Retirement plan

SIMPLICITYHR 401(K) RETIREMENT SAVINGS PLAN

Name: ALTRES GLOBAL BUSINESS SERVICES, INC. - SIMPLICITYHR 401(K) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: ALTRES GLOBAL BUSINESS SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIMPLICITYHR 401(K) RETIREMENT SAVINGS PLAN, ALTRES GLOBAL BUSINESS SERVICES, INC.

ALTRES GLOBAL BUSINESS SERVICES, INC.EIN 99-0332532Plan #010PY 2024

967 KAPIOLANI BLVD - HONOLULU, HI 96814800-373-1955LinkedIn5001-10000 employeeshuman resources

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$102.2M

No prior year

Total participants

2,653

No prior year

Average account balance

$58,244

No prior year

Annual return

29.77%

No prior year

Benchmarks

See 265 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort265 peers

Snapshot2024

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
SALVIC INTEGRATED ADMINISTRATION1+ years Service code 15 · EIN 65-0608221	Recordkeeping	$275,256
SLAVIC INTEGRATED ADMINISTRATION1+ years Filed as: SLAVIC MUTUAL FUND MANAGMENT CORP Service code 28 · EIN 59-2749576	Investment Management	$85,428
KOBO WEALTH CONSERVANCY1+ years Filed as: KOBO WEALTH CONSERVANCY LLC Service code 26 · EIN 20-8546080	Advisory (Participants)	$84,087

Plan features & details

Pension benefit codes2E2F2G2H2K2T3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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

$445K

$228 / participant

Investment mgmt$170K38.1%
Contract admin$275K61.9%

% of EOY assets

0.435%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,244

$81,302-28.4%

$76,002-23.4%

$199,768-70.8%

Participation rate

53.9%

70.1%-16.1pp

69.1%-15.1pp

72.0%-18.1pp

Annual return

29.77%

16.31%+13.5pp

360.07%-330.3pp

34.26%-4.5pp

Employer contribution / active EE

$1,985

$3,352-40.8%

$2,688-26.2%

$3,037-34.6%

Participant deferral / active EE

$3,129

$4,721-33.7%

$4,257-26.5%

$5,090-38.5%

Admin fee / account holder

$253

$145+74.7%

$6,414-96.0%

$269-5.8%

Provider

Service type

Compensation

SALVIC INTEGRATED ADMINISTRATION1+ years

Service code 15 · EIN 65-0608221

Recordkeeping

$275,256

SLAVIC INTEGRATED ADMINISTRATION1+ years

Filed as: SLAVIC MUTUAL FUND MANAGMENT CORP

Service code 28 · EIN 59-2749576

Investment Management

$85,428

KOBO WEALTH CONSERVANCY1+ years

Filed as: KOBO WEALTH CONSERVANCY LLC

Service code 26 · EIN 20-8546080

Advisory (Participants)

$84,087

SIMPLICITYHR 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIMPLICITYHR 401(K) RETIREMENT SAVINGS 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