Retirement plan

401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES

Name: UTILITIES & INDUSTRIES MANAGEMENT CORP. - 401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES (2017) Form 5500
Creator: UTILITIES & INDUSTRIES MANAGEMENT CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES, UTILITIES & INDUSTRIES MANAGEMENT CORP.

UTILITIES & INDUSTRIES MANAGEMENT CORP.EIN 13-1789034Plan #004PY 2017

140 58TH STREET, BUILDING B, SUITE 3C - BROOKLYN, NY 11220212-396-1076LinkedIn201-500 employeesinvestment management

Other plans on this EIN

1 filing

#001Retirement-$261K assets

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$8.1M

+11.5% from 2016

Total participants

186

-13.5% from 2016

Average account balance

$45,577

+35.4% from 2016

Annual return

13.22%

+7.53 pp from 2016

Benchmarks

See 246 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort246 peers

Snapshot2017

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$15.89M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

246

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$243

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 2 by compensation

Provider	Service type	Compensation
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE TRUST COMPANY Service code 18 · EIN 20-0937408	Custodial (other than securities); Di...	$7,824
PREFERRED PENSION CONCEPTS, INC.3+ years Filed as: PREFERRED PENSION CONCEPTS INC Service code 64 · EIN 13-3384874	Recordkeeping Fees	$2,178

Plan features & details

Pension benefit codes2E2G2J2A3H2T3D2F

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$1K

$8 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.015%

all-in expense ratio

Categories reported

0 / 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: IMOWITZ KOENIG & COMPANY
Auditor EIN: 132963250
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,577

$64,954-29.8%

$115,752-60.6%

$62,292-26.8%

Participation rate

94.1%

73.0%+21.1pp

77.8%+16.4pp

69.5%+24.6pp

Annual return

13.22%

24.87%-11.6pp

19.41%-6.2pp

28.90%-15.7pp

Employer contribution / active EE

$2,293

$2,344-2.2%

$3,492-34.4%

$2,042+12.3%

Participant deferral / active EE

$2,686

$3,665-26.7%

$5,204-48.4%

$3,169-15.2%

Admin fee / account holder

$414-98.3%

$6,278-99.9%

$479-98.6%

Provider

Service type

Compensation

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE TRUST COMPANY

Service code 18 · EIN 20-0937408

Custodial (other than securities); Di...

$7,824

PREFERRED PENSION CONCEPTS, INC.3+ years

Filed as: PREFERRED PENSION CONCEPTS INC

Service code 64 · EIN 13-3384874

Recordkeeping Fees

$2,178

401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PLAN FOR EES OF UTILITIES & INDUSTRIES MGT. CORP. & AFFILIATES

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