Retirement plan

DIGITAL ALLY, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: DIGITAL ALLY, INC. - DIGITAL ALLY, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: DIGITAL ALLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIGITAL ALLY, INC. 401(K) PROFIT SHARING PLAN AND TRUST, DIGITAL ALLY, INC.

DIGITAL ALLY, INC.EIN 20-0064269Plan #001PY 2018

9705 LOIRET BLVD. - LENEXA, KS 66219913-814-7774digitalallyinc.comLinkedIn51-200 employeespublic safety

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.1M

-9.9% from 2017

Total participants

124

-15.6% from 2017

Average account balance

$36,322

-4.6% from 2017

Annual return

-7.49%

-14.55 pp from 2017

Benchmarks

See 25,535 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,535 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.67M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

187.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$477K

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

+10.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20852

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 5 by compensation

Provider	Service type	Compensation
AEGIS CAPITAL CORP1 year Service code 22	Insurance Broker	$33,336
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044	Recordkeeping	$24,163
ACG ASSOCIATES, INC.1 year Service code 15 · EIN 06-1093852	Recordkeeping	$1,500
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Service code 27 · EIN 26-4311657	Advisory (Plan)	$1,111
AEGIS CAPITAL CORP1 year Filed as: AEGIS CAPITAL CORP. Service code 22 · EIN 11-2671906	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2H2J2K3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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 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.)

Expense breakdown

Schedule H Part II

Admin total

$27K

$342 / participant

Contract admin$27K100.0%

% of EOY assets

0.886%

all-in expense ratio

Categories reported

1 / 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: HMM, CPAS, LLC
Auditor EIN: 465416249
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,322

$77,817-53.3%

$123,553-70.6%

$64,173-43.4%

Participation rate

51.2%

74.7%-23.5pp

82.3%-31.0pp

69.6%-18.3pp

Annual return

-7.49%

12.49%-20.0pp

119.21%-126.7pp

7.63%-15.1pp

Employer contribution / active EE

$1,419

$3,014-52.9%

$4,628-69.3%

$2,381-40.4%

Participant deferral / active EE

$3,306

$5,240-36.9%

$6,426-48.6%

$3,470-4.7%

Admin fee / account holder

$322

$5,519-94.2%

$9,284-96.5%

$4,887-93.4%

Provider

Service type

Compensation

AEGIS CAPITAL CORP1 year

Service code 22

Insurance Broker

$33,336

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

Recordkeeping

$24,163

ACG ASSOCIATES, INC.1 year

Service code 15 · EIN 06-1093852

Recordkeeping

$1,500

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Service code 27 · EIN 26-4311657

Advisory (Plan)

$1,111

AEGIS CAPITAL CORP1 year

Filed as: AEGIS CAPITAL CORP.

Service code 22 · EIN 11-2671906

Insurance Broker

DIGITAL ALLY, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIGITAL ALLY, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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