Retirement plan

STAFF-LINE, INC RETIREMENT SAVINGS PLAN

Name: STAFF LINE, INC - STAFF-LINE, INC RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: STAFF LINE, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STAFF-LINE, INC RETIREMENT SAVINGS PLAN, STAFF LINE, INC

STAFF LINE, INCEIN 14-1751414Plan #333PY 2016

53 ACADEMY ST - POUGHKEEPSIE, NY 126014113845-471-1200

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

Top hat statement on fileNQDC

Filed December 24, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$20.3M

+1.5% from 2015

Total participants

694

-11.4% from 2015

Average account balance

$49,249

+13.8% from 2015

Annual return

-2.77%

-2.22 pp from 2015

Benchmarks

See 2,524 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,524 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$48.41M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

770

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.

39.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+28.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$277

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
BPAS2+ years Service code 14 · EIN 16-1065416 6 RHOADS DRIVE · UTICA, NY 13502	Plan Administrator	$91,856
CAMBRIDGE INVESTMENT RESEARCH2+ years Service code 27 · EIN 42-1445429 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 525568757	Advisory (Plan)	$20,082
D'ARCANGELO & CO., LLP2+ years Service code 10 · EIN 13-2550103 510 HAIGHT AVENUE · POUGHKEEPSIE, NY 12603	Accounting	$14,500

Plan features & details

Pension benefit codes2E2F2G2J2K2T2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$126K

$213 / participant

Investment mgmt$92K72.4%
Contract admin$20K16.2%
Other / not subdivided$15K11.5%

% of EOY assets

0.622%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: D'ARCANGELO & CO., LLP
Auditor EIN: 132550103
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,249

$80,177-38.6%

$123,892-60.2%

$57,658-14.6%

Participation rate

52.7%

74.4%-21.7pp

81.4%-28.7pp

70.2%-17.5pp

Annual return

-2.77%

17.90%-20.7pp

47.52%-50.3pp

5.13%-7.9pp

Employer contribution / active EE

$775

$2,913-73.4%

$4,617-83.2%

$1,974-60.7%

Participant deferral / active EE

$2,101

$5,130-59.0%

$5,984-64.9%

$3,061-31.4%

Admin fee / account holder

$306

$106+188.0%

$8,357-96.3%

$95+223.8%

Provider

Service type

Compensation

BPAS2+ years

Service code 14 · EIN 16-1065416

6 RHOADS DRIVE · UTICA, NY 13502

Plan Administrator

$91,856

CAMBRIDGE INVESTMENT RESEARCH2+ years

Service code 27 · EIN 42-1445429

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 525568757

Advisory (Plan)

$20,082

D'ARCANGELO & CO., LLP2+ years

Service code 10 · EIN 13-2550103

510 HAIGHT AVENUE · POUGHKEEPSIE, NY 12603

Accounting

$14,500

STAFF-LINE, INC RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STAFF-LINE, INC RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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