUBER P.S. Service code 10 · EIN 91-1194016	Accounting	$18,500
FLEX-PLAN RETIREMENT SERVICES, INC.5 years Filed as: FLEX-PLAN RETIREMENT SERVICES Service code 99 · EIN 80-0102330 P.O BOX 1650 · ISSAQUAH, WA 98027	Other Fees	$17,242

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$195K

$396 / participant

Recordkeeping$17K8.8%
Investment mgmt$100K51.3%
Contract admin$59K30.4%
Other / not subdivided$19K9.5%

% of EOY assets

0.206%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLARK NUBER P.S.
Auditor EIN: 911194016
Audit fees: $18,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$161,749

$95,417+69.5%

$135,974+19.0%

$74,460+117.2%

Participation rate

85.2%

78.2%+7.0pp

81.9%+3.3pp

70.7%+14.4pp

Annual return

20.71%

32.76%-12.0pp

68.30%-47.6pp

34.38%-13.7pp

Employer contribution / active EE

$3,675

$3,878-5.2%

$4,859-24.4%

$2,638+39.3%

Participant deferral / active EE

$9,102

$7,789+16.8%

$7,760+17.3%

$4,530+100.9%

Admin fee / account holder

$334

$266+25.5%

$10,767-96.9%

$348-4.0%

Provider

Service type

Compensation

BENSLER, LLC2 years

Filed as: BENSLER LLC

Service code 99 · EIN 71-1004774

Other Fees

$100,000

CLARK NUBER1 year

Filed as: CLARK NUBER P.S.

Service code 10 · EIN 91-1194016

Accounting

$18,500

FLEX-PLAN RETIREMENT SERVICES, INC.5 years

Filed as: FLEX-PLAN RETIREMENT SERVICES

Service code 99 · EIN 80-0102330

P.O BOX 1650 · ISSAQUAH, WA 98027

Other Fees

$17,242

ANCHOR QEA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANCHOR QEA 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