Retirement plan

BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST

Name: BANNER PROPERTY MANAGEMENT, LLC - BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST (2016) Form 5500
Creator: BANNER PROPERTY MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST, BANNER PROPERTY MANAGEMENT, LLC

BANNER PROPERTY MANAGEMENT, LLCEIN 20-1342591Plan #001PY 2016

500 SKOKIE BLVD., SUITE 600 - NORTHBROOK, IL 60062847-501-5450bannerapartments.comLinkedIn201-500 employeesreal estate

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$5.2M

+11.8% from 2015

Total participants

192

-16.2% from 2015

Average account balance

$31,222

+39.5% from 2015

Annual return

9.59%

+9.49 pp from 2015

Benchmarks

See 896 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort896 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.64M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

130

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.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+17.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$413

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

Top 3 by compensation

Provider	Service type	Compensation
SHORE TOMPKINS ACTUARIAL RESOURCES1 year Service code 13 2 N RIVERSIDE PLAZA, SUITE 1230 · MOKENA, IL 60606	Contract Administrator	$5,458
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$2,439
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 55 425 N MARTINGALE ROAD, SUITE 760 · SCHAUMBURG, IL 60173	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$8K

$51 / participant

Contract admin$6K81.9%
Other / not subdivided$1K18.1%

% of EOY assets

0.148%

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: DUFEK & COMPANY, LLC
Auditor EIN: 271515696
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,222

$50,898-38.7%

$171,082-81.8%

$55,167-43.4%

Participation rate

81.9%

63.3%+18.6pp

76.7%+5.2pp

69.0%+12.9pp

Annual return

9.59%

15.34%-5.8pp

32.56%-23.0pp

169.23%-159.6pp

Employer contribution / active EE

$782

$1,433-45.4%

$4,002-80.5%

$1,963-60.1%

Participant deferral / active EE

$3,290

$2,994+9.9%

$4,797-31.4%

$3,054+7.7%

Admin fee / account holder

$46

$500-90.7%

$8,520-99.5%

$504-90.8%

Provider

Service type

Compensation

SHORE TOMPKINS ACTUARIAL RESOURCES1 year

Service code 13

2 N RIVERSIDE PLAZA, SUITE 1230 · MOKENA, IL 60606

Contract Administrator

$5,458

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$2,439

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 55

425 N MARTINGALE ROAD, SUITE 760 · SCHAUMBURG, IL 60173

Other Commissions

BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANNER PROPERTY MANAGEMENT, LLC 401(K) 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