Retirement plan

MAXIM GROUP, LLC 401(K) PLAN

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

MAXIM GROUP, LLCEIN 04-3640096Plan #001PY 2016

20 CROSSWAYS PARK DR NORTH, SUITE 304 - WOODBURY, NY 11797516-393-8300maximgrp.comLinkedIn201-500 employeesfinancial services

Other plans on this EIN

1 filing

#002Retirement-$9.1M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$32.7M

+4.6% from 2015

Total participants

246

-4.3% from 2015

Average account balance

$140,901

+6.9% from 2015

Annual return

6.83%

+6.15 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$77.99M

Not enough data

1 years with asset history on file

Average account balance

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

$366K

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.

213

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$558

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$4,728
DANZIGER & MARKHOFF LLP1 year Service code 49 · EIN 13-3010201	Other Services	$0

Plan features & details

Pension benefit codes2E2G2J2K3B

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$24 / participant

Contract admin$5K100.0%

% of EOY assets

0.014%

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: WAGNER & ZWERMAN LLP
Auditor EIN: 112836481
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,901

$74,089+90.2%

$133,975+5.2%

$55,167+155.4%

Participation rate

93.0%

84.3%+8.8pp

87.1%+6.0pp

69.0%+24.0pp

Annual return

6.83%

12.11%-5.3pp

29.29%-22.5pp

169.23%-162.4pp

Employer contribution / active EE

$282

$3,064-90.8%

$5,211-94.6%

$1,963-85.6%

Participant deferral / active EE

$9,456

$4,678+102.1%

$6,282+50.5%

$3,054+209.6%

Admin fee / account holder

$20

$458-95.6%

$9,324-99.8%

$504-96.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$4,728

DANZIGER & MARKHOFF LLP1 year

Service code 49 · EIN 13-3010201

Other Services

MAXIM GROUP, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAXIM GROUP, LLC 401(K) 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