Retirement plan

PROVERB ASSOCIATES, LLC PROFIT SHARING/401(K) PLAN

Name: PROVERB ASSOCIATES, LLC C/O CARNOW AND ASSOCIATES, LTD. - PROVERB ASSOCIATES, LLC PROFIT SHARING/401(K) PLAN (2018) Form 5500
Creator: PROVERB ASSOCIATES, LLC C/O CARNOW AND ASSOCIATES, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROVERB ASSOCIATES, LLC PROFIT SHARING/401(K) PLAN, PROVERB ASSOCIATES, LLC C/O CARNOW AND ASSOCIATES, LTD.

PROVERB ASSOCIATES, LLC C/O CARNOW AND ASSOCIATES, LTD.EIN 20-0092016Plan #001PY 2018

778 FRONTAGE ROAD, SUITE 101 - NORTHFIELD, IL 60093847-501-4622proverbassociates.comLinkedIn1-10 employeesmarketing and advertising

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$729K

+2.2% from 2017

Total participants

-16.7% from 2017

Average account balance

$242,929

+36.2% from 2017

Annual return

-5.05%

-4.53 pp from 2017

Benchmarks

See 116,756 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort116,756 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.52M

Not enough data

1 years with asset history on file

Average account balance

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

$508K

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$985

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

+12.14%

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

0 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 codes2E2G2J3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$753

$151 / participant

Other / not subdivided$753100.0%

% of EOY assets

0.103%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$242,929

$138,076+75.9%

$123,553+96.6%

$135,380+79.4%

Participation rate

60.0%

84.7%-24.7pp

82.3%-22.3pp

82.6%-22.6pp

Annual return

-5.05%

153.70%-158.7pp

119.21%-124.3pp

519.81%-524.9pp

Employer contribution / active EE

$1,999

$5,152-61.2%

$4,628-56.8%

$4,779-58.2%

Participant deferral / active EE

$8,420

$6,800+23.8%

$6,426+31.0%

$5,609+50.1%

Admin fee / account holder

$251

$10,917-97.7%

$9,284-97.3%

$10,828-97.7%

PROVERB ASSOCIATES, LLC PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROVERB ASSOCIATES, LLC PROFIT SHARING/401(K) 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