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 (2018) 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 2018

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

Other plans on this EIN

1 filing

#003Retirement-$244K assets

Prospect flagsHigh cashLow employer contribution

How to read this page

Total assets (EOY)

$16.4M

-6.1% from 2017

Total participants

-26.1% from 2017

Average account balance

$166,012

-15.5% from 2017

Annual return

-6.59%

-23.12 pp from 2017

Benchmarks

See 7,475 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,475 peers

Snapshot2018

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

Top 3 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1 year Service code 13 · EIN 06-1050034	Contract Administrator	$1,311
AMERICAN PORTFOLIOS FINANCIAL1 year Filed as: AMERICAN PORTFOLIOS FIN SVCS INC Service code 33 · EIN 11-3018002	Securities brokerage commissions and ...	$0
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

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

OpportunityLow employer contribution
Employer contribution per participant 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

$15 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.008%

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: TARLOW & CO., C.P.A.'S
Auditor EIN: 133587163
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$166,012

$94,529+75.6%

$140,019+18.6%

$64,173+158.7%

Participation rate

100.0%

84.1%+15.9pp

87.5%+12.5pp

69.6%+30.4pp

Annual return

-6.59%

7.77%-14.4pp

651.17%-657.8pp

7.63%-14.2pp

Employer contribution / active EE

$855

$3,812-77.6%

$5,605-84.7%

$2,381-64.1%

Participant deferral / active EE

$10,968

$5,250+108.9%

$6,927+58.3%

$3,470+216.1%

Admin fee / account holder

$14

$6,741-99.8%

$10,705-99.9%

$4,887-99.7%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Service code 13 · EIN 06-1050034

Contract Administrator

$1,311

AMERICAN PORTFOLIOS FINANCIAL1 year

Filed as: AMERICAN PORTFOLIOS FIN SVCS INC

Service code 33 · EIN 11-3018002

Securities brokerage commissions and ...

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

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