Retirement plan

R.K. MILES, INC. RETIREMENT PLAN

Name: R.K. MILES, INC. - R.K. MILES, INC. RETIREMENT PLAN (2019) 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 2019

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.8M

+25.8% from 2018

Total participants

256

+5.3% from 2018

Average account balance

$61,905

+19.4% from 2018

Annual return

20.70%

+24.65 pp from 2018

Benchmarks

See 2,278 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,278 peers

Snapshot2019

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 BARNEY2 years Filed as: MORGAN STANLEY Service code 26 P.O. BOX 1095 · BURLINGTON, VT 05402	Advisory (Participants)	$41,524
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK LIFE INS. COMPANY USA Service code 15 · EIN 80-0709115 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$23,549
PENSION WORKS, INC.1 year Service code 14 · EIN 03-0359635 382 HERCULES DRIVE SUITE 1 · COLCHESTER, VT 05446	Plan Administrator	$14,151
MCSOLEY MCCOY & CO1 year Filed as: MCSOLEY MCCOY & COMPANY Service code 10 · EIN 03-0327374 118 TILLEY DRIVE · SOUTH BURLINGTON, VT 05403	Accounting	$6,400

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$88K

$451 / participant

Investment mgmt$42K47.2%
Contract admin$26K29.4%
Other / not subdivided$21K23.4%

% of EOY assets

0.555%

all-in expense ratio

Categories reported

2 / 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

$61,905

$49,138+26.0%

$84,021-26.3%

$65,185-5.0%

Participation rate

100.0%

60.7%+39.3pp

69.0%+31.0pp

70.2%+29.8pp

Annual return

20.70%

23.00%-2.3pp

71.32%-50.6pp

29.38%-8.7pp

Employer contribution / active EE

$2,236

$914+144.8%

$1,984+12.7%

$2,177+2.7%

Participant deferral / active EE

$3,286

$2,397+37.1%

$3,239+1.4%

$3,514-6.5%

Admin fee / account holder

$344

$543-36.8%

$6,102-94.4%

$847-59.4%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY

Service code 26

P.O. BOX 1095 · BURLINGTON, VT 05402

Advisory (Participants)

$41,524

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK LIFE INS. COMPANY USA

Service code 15 · EIN 80-0709115

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$23,549

PENSION WORKS, INC.1 year

Service code 14 · EIN 03-0359635

382 HERCULES DRIVE SUITE 1 · COLCHESTER, VT 05446

Plan Administrator

$14,151

MCSOLEY MCCOY & CO1 year

Filed as: MCSOLEY MCCOY & COMPANY

Service code 10 · EIN 03-0327374

118 TILLEY DRIVE · SOUTH BURLINGTON, VT 05403

Accounting

$6,400

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