Retirement plan

NIC HOLDING CORP. EMPLOYEES 401(K) SAVINGS PLAN

Name: NIC HOLDING CORP. - NIC HOLDING CORP. EMPLOYEES 401(K) SAVINGS PLAN (2017) Form 5500
Creator: NIC HOLDING CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NIC HOLDING CORP. EMPLOYEES 401(K) SAVINGS PLAN, NIC HOLDING CORP.

NIC HOLDING CORP.EIN 11-3577086Plan #003PY 2017

225 BROAD HOLLOW ROAD, SUITE 212W - MELVILLE, NY 11747631-293-4700

Other plans on this EIN

2 filings

#001Retirement-$21.6M assets #002Retirement--

Prospect flagsRecently reached 100 employees

How to read this page

Total assets (EOY)

$30.1M

+141.6% from 2016

Total participants

146

+12.3% from 2016

Average account balance

$210,829

+60.5% from 2016

Annual return

136.44%

+129.87 pp from 2016

Benchmarks

See 9,327 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,327 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.50M

Not enough data

1 years with asset history on file

Average account balance

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

$387K

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.

120

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+14.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$428

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 1 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP3+ years Service code 12 · EIN 06-1053228	Consulting (pension); Claims processi...	$7,493

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

1 tripped

InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$7K

$79 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.025%

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: ERNST & YOUNG, LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$210,829

$78,707+167.9%

$117,861+78.9%

$70,126+200.6%

Participation rate

96.8%

73.2%+23.7pp

79.7%+17.2pp

69.5%+27.3pp

Annual return

136.44%

23.30%+113.1pp

335.11%-198.7pp

73.15%+63.3pp

Employer contribution / active EE

$3,957

$2,223+78.0%

$3,786+4.5%

$2,343+68.9%

Participant deferral / active EE

$8,348

$3,297+153.2%

$4,482+86.3%

$3,332+150.6%

Admin fee / account holder

$52

$5,066-99.0%

$8,021-99.3%

$4,645-98.9%

Provider

Service type

Compensation

USI CONSULTING GROUP3+ years

Service code 12 · EIN 06-1053228

Consulting (pension); Claims processi...

$7,493

NIC HOLDING CORP. EMPLOYEES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NIC HOLDING CORP. EMPLOYEES 401(K) 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