Retirement plan

EXECUTIVE CHARGE, INC. 401(K) PLAN

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

EXECUTIVE CHARGE, INC.EIN 11-2456247Plan #002PY 2017

1440 39TH STREET - BROOKLYN, NY 11218718-438-1100LinkedIn1-10 employeeslaw enforcement

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$8.9M

+17.8% from 2016

Total participants

220

-9.8% from 2016

Average account balance

$61,136

+15.4% from 2016

Annual return

17.07%

+10.25 pp from 2016

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.69M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

183

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.

87.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$217K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$232

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 50 · EIN 13-5674085	Direct Payment	$2,008
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$1,079
RELIANCE TRUST COMPANY1 year Filed as: RELIANCE TRUST Service code 29	Legal	$400
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
RELIANCE TRUST COMPANY3+ years Service code 29 · EIN 58-1428634	Legal	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$1K

$7 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.012%

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: DDK & COMPANY LLP
Auditor EIN: 132738625
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,136

$46,297+32.1%

$71,671-14.7%

$62,293-1.9%

Participation rate

53.2%

60.6%-7.5pp

68.7%-15.6pp

69.5%-16.4pp

Annual return

17.07%

22.32%-5.3pp

20.65%-3.6pp

28.90%-11.8pp

Employer contribution / active EE

$1,412-100.0%

$2,460-100.0%

$2,042-100.0%

Participant deferral / active EE

$1,757

$2,235-21.4%

$3,438-48.9%

$3,169-44.6%

Admin fee / account holder

$461-98.4%

$5,558-99.9%

$479-98.5%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 50 · EIN 13-5674085

Direct Payment

$2,008

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSMUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$1,079

RELIANCE TRUST COMPANY1 year

Filed as: RELIANCE TRUST

Service code 29

Legal

$400

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET

Service code 27 · EIN 61-1732930

Advisory (Plan)

RELIANCE TRUST COMPANY3+ years

Service code 29 · EIN 58-1428634

Legal

EXECUTIVE CHARGE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EXECUTIVE CHARGE, INC. 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