Retirement plan

DEVINE, MILLIMET & BRANCH 401(K) PLAN

Name: DEVINE, MILLIMET & BRANCH - DEVINE, MILLIMET & BRANCH 401(K) PLAN (2015) Form 5500
Creator: DEVINE, MILLIMET & BRANCH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEVINE, MILLIMET & BRANCH 401(K) PLAN, DEVINE, MILLIMET & BRANCH

DEVINE, MILLIMET & BRANCHEIN 02-0336151Plan #005PY 2015

111 AMHERST STREET - MANCHESTER, NH 03101603-669-1000

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$54.6M

No prior year

Total participants

176

No prior year

Average account balance

$309,990

No prior year

Annual return

2.90%

No prior year

Benchmarks

See 4,662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort4,662 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.75M

Not enough data

1 years with asset history on file

Average account balance

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

$404K

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.

153

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.

93.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+12.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$625

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 26-4310632	Advisory (Plan)	$78,363
BMO HARRIS BANK NA1+ years Service code 15 · EIN 36-2085229	Recordkeeping	$45,802
AMERICAN UNITED LIFE INSURANCE CO1+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$15,897
HOWE, RILEY & HOWE PLLC1+ years Service code 10 · EIN 20-3985821	Accounting	$13,900

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$156K

$1353 / participant

Investment mgmt$78K50.4%
Other / not subdivided$77K49.6%

% of EOY assets

0.285%

all-in expense ratio

Categories reported

1 / 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: HOWE, RILEY & HOWE, PLLC
Auditor EIN: 203985821
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$309,990

$70,002+342.8%

$115,038+169.5%

$52,331+492.4%

Participation rate

100.0%

72.1%+27.9pp

81.4%+18.6pp

68.1%+31.9pp

Annual return

2.90%

4.04%-1.1pp

26.14%-23.2pp

4.54%-1.6pp

Employer contribution / active EE

$9,316

$2,715+243.1%

$4,608+102.2%

$1,882+395.1%

Participant deferral / active EE

$8,950

$4,920+81.9%

$6,026+48.5%

$3,022+196.2%

Admin fee / account holder

$884

$566+56.2%

$8,175-89.2%

$592+49.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 26-4310632

Advisory (Plan)

$78,363

BMO HARRIS BANK NA1+ years

Service code 15 · EIN 36-2085229

Recordkeeping

$45,802

AMERICAN UNITED LIFE INSURANCE CO1+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$15,897

HOWE, RILEY & HOWE PLLC1+ years

Service code 10 · EIN 20-3985821

Accounting

$13,900

DEVINE, MILLIMET & BRANCH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEVINE, MILLIMET & BRANCH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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