Retirement plan

R.K. MILES, INC. RETIREMENT PLAN

Name: R.K. MILES, INC. - R.K. MILES, INC. RETIREMENT PLAN (2018) Form 5500
Creator: R.K. MILES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R.K. MILES, INC. RETIREMENT PLAN, R.K. MILES, INC.

R.K. MILES, INC.EIN 03-0141661Plan #001PY 2018

618 DEPOT STREET, PO BOX 1125 - MANCHESTER CENTER, VT 05255802-362-1952

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12.6M

-6.4% from 2017

Total participants

243

+7.0% from 2017

Average account balance

$51,838

-12.5% from 2017

Annual return

-3.95%

-25.70 pp from 2017

Benchmarks

See 2,219 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,219 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.20M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

373

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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 4 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 26 P.O. BOX 1095 · BURLINGTON, VT 05402	Advisory (Participants)	$26,097
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INS. COMPANY USA Service code 15 · EIN 80-0709115 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$23,766
JOHN HANCOCK LIFE INSURANCE COMPANY4+ years Filed as: JOHN HANCOCK LIFE INS.COMPANY USA Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$10,998
PENSION WORKS, INC.2 years Filed as: PENSION WORKS INC. Service code 14 · EIN 03-0359635 382 HERCULES DRIVE SUITE 1 · COLCHESTER, VT 05446	Plan Administrator	$5,110

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$66K

$355 / participant

Contract admin$65K98.9%
Other / not subdivided$7201.1%

% of EOY assets

0.524%

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: MCSOLEY MCCOY & COMPANY
Auditor EIN: 030327374
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,838

$42,548+21.8%

$74,549-30.5%

$56,287-7.9%

Participation rate

100.0%

60.5%+39.5pp

69.1%+30.9pp

69.9%+30.1pp

Annual return

-3.95%

12.40%-16.4pp

32.53%-36.5pp

-9.96%+6.0pp

Employer contribution / active EE

$2,263

$855+164.6%

$1,961+15.4%

$2,111+7.2%

Participant deferral / active EE

$2,985

$2,277+31.1%

$3,108-4.0%

$3,350-10.9%

Admin fee / account holder

$271

$467-41.9%

$5,059-94.6%

$521-47.9%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 26

P.O. BOX 1095 · BURLINGTON, VT 05402

Advisory (Participants)

$26,097

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INS. COMPANY USA

Service code 15 · EIN 80-0709115

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$23,766

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Filed as: JOHN HANCOCK LIFE INS.COMPANY USA

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$10,998

PENSION WORKS, INC.2 years

Filed as: PENSION WORKS INC.

Service code 14 · EIN 03-0359635

382 HERCULES DRIVE SUITE 1 · COLCHESTER, VT 05446

Plan Administrator

$5,110

R.K. MILES, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R.K. MILES, INC. RETIREMENT 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