Retirement plan

FIRST CONSULTING, INC. 401(K) SAVINGS PLAN

Name: FIRST CONSULTING, INC. - FIRST CONSULTING, INC. 401(K) SAVINGS PLAN (2017) Form 5500
Creator: FIRST CONSULTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST CONSULTING, INC. 401(K) SAVINGS PLAN, FIRST CONSULTING, INC.

FIRST CONSULTING, INC.EIN 16-1525067Plan #001PY 2017

P.O. BOX 20710 - ROCHESTER, NY 14602585-671-0477first5consulting.comLinkedIn1-10 employeesmanagement consulting

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$11.1M

+21.4% from 2016

Total participants

128

-3.0% from 2016

Average account balance

$111,960

+16.5% from 2016

Annual return

17.98%

+12.03 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.50M

Not enough data

1 years with asset history on file

Average account balance

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

$174K

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.

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.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$503K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43356

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

0 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
NATIONWIDE3+ years Service code 51 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Mgmt Fees	$69,918
CADARET GRANT & CO INC3+ years Filed as: CADARET GRANT & COMPANY, INC. Service code 71	Brokerage Fees	$49,629
CADARET GRANT & CO INC3+ years Filed as: CADARET GRANT & COMPANY INC. Service code 71 110 W FAYETTE ST., 5TH FL. · SYRACUSE, NY 13202	Brokerage Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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.
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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

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: GREENBAUM, SAIGER & KASDIN, PC
Auditor EIN: 161364732
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,960

$80,753+38.6%

$136,297-17.9%

$62,293+79.7%

Participation rate

72.6%

73.5%-0.9pp

81.9%-9.3pp

69.5%+3.1pp

Annual return

17.98%

35.83%-17.9pp

5156.19%-5138.2pp

28.90%-10.9pp

Employer contribution / active EE

$486

$2,884-83.2%

$4,696-89.7%

$2,042-76.2%

Participant deferral / active EE

$8,172

$5,164+58.2%

$6,247+30.8%

$3,169+157.9%

Admin fee / account holder

$525-100.0%

$9,244-100.0%

$479-100.0%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 51

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Mgmt Fees

$69,918

CADARET GRANT & CO INC3+ years

Filed as: CADARET GRANT & COMPANY, INC.

Service code 71

Brokerage Fees

$49,629

CADARET GRANT & CO INC3+ years

Filed as: CADARET GRANT & COMPANY INC.

Service code 71

110 W FAYETTE ST., 5TH FL. · SYRACUSE, NY 13202

Brokerage Fees

FIRST CONSULTING, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FIRST CONSULTING, INC. 401(K) SAVINGS 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