Retirement plan

STAFFMARK/EMS 401K SAVINGS PLAN

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

STAFFMARK/EMSEIN 06-1553489Plan #001PY 2016

201 EAST FOURTH STREET SUITE 800 - CINCINNATI, OH 45202513-852-4718smgroupna.comLinkedIn1001-5000 employeesstaffing and recruiting

Prospect flagsLow participationLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$47.8M

+5.8% from 2015

Total participants

105,830

+524.6% from 2015

Average account balance

$15,957

+59.1% from 2015

Annual return

7.90%

+15.33 pp from 2015

Benchmarks

See 34 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort34 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$130.15M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

5,366

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+0.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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

See the 9-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 64 · EIN 04-1590850	Recordkeeping Fees	$97,994
GOLDLEAF PARTNERS1 year Service code 13 PO BOX 806 · BRAINERD, MN 56401	Contract Administrator	$40,268
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES INC Service code 99 880 CARILLON PKWY · ST PETERSBURG, FL 33716	Other Fees	$33,750
UKG INC1 year Filed as: THE ULTIMATE SOFTWARE GROUP, INC. Service code 99 1485 NORTH PARK DR · WESTON, FL 33326	Other Fees	$3,040
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,838
UNITED MAIL2+ years Service code 50 · EIN 61-1359442	Direct Payment	$2,586

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant 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

$180K

$2 / participant

Contract admin$3K1.6%
Other / not subdivided$178K98.4%

% of EOY assets

0.377%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BARNES, DENNIG & CO. LTD
Auditor EIN: 311119890
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,957

$26,033-38.7%

$74,583-78.6%

$329,111-95.2%

Participation rate

1.8%

26.0%-24.2pp

68.1%-66.3pp

67.9%-66.1pp

Annual return

7.90%

33.64%-25.7pp

20.47%-12.6pp

16.35%-8.5pp

Employer contribution / active EE

$317-97.1%

$2,525-99.6%

$2,303-99.6%

Participant deferral / active EE

$31

$825-96.3%

$3,458-99.1%

$3,682-99.2%

Admin fee / account holder

$60

$62-3.5%

$4,138-98.5%

$754-92.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 64 · EIN 04-1590850

Recordkeeping Fees

$97,994

GOLDLEAF PARTNERS1 year

Service code 13

PO BOX 806 · BRAINERD, MN 56401

Contract Administrator

$40,268

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES INC

Service code 99

880 CARILLON PKWY · ST PETERSBURG, FL 33716

Other Fees

$33,750

UKG INC1 year

Filed as: THE ULTIMATE SOFTWARE GROUP, INC.

Service code 99

1485 NORTH PARK DR · WESTON, FL 33326

Other Fees

$3,040

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,838

UNITED MAIL2+ years

Service code 50 · EIN 61-1359442

Direct Payment

$2,586

STAFFMARK/EMS 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STAFFMARK/EMS 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