Retirement plan

GENERATIONS LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: GENERATIONS LLC - GENERATIONS LLC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: GENERATIONS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERATIONS LLC 401(K) PROFIT SHARING PLAN & TRUST, GENERATIONS LLC

GENERATIONS LLCEIN 93-1140342Plan #001PY 2024

8440 SE SUNNYBROOK BLVD STE 100 - CLACKAMAS, OR 970155781503-652-0750generationsllc.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$9.2M

+9.2% from 2023

Total participants

1,303

-14.9% from 2023

Average account balance

$12,963

+30.8% from 2023

Annual return

12.19%

-6.63 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.19M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

709

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.

37.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.33M

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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

See the 6-year trajectory. $4.99 for your first month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GENERATIONS LLC 401K PLAN1 year Service code 27	Advisory (Plan)	$21,780
ERISA FIDUCIARY SERVICES, INC.4 years Service code 13 · EIN 47-1637791 1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788	Contract Administrator	$15,360
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 26 1300 THAMES ST WHARF, 4TH FL · BALTIMORE, MD 21231	Advisory (Participants)	$10,869
PAYCHEX, INC.5 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$8,140
LEVELIZED COMPENSATION ADVISOR5 years Service code 27	Advisory (Plan)	$7,416

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$52K

$55 / participant

Trustee / custodial$8601.7%
Investment mgmt$27K52.9%
Contract admin$24K45.5%

% of EOY assets

0.563%

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: HANSEN HUNTER & CO.P.C.
Auditor EIN: 930891763
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,963

$50,820-74.5%

$155,567-91.7%

$77,671-83.3%

Participation rate

37.1%

63.1%-26.0pp

78.2%-41.1pp

70.6%-33.4pp

Annual return

12.19%

34.85%-22.7pp

64.74%-52.5pp

31.21%-19.0pp

Employer contribution / active EE

$501

$1,993-74.8%

$4,674-89.3%

$2,726-81.6%

Participant deferral / active EE

$910

$2,823-67.8%

$5,628-83.8%

$4,648-80.4%

Admin fee / account holder

$73

$436-83.3%

$15,916-99.5%

$430-83.0%

Provider

Service type

Compensation

GENERATIONS LLC 401K PLAN1 year

Service code 27

Advisory (Plan)

$21,780

ERISA FIDUCIARY SERVICES, INC.4 years

Service code 13 · EIN 47-1637791

1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788

Contract Administrator

$15,360

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY GLOBAL BANKING OPERA

Service code 26

1300 THAMES ST WHARF, 4TH FL · BALTIMORE, MD 21231

Advisory (Participants)

$10,869

PAYCHEX, INC.5 years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$8,140

LEVELIZED COMPENSATION ADVISOR5 years

Service code 27

Advisory (Plan)

$7,416

GENERATIONS LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERATIONS LLC 401(K) PROFIT SHARING PLAN & TRUST

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