Retirement plan

BY APPOINTMENT ONLY 401K PLAN

Name: BY APPOINTMENT ONLY - BY APPOINTMENT ONLY 401K PLAN (2016) Form 5500
Creator: BY APPOINTMENT ONLY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BY APPOINTMENT ONLY 401K PLAN, BY APPOINTMENT ONLY

BY APPOINTMENT ONLYEIN 04-3462585Plan #001PY 2016

100 BRICKSTONE SQUARE, SUITE 501 - ANDOVER, MA 01810781-323-7000

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$5.3M

+13.3% from 2015

Total participants

250

-28.8% from 2015

Average account balance

$24,213

+61.7% from 2015

Annual return

7.78%

+11.60 pp from 2015

Benchmarks

See 906 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort906 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.30M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

207

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$919K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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 3 by compensation

Provider	Service type	Compensation
SUMMIT FINANCIAL CORPORATION2+ years Service code 13 · EIN 04-3222046	Contract Administrator	$17,634
NATIONWIDE2+ years Filed as: NATIONWIDE TRUST COMPANY Service code 15 · EIN 31-1592130	Recordkeeping	$16,525
COMMONWEALTH FINANCIAL NETWORK2+ years Service code 33	Other fees; Securities brokerage	$2,428

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$34K

$183 / participant

Other / not subdivided$34K100.0%

% of EOY assets

0.635%

all-in expense ratio

Categories reported

0 / 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: GRAY GRAY AND GRAY
Auditor EIN: 042088368
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,213

$32,425-25.3%

$74,577-67.5%

$55,167-56.1%

Participation rate

82.5%

54.0%+28.5pp

68.1%+14.4pp

69.0%+13.5pp

Annual return

7.78%

10.63%-2.9pp

20.47%-12.7pp

169.23%-161.4pp

Employer contribution / active EE

$1,043-100.0%

$2,525-100.0%

$1,963-100.0%

Participant deferral / active EE

$4,073

$1,995+104.2%

$3,458+17.8%

$3,054+33.3%

Admin fee / account holder

$154

$748-79.5%

$4,138-96.3%

$504-69.5%

Provider

Service type

Compensation

SUMMIT FINANCIAL CORPORATION2+ years

Service code 13 · EIN 04-3222046

Contract Administrator

$17,634

NATIONWIDE2+ years

Filed as: NATIONWIDE TRUST COMPANY

Service code 15 · EIN 31-1592130

Recordkeeping

$16,525

COMMONWEALTH FINANCIAL NETWORK2+ years

Service code 33

Other fees; Securities brokerage

$2,428

BY APPOINTMENT ONLY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BY APPOINTMENT ONLY 401K 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