Retirement plan

STERLING EQUITIES ASSOCIATES EMPLOYEES RETIREMENT PLAN

Name: STERLING EQUITIES ASSOCIATES, LLC. - STERLING EQUITIES ASSOCIATES EMPLOYEES RETIREMENT PLAN (2016) Form 5500
Creator: STERLING EQUITIES ASSOCIATES, LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STERLING EQUITIES ASSOCIATES EMPLOYEES RETIREMENT PLAN, STERLING EQUITIES ASSOCIATES, LLC.

STERLING EQUITIES ASSOCIATES, LLC.EIN 13-2749022Plan #001PY 2016

111 GREAT NECK ROAD, SUITE 408 - GREAT NECK, NY 11021516-504-2189sterlingequities.comLinkedIn51-200 employeesreal estate

Prospect flagsFailed to provide benefitCorrective distributionsLoss discovered

How to read this page

Total assets (EOY)

$22.3M

+7.9% from 2015

Total participants

265

+10.0% from 2015

Average account balance

$91,472

-9.8% from 2015

Annual return

7.40%

-2.56 pp from 2015

Benchmarks

See 896 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort896 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.00M

Not enough data

1 years with asset history on file

Average account balance

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

$225K

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.

187

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

$2.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+13.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-84

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 4 by compensation

Provider	Service type	Compensation
FIRST CLEARING LLC1 year Service code 55 · EIN 23-2384840	Other Commissions	$38,567
SECURITIES AMERICA INC2+ years Filed as: M&T SECURITIES Service code 55 ATTN VICKIE · BUFFALO, NY 14202	Other Commissions	$15,095
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 48-1305000	Advisory (Plan)	$10,807
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	-$18,861

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

3 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
ComplianceLoss discovered
Plan reported the discovery of a loss from fraud or dishonesty.

Expense breakdown

Schedule H Part II

Admin total

$36K

$298 / participant

Other / not subdivided$36K100.0%

% of EOY assets

0.160%

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: DOUGLAS J. FREEMAN,CPA
Auditor EIN: 113415651
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,472

$50,898+79.7%

$171,082-46.5%

$55,167+65.8%

Participation rate

82.5%

63.3%+19.2pp

76.7%+5.8pp

69.0%+13.5pp

Annual return

7.40%

15.34%-7.9pp

32.56%-25.2pp

169.23%-161.8pp

Employer contribution / active EE

$1,931

$1,433+34.7%

$4,002-51.8%

$1,963-1.6%

Participant deferral / active EE

$8,402

$2,994+180.6%

$4,797+75.1%

$3,054+175.1%

Admin fee / account holder

$146

$500-70.7%

$8,520-98.3%

$504-71.0%

Provider

Service type

Compensation

FIRST CLEARING LLC1 year

Service code 55 · EIN 23-2384840

Other Commissions

$38,567

SECURITIES AMERICA INC2+ years

Filed as: M&T SECURITIES

Service code 55

ATTN VICKIE · BUFFALO, NY 14202

Other Commissions

$15,095

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 48-1305000

Advisory (Plan)

$10,807

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$18,861

STERLING EQUITIES ASSOCIATES EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STERLING EQUITIES ASSOCIATES EMPLOYEES RETIREMENT 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