Retirement plan

STERLING EMPLOYEE SAVINGS PLAN

Name: STERLING CORPORATION - STERLING EMPLOYEE SAVINGS PLAN (2016) Form 5500
Creator: STERLING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STERLING EMPLOYEE SAVINGS PLAN, STERLING CORPORATION

STERLING CORPORATIONEIN 04-2890273Plan #001PY 2016

27 STERLING ROAD - BILLERICA, MA 018622518978-322-2707sterlingmoving.comLinkedIn201-500 employeeslogistics and supply chain

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$7.8M

+10.4% from 2015

Total participants

106

+7.1% from 2015

Average account balance

$78,673

+3.7% from 2015

Annual return

8.12%

+11.58 pp from 2015

Benchmarks

See 3,429 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,429 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.64M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

168

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$926K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$632

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
NEW ENGLAND PENSION CONSULTANTS2+ years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$24,957
NEW ENGLAND PENSION CONSULTANTS2+ years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS,L Service code 15 · EIN 05-0515232	Recordkeeping	$15,880
SERGIO DECURTIS2+ years Service code 28 · EIN 05-0515232	Investment Management	$15,366
TD AMERITRADE, INC.2+ years Filed as: TD AMERITRADE Service code 19 · EIN 84-0519832	Securities Custodian	$7,683

Plan features & details

Pension benefit codes2E2G2F2J2K3H3D

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 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).

Expense breakdown

Schedule H Part II

Admin total

$65K

$1037 / participant

Investment mgmt$15K23.5%
Contract admin$25K38.2%
Other / not subdivided$25K38.3%

% of EOY assets

0.839%

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: BDO USA LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,673

$47,944+64.1%

$67,834+16.0%

$62,881+25.1%

Participation rate

88.9%

61.1%+27.8pp

68.8%+20.1pp

69.3%+19.6pp

Annual return

8.12%

11.77%-3.6pp

138.47%-130.4pp

20.14%-12.0pp

Employer contribution / active EE

$1,562-100.0%

$2,403-100.0%

$2,281-100.0%

Participant deferral / active EE

$4,513

$2,247+100.9%

$3,160+42.8%

$3,203+40.9%

Admin fee / account holder

$660

$3,712-82.2%

$4,622-85.7%

$4,296-84.6%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS2+ years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$24,957

NEW ENGLAND PENSION CONSULTANTS2+ years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS,L

Service code 15 · EIN 05-0515232

Recordkeeping

$15,880

SERGIO DECURTIS2+ years

Service code 28 · EIN 05-0515232

Investment Management

$15,366

TD AMERITRADE, INC.2+ years

Filed as: TD AMERITRADE

Service code 19 · EIN 84-0519832

Securities Custodian

$7,683

STERLING EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STERLING EMPLOYEE SAVINGS 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