Retirement plan

THE FORT MILLER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: THE FORT MILLER GROUP, INC. - THE FORT MILLER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2022) 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, INC. EMPLOYEE STOCK OWNERSHIP PLAN, THE FORT MILLER GROUP, INC.

THE FORT MILLER GROUP, INC.EIN 14-1459087Plan #003PY 2022

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

Other plans on this EIN

1 filing

#002Retirement-$65.8M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$49.7M

+10.6% from 2021

Total participants

395

-4.1% from 2021

Average account balance

$126,379

+14.6% from 2021

Annual return

5.60%

-31.56 pp from 2021

Benchmarks

See 251 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort251 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$91.42M

Not enough data

1 years with asset history on file

Average account balance

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

$224K

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.

409

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.

99.5%

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

$7K

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

+46.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2P3H3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TEAL BECKER & CHIARAMONTE
Auditor EIN: 141624930
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,379

$74,188+70.3%

$115,756+9.2%

$64,819+95.0%

Participation rate

99.4%

76.2%+23.2pp

77.1%+22.3pp

71.5%+28.0pp

Annual return

5.60%

-11.81%+17.4pp

143.14%-137.5pp

32.84%-27.2pp

Employer contribution / active EE

$7,926

$3,365+135.6%

$3,793+109.0%

$2,507+216.2%

Participant deferral / active EE

$5,294-100.0%

$6,254-100.0%

$4,311-100.0%

Admin fee / account holder

$148-100.0%

$8,124-100.0%

$188-100.0%

THE FORT MILLER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

THE FORT MILLER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion