Retirement plan

THE HERB CHAMBERS COMPANIES SECTION 401(K) PROFIT SHARING PLAN

Name: JENNINGS ROAD MANAGEMENT CORP. - THE HERB CHAMBERS COMPANIES SECTION 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: JENNINGS ROAD MANAGEMENT CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HERB CHAMBERS COMPANIES SECTION 401(K) PROFIT SHARING PLAN, JENNINGS ROAD MANAGEMENT CORP.

JENNINGS ROAD MANAGEMENT CORP.EIN 06-1169004Plan #002PY 2017

47 EASTERN BOULEVARD - GLASTONBURY, CT 06033860-652-0022LinkedIn11-50 employeesautomotive

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$80.1M

+22.8% from 2016

Total participants

1,854

+5.4% from 2016

Average account balance

$67,865

+12.6% from 2016

Annual return

18.04%

+9.73 pp from 2016

Benchmarks

See 331 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort331 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$149.49M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

1,196

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.

40.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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
MMA SECURITIES LLC2 years Filed as: NIA SECURITIES, LLC Service code 27 · EIN 22-3570392	Advisory (Plan)	$55,000
ADP BROKER-DEALER3+ years Filed as: PENSION CONSULTANTS Service code 27 · EIN 06-1504963	Advisory (Plan)	$35,815
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Service code 13 · EIN 06-1050034	Contract Administrator	$28,074
FEDERMAN LALLY & REMIS, LLC2 years Filed as: FEDERMAN, LALLY & REMIS LLC Service code 10 · EIN 06-1326802	Accounting	$10,000
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H2T3J

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$132K

$75 / participant

Other / not subdivided$132K100.0%

% of EOY assets

0.165%

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: FEDERMAN, LALLY & REMIS, LLC
Auditor EIN: 061326802
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,865

$38,833+74.8%

$78,778-13.9%

$77,958-12.9%

Participation rate

61.8%

60.9%+0.8pp

69.2%-7.4pp

71.6%-9.9pp

Annual return

18.04%

20.31%-2.3pp

35.62%-17.6pp

20.87%-2.8pp

Employer contribution / active EE

$806

$840-4.0%

$1,986-59.4%

$2,310-65.1%

Participant deferral / active EE

$3,358

$1,776+89.1%

$2,958+13.5%

$3,537-5.0%

Admin fee / account holder

$112

$89+25.7%

$5,134-97.8%

$97+14.9%

Provider

Service type

Compensation

MMA SECURITIES LLC2 years

Filed as: NIA SECURITIES, LLC

Service code 27 · EIN 22-3570392

Advisory (Plan)

$55,000

ADP BROKER-DEALER3+ years

Filed as: PENSION CONSULTANTS

Service code 27 · EIN 06-1504963

Advisory (Plan)

$35,815

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$28,074

FEDERMAN LALLY & REMIS, LLC2 years

Filed as: FEDERMAN, LALLY & REMIS LLC

Service code 10 · EIN 06-1326802

Accounting

$10,000

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

THE HERB CHAMBERS COMPANIES SECTION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HERB CHAMBERS COMPANIES SECTION 401(K) PROFIT SHARING 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