Retirement plan

PENNY PUBLICATIONS, LLC 401(K) PLAN

Name: PENNY PUBLICATIONS, LLC - PENNY PUBLICATIONS, LLC 401(K) PLAN (2017) Form 5500
Creator: PENNY PUBLICATIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENNY PUBLICATIONS, LLC 401(K) PLAN, PENNY PUBLICATIONS, LLC

PENNY PUBLICATIONS, LLCEIN 06-1533995Plan #002PY 2017

6 PROWITT STREET - NORWALK, CT 068551220203-866-6688pennydellpuzzles.comLinkedIn51-200 employeespublishing

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$13.4M

+18.3% from 2016

Total participants

189

0.0% from 2016

Average account balance

$97,091

+21.7% from 2016

Annual return

14.54%

+5.45 pp from 2016

Benchmarks

See 843 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort843 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.68M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

137

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.

82.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$953K

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

+16.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$120

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 7 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC3+ years Service code 55 · EIN 13-2638166	Other Commissions	$36,236
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL RETIREMENT Service code 15 · EIN 26-1589907	Recordkeeping	$3,190
RELIANCE TRUST COMPANY3+ years Service code 19 · EIN 58-1428634	Securities Custodian	$282
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS RETIREMENT SERVICES Service code 52	Indirect Investment Fees	$20
MESIROW FINANCIAL INVESTMENT MANAGE3+ years Filed as: MESIROW FINANCIAL INVESTMENT Service code 49	Other Services	$20
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
MESIROW FINANCIAL INVESTMENT MANAGE3+ years Filed as: MESIROW FINANCIAL INVESTMENT INC. Service code 49 · EIN 36-3429599	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$18 / participant

Contract admin$3K100.0%

% of EOY assets

0.024%

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: VISCONTI AND ASSOCIATES, P.C.
Auditor EIN: 061354191
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,091

$59,535+63.1%

$90,161+7.7%

$62,293+55.9%

Participation rate

71.2%

73.0%-1.9pp

76.9%-5.7pp

69.5%+1.7pp

Annual return

14.54%

23.53%-9.0pp

34.89%-20.3pp

28.90%-14.4pp

Employer contribution / active EE

$1,826-100.0%

$3,318-100.0%

$2,042-100.0%

Participant deferral / active EE

$4,007

$4,639-13.6%

$5,287-24.2%

$3,169+26.4%

Admin fee / account holder

$23

$337-93.1%

$5,943-99.6%

$479-95.2%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3+ years

Service code 55 · EIN 13-2638166

Other Commissions

$36,236

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL RETIREMENT

Service code 15 · EIN 26-1589907

Recordkeeping

$3,190

RELIANCE TRUST COMPANY3+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$282

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS RETIREMENT SERVICES

Service code 52

Indirect Investment Fees

$20

MESIROW FINANCIAL INVESTMENT MANAGE3+ years

Filed as: MESIROW FINANCIAL INVESTMENT

Service code 49

Other Services

$20

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27 · EIN 61-1732930

Advisory (Plan)

MESIROW FINANCIAL INVESTMENT MANAGE3+ years

Filed as: MESIROW FINANCIAL INVESTMENT INC.

Service code 49 · EIN 36-3429599

Other Services

PENNY PUBLICATIONS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENNY PUBLICATIONS, 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