Retirement plan

RECONSERVE 401(K) PLAN

Name: RECONSERVE, INC. - RECONSERVE 401(K) PLAN (2021) Form 5500
Creator: RECONSERVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RECONSERVE 401(K) PLAN, RECONSERVE, INC.

RECONSERVE, INC.EIN 95-2466182Plan #002PY 2021

2811 WILSHIRE BLVD #410 - SANTA MONICA, CA 90403310-458-1574

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.1M

+10.2% from 2020

Total participants

396

-2.0% from 2020

Average account balance

$70,718

+18.4% from 2020

Annual return

13.30%

+2.79 pp from 2020

Benchmarks

See 703 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort703 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.65M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

284

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.

48.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$240

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 10 of 13 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 52 · EIN 84-0467907	Indirect Investment Fees	$61,840
SHUSTER ADVISORY GROUP, LLC1 year Service code 27 · EIN 46-4984194	Advisory (Plan)	$26,173
EPIC RETIREMENT PLAN SERVICES6 years Filed as: SFG RETIREMENT PLAN CONSULTING LLC Service code 27 · EIN 46-4984194	Advisory (Plan)	$8,258
ALLSPRING1 year Service code 52 · EIN 84-6615098	Indirect Investment Fees	$0
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB Service code 52 · EIN 94-3106735	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS3 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 06-1194217	Indirect Investment Fees	$0
JANUS HENDERSON3 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
PGIM INVESTMENTS3 years Service code 52 · EIN 22-3468527	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2T

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

3 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.)
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

$96K

$311 / participant

Investment mgmt$87K90.9%
Contract admin$5K5.2%
Other / not subdivided$4K3.9%

% of EOY assets

0.597%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WRIGHT FORD YOUNG & CO.
Auditor EIN: 953288054
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,718

$66,528+6.3%

$86,615-18.4%

$86,821-18.5%

Participation rate

45.8%

72.4%-26.6pp

71.6%-25.8pp

72.3%-26.5pp

Annual return

13.30%

19.56%-6.3pp

63.51%-50.2pp

97.94%-84.6pp

Employer contribution / active EE

$763

$2,007-62.0%

$2,496-69.4%

$2,406-68.3%

Participant deferral / active EE

$2,693

$3,240-16.9%

$3,699-27.2%

$4,132-34.8%

Admin fee / account holder

$422

$148+185.1%

$5,830-92.8%

$170+149.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 52 · EIN 84-0467907

Indirect Investment Fees

$61,840

SHUSTER ADVISORY GROUP, LLC1 year

Service code 27 · EIN 46-4984194

Advisory (Plan)

$26,173

EPIC RETIREMENT PLAN SERVICES6 years

Filed as: SFG RETIREMENT PLAN CONSULTING LLC

Service code 27 · EIN 46-4984194

Advisory (Plan)

$8,258

ALLSPRING1 year

Service code 52 · EIN 84-6615098

Indirect Investment Fees

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB

Service code 52 · EIN 94-3106735

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS3 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 06-1194217

Indirect Investment Fees

JANUS HENDERSON3 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

PGIM INVESTMENTS3 years

Service code 52 · EIN 22-3468527

Indirect Investment Fees

RECONSERVE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RECONSERVE 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