PlanOptica
Retirement plan

FIDELITY RETIREMENT SAVINGS PLAN

FMR LLCEIN 04-3532603Plan #002PY 2017
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245 SUMMER STREET Z1J - BOSTON, MA 02210617-563-9701
Prospect flagsHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
CINDY SILVA
Signed 10/15/2018
(617) 563-9701
Plan administrator signer
BRIAN OXMAN
Signed 10/15/2018
Plan administrator entity
FMR LLC EMPLOYEE RETIREMENT COMMITTEE
EIN 043532603
(508) 769-9732
How to read this page

Summary metrics

Total assets (EOY)
$17265.5M
-7.7% from 2016
Total participants
58,732
-1.3% from 2016
Average account balance
$301,255
-6.0% from 2016
Annual return
19.25%
-5.99 pp from 2016

Benchmarks

See 80 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort80 peers
Snapshot2017
Participant deferral / active EE
$9,283
median $5,833
Employer contribution / active EE
$15,607
median $3,527
Participation rate
96.3%
median 96.0%
Avg account balance
$301,255
median $108,862
Admin fee / account holder
$3
median $54
Annual return
19.25%
median 17.71%
Overall peer rank
84th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$34.20B
Average account balance
Total assets / participants with a balance (line 6g)
$372K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
91,972
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.5%
Contributions (total)
Employer and participant dollars contributed each year
$2.05B
Contributions per participant
Average employer and participant contribution per enrolled participant
$30K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+18.08%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 2 by compensation
ProviderService typeCompensation
FIDELITY INSTITUTIONAL OPS CO INC3+ years
Service code 15 · EIN 04-2647786
Recordkeeping
$41,325
FID INV INST OPS CO3+ years
Service code 60
Sub-TA Fees
$0

Plan features & details

Pension benefit codes2E2F2H2J2K2R2S2T3D
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).
  • 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.
  • 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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 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
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$197K
$5 / participant
  • Other / not subdivided$197K100.0%
% of EOY assets
0.001%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
PRICEWATERHOUSE COOPERS
Auditor EIN
134008324
Audit fees
(not subdivided)
Opinion code
Disclaimer