Retirement plan

MIRICK, OCONNELL, DEMALLIE, & LOUGEE, LLP SAVINGS AND RETIREMENT PLAN AND TRUST

Name: MIRICK, OCONNELL, DEMALLIE, & LOUGEE, LLP - MIRICK, OCONNELL, DEMALLIE, & LOUGEE, LLP SAVINGS AND RETIREMENT PLAN AND TRUST (2016) Form 5500
Creator: MIRICK, OCONNELL, DEMALLIE, & LOUGEE, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIRICK, OCONNELL, DEMALLIE, & LOUGEE, LLP SAVINGS AND RETIREMENT PLAN AND TRUST, MIRICK, OCONNELL, DEMALLIE, & LOUGEE, LLP

MIRICK, OCONNELL, DEMALLIE, & LOUGEE, LLPEIN 04-2203347Plan #002PY 2016

100 FRONT STREET - WORCESTER, MA 01608508-791-8500modl.comLinkedIn11-50 employees

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$38.5M

+13.4% from 2015

Total participants

158

-3.1% from 2015

Average account balance

$250,011

+13.4% from 2015

Annual return

7.98%

+7.72 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$84.03M

Not enough data

1 years with asset history on file

Average account balance

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

$464K

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.

181

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$250

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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Shareholder servicing fees; Participa...	$55,177
FIDUCIARY INVESTMENT ADVISORS2+ years Service code 27 · EIN 20-4751585	Advisory (Plan)	$20,075
CHARLES SCHWAB & CO., INC.1 year Service code 33 · EIN 94-1737782	Direct payment from the plan; Securit...	$6,684
STIFEL NICOLAUS & CO INC1 year Filed as: STIFEL NICOLAUS & COMPANY Service code 19 · EIN 43-0538770	Securities Custodian	$5,388
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

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

$75K

$557 / participant

Investment mgmt$20K26.7%
Other / not subdivided$55K73.3%

% of EOY assets

0.195%

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: STOWE & DEGON LLC
Auditor EIN: 043379904
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$250,011

$75,183+232.5%

$123,894+101.8%

$55,167+353.2%

Participation rate

97.0%

72.8%+24.2pp

81.4%+15.6pp

69.0%+28.0pp

Annual return

7.98%

19.01%-11.0pp

47.52%-39.5pp

169.23%-161.3pp

Employer contribution / active EE

$6,815

$2,823+141.4%

$4,617+47.6%

$1,963+247.2%

Participant deferral / active EE

$10,641

$5,084+109.3%

$5,984+77.8%

$3,054+248.4%

Admin fee / account holder

$489

$663-26.2%

$8,357-94.2%

$504-3.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Shareholder servicing fees; Participa...

$55,177

FIDUCIARY INVESTMENT ADVISORS2+ years

Service code 27 · EIN 20-4751585

Advisory (Plan)

$20,075

CHARLES SCHWAB & CO., INC.1 year

Service code 33 · EIN 94-1737782

Direct payment from the plan; Securit...

$6,684

STIFEL NICOLAUS & CO INC1 year

Filed as: STIFEL NICOLAUS & COMPANY

Service code 19 · EIN 43-0538770

Securities Custodian

$5,388

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

MIRICK, OCONNELL, DEMALLIE, & LOUGEE, LLP SAVINGS AND RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIRICK, OCONNELL, DEMALLIE, & LOUGEE, LLP SAVINGS AND RETIREMENT PLAN AND TRUST

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