Retirement plan

HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN

Name: HERBERT J. SIMS & CO., INC. - HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN (2016) Form 5500
Creator: HERBERT J. SIMS & CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN, HERBERT J. SIMS & CO., INC.

HERBERT J. SIMS & CO., INC.EIN 13-5213180Plan #002PY 2016

2150 POST ROAD, SUITE 301 - FAIRFIELD, CT 06824203-418-9000

Other plans on this EIN

1 filing

#003Retirement-$70K assets

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$14.7M

+21.7% from 2015

Total participants

115

+53.3% from 2015

Average account balance

$128,108

-20.6% from 2015

Annual return

29.03%

+22.86 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.15M

Not enough data

1 years with asset history on file

Average account balance

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

$230K

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.

131

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.

82.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$543

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$1.6M

$13744 / participant

Other / not subdivided$2M100.0%

% of EOY assets

10.542%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$128,108

$74,089+72.9%

$133,975-4.4%

$55,167+132.2%

Participation rate

100.0%

84.3%+15.7pp

87.1%+12.9pp

69.0%+31.0pp

Annual return

29.03%

12.11%+16.9pp

29.29%-0.3pp

169.23%-140.2pp

Employer contribution / active EE

$3,064-100.0%

$5,211-100.0%

$1,963-100.0%

Participant deferral / active EE

$5,809

$4,678+24.2%

$6,282-7.5%

$3,054+90.2%

Admin fee / account holder

$13,505

$458+2847.5%

$9,324+44.8%

$504+2580.0%

HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERBERT J. SIMS & CO., INC. 401(K) SAVINGS & 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