Retirement plan

THE FORT MILLER GROUP INCENTIVE SAVINGS PLAN

Name: THE FORT MILLER GROUP, INC. - THE FORT MILLER GROUP INCENTIVE SAVINGS PLAN (2016) Form 5500
Creator: THE FORT MILLER GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE FORT MILLER GROUP INCENTIVE SAVINGS PLAN, THE FORT MILLER GROUP, INC.

THE FORT MILLER GROUP, INC.EIN 14-1459087Plan #002PY 2016

P. O. BOX 98 - SCHUYLERVILLE, NY 12871518-695-5000fmgroup.comLinkedIn201-500 employeesconsumer goods

Other plans on this EIN

1 filing

#001Retirement-$4.2M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$42.4M

+6.6% from 2015

Total participants

514

+5.1% from 2015

Average account balance

$86,051

+1.8% from 2015

Annual return

9.95%

+9.95 pp from 2015

Benchmarks

See 236 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort236 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$81.37M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

574

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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
THE BANK OF NEW YORK MELLON2+ years Filed as: BANK OF AMERICA Service code 52	Indirect Investment Fees	$136,821
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$59,085
RELIANCE TRUST COMPANY2+ years Service code 19 · EIN 58-1428634	Securities Custodian	$282
THE BANK OF NEW YORK MELLON2+ years Filed as: BANK OF AMERICA CORPORATION Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$9K

$22 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.021%

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: TEAL BECKER & CHIARAMONTE CAPS P.C.
Auditor EIN: 141624930
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,051

$65,820+30.7%

$108,745-20.9%

$57,658+49.2%

Participation rate

94.9%

72.7%+22.2pp

77.7%+17.3pp

70.2%+24.7pp

Annual return

9.95%

21.32%-11.4pp

46.22%-36.3pp

5.13%+4.8pp

Employer contribution / active EE

$3,027

$2,285+32.4%

$3,323-8.9%

$1,974+53.3%

Participant deferral / active EE

$4,710

$3,578+31.7%

$5,121-8.0%

$3,061+53.9%

Admin fee / account holder

$18

$91-80.1%

$6,144-99.7%

$95-80.8%

Provider

Service type

Compensation

THE BANK OF NEW YORK MELLON2+ years

Filed as: BANK OF AMERICA

Service code 52

Indirect Investment Fees

$136,821

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$59,085

RELIANCE TRUST COMPANY2+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$282

THE BANK OF NEW YORK MELLON2+ years

Filed as: BANK OF AMERICA CORPORATION

Service code 52 · EIN 94-1687665

Indirect Investment Fees

THE FORT MILLER GROUP INCENTIVE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE FORT MILLER GROUP INCENTIVE SAVINGS 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