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 (2018) 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 2018

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$45.3M

-4.7% from 2017

Total participants

159

+3.2% from 2017

Average account balance

$288,718

-6.5% from 2017

Annual return

-2.40%

-21.68 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Service code 12 · EIN 13-3689044	Recordkeeping and information managem...	$65,153
FIDUCIARY INVESTMENT ADVISORS4+ years Service code 27 · EIN 20-4751585	Advisory (Plan)	$30,116
STOWE & DEGON, LLC1 year Filed as: STOWE & DEGON Service code 10 · EIN 04-3379904	Accounting	$10,700
CHARLES SCHWAB & CO., INC.3 years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$3,150
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO. INC. Service code 33	Securities brokerage commissions and ...	$0
NATIONAL FINANCIAL SERVICES4+ 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

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

$107K

$784 / participant

Investment mgmt$30K28.3%
Other / not subdivided$76K71.7%

% of EOY assets

0.235%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$288,718

$73,102+295.0%

$123,544+133.7%

$56,287+412.9%

Participation rate

98.5%

74.3%+24.2pp

82.3%+16.2pp

69.9%+28.7pp

Annual return

-2.40%

3.01%-5.4pp

119.20%-121.6pp

-9.96%+7.6pp

Employer contribution / active EE

$6,873

$2,977+130.9%

$4,628+48.5%

$2,111+225.6%

Participant deferral / active EE

$11,135

$5,423+105.3%

$6,426+73.3%

$3,350+232.4%

Admin fee / account holder

$679

$554+22.6%

$9,284-92.7%

$521+30.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Service code 12 · EIN 13-3689044

Recordkeeping and information managem...

$65,153

FIDUCIARY INVESTMENT ADVISORS4+ years

Service code 27 · EIN 20-4751585

Advisory (Plan)

$30,116

STOWE & DEGON, LLC1 year

Filed as: STOWE & DEGON

Service code 10 · EIN 04-3379904

Accounting

$10,700

CHARLES SCHWAB & CO., INC.3 years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$3,150

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33

Securities brokerage commissions and ...

NATIONAL FINANCIAL SERVICES4+ 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