Retirement plan

THE SIMON KONOVER COMPANY 401K SAVINGS PLAN

Name: THE SIMON KONOVER COMPANY - THE SIMON KONOVER COMPANY 401K SAVINGS PLAN (2017) Form 5500
Creator: THE SIMON KONOVER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SIMON KONOVER COMPANY 401K SAVINGS PLAN, THE SIMON KONOVER COMPANY

THE SIMON KONOVER COMPANYEIN 06-1496409Plan #001PY 2017

342 NORTH MAIN STREET, SUITE 200 - WEST HARTFORD, CT 061172584860-570-2001simonkonover.comLinkedIn201-500 employeesreal estate

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$11.9M

+2.6% from 2016

Total participants

520

+33.7% from 2016

Average account balance

$52,119

+1.7% from 2016

Annual return

13.01%

+3.89 pp from 2016

Benchmarks

See 565 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort565 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.72M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

208

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.

58.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$837

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
WOODBURY FINANCIAL SERVICES3+ years Filed as: WOODBURY FINANCIAL SERVICES, INC. Service code 55 5665 PLAZA DRIVE · CYPRESS, CA 90630	Other Commissions	$22,735
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE & ANNUITY INSUR CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,860
LEAFHOUSE FINANCIAL ADVISORS, LLC3+ years Service code 27 6011 WEST COURTYARD DRIVE · AUSTIN, TX 78730	Advisory (Plan)	$17,832
ADP BROKER-DEALER3+ years Filed as: PENSION CONSULTANTS, INC. Service code 13 74 BATTERSON PARK ROAD · FARMINGTON, CT 06032	Contract Administrator	$10,039
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$5,098

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$18K

$40 / participant

Other / not subdivided$18K100.0%

% of EOY assets

0.149%

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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,119

$46,966+11.0%

$185,117-71.8%

$69,631-25.1%

Participation rate

34.6%

65.3%-30.7pp

77.3%-42.7pp

70.7%-36.1pp

Annual return

13.01%

22.36%-9.3pp

40.50%-27.5pp

27571.02%-27558.0pp

Employer contribution / active EE

$797

$1,360-41.4%

$4,182-80.9%

$2,032-60.8%

Participant deferral / active EE

$1,558

$3,017-48.4%

$5,045-69.1%

$3,224-51.7%

Admin fee / account holder

$77

$94-17.5%

$8,159-99.1%

$110-29.9%

Provider

Service type

Compensation

WOODBURY FINANCIAL SERVICES3+ years

Filed as: WOODBURY FINANCIAL SERVICES, INC.

Service code 55

5665 PLAZA DRIVE · CYPRESS, CA 90630

Other Commissions

$22,735

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE & ANNUITY INSUR CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,860

LEAFHOUSE FINANCIAL ADVISORS, LLC3+ years

Service code 27

6011 WEST COURTYARD DRIVE · AUSTIN, TX 78730

Advisory (Plan)

$17,832

ADP BROKER-DEALER3+ years

Filed as: PENSION CONSULTANTS, INC.

Service code 13

74 BATTERSON PARK ROAD · FARMINGTON, CT 06032

Contract Administrator

$10,039

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$5,098

THE SIMON KONOVER COMPANY 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SIMON KONOVER COMPANY 401K 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