Retirement plan

THE ECHO DESIGN GROUP, INC. 401(K) PLAN

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

THE ECHO DESIGN GROUP, INC.EIN 13-1543397Plan #001PY 2017

75 OXFORD DRIVE - MOONACHIE, NJ 07074201-994-0444

Prospect flagsHigh retiree %High feesLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$25.5M

+11.2% from 2016

Total participants

159

+12.8% from 2016

Average account balance

$163,639

+10.5% from 2016

Annual return

16.48%

+21.83 pp from 2016

Benchmarks

See 2,342 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,342 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.16M

Not enough data

1 years with asset history on file

Average account balance

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

$278K

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.

130

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$642K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1014

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
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$30,534
ANCHIN, BLOCK & ANCHIN LLP2+ years Filed as: ANCHIN, BLOCK & ANCHIN Service code 10 · EIN 13-0436940	Accounting	$29,926
GRANT THORNTON LLP1 year Filed as: LLP FINANCIAL LLC - RPCP Service code 27	Advisory (Plan)	$21,374
MADISON PENSION SERVICES, INC.2+ years Filed as: MADISON PENSION SERVICES INC Service code 13 · EIN 13-2945975	Contract Administrator	$11,481
LPL FINANCIAL2+ years Filed as: LPL FINANCIAL CORPORATION Service code 49 · EIN 95-2834236	Other Services	$11,467
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$62K

$664 / participant

Other / not subdivided$62K100.0%

% of EOY assets

0.244%

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: ANCHIN, BLOCK & ANCHIN, LLP
Auditor EIN: 130436940
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$163,639

$56,544+189.4%

$75,501+116.7%

$70,126+133.4%

Participation rate

96.8%

68.1%+28.7pp

72.4%+24.5pp

69.5%+27.3pp

Annual return

16.48%

23.59%-7.1pp

27.35%-10.9pp

73.15%-56.7pp

Employer contribution / active EE

$1,817-100.0%

$2,352-100.0%

$2,343-100.0%

Participant deferral / active EE

$4,309

$2,580+67.0%

$3,142+37.1%

$3,332+29.3%

Admin fee / account holder

$400

$3,827-89.5%

$5,801-93.1%

$4,645-91.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$30,534

ANCHIN, BLOCK & ANCHIN LLP2+ years

Filed as: ANCHIN, BLOCK & ANCHIN

Service code 10 · EIN 13-0436940

Accounting

$29,926

GRANT THORNTON LLP1 year

Filed as: LLP FINANCIAL LLC - RPCP

Service code 27

Advisory (Plan)

$21,374

MADISON PENSION SERVICES, INC.2+ years

Filed as: MADISON PENSION SERVICES INC

Service code 13 · EIN 13-2945975

Contract Administrator

$11,481

LPL FINANCIAL2+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 49 · EIN 95-2834236

Other Services

$11,467

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC - RPCP

Service code 27 · EIN 04-3046611

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED2+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

THE ECHO DESIGN GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ECHO DESIGN GROUP, 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