Retirement plan

OPENSYMMETRY, LLC EMPLOYEES SAVINGS TRUST

Name: OPENSYMMETRY, LLC - OPENSYMMETRY, LLC EMPLOYEES SAVINGS TRUST (2015) Form 5500
Creator: OPENSYMMETRY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPENSYMMETRY, LLC EMPLOYEES SAVINGS TRUST, OPENSYMMETRY, LLC

OPENSYMMETRY, LLCEIN 20-1835461Plan #001PY 2015

9225 BEE CAVES RD. BLDG. A, SUITE 100 - AUSTIN, TX 78733877-261-2667opensymmetry.comLinkedIn51-200 employeesmanagement consulting

Prospect flagsLow returnsLow participationLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3M

No prior year

Total participants

146

No prior year

Average account balance

$32,072

No prior year

Annual return

-2.35%

No prior year

Benchmarks

See 4,662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort4,662 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.70M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

89.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

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

+14.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$521

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 2 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: AUSTIN FINANCIAL PARTNERS Service code 27 8911 N. CAPITAL OF TEXAS HWY #3110 · AUSTIN, TX 78759	Advisory (Plan)	$12,818
CPI QUALIFIED PLAN CONSULTANTS, INC1+ years Service code 12 · EIN 48-1205033 1809 24TH STREET · GREAT BEND, KS 67530	Recordkeeping fees; Sub-transfer agen...	$7,290

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R3B3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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).

Expense breakdown

Schedule H Part II

Admin total

$18K

$149 / participant

Investment mgmt$13K70.5%
Contract admin$5K29.5%

% of EOY assets

0.604%

all-in expense ratio

Categories reported

2 / 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: PEGGY S. EDGE, CPA, LLC
Auditor EIN: 264221663
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,072

$70,002-54.2%

$115,038-72.1%

$52,331-38.7%

Participation rate

57.4%

72.1%-14.7pp

81.4%-24.0pp

68.1%-10.7pp

Annual return

-2.35%

4.04%-6.4pp

26.14%-28.5pp

4.54%-6.9pp

Employer contribution / active EE

$2,127

$2,715-21.7%

$4,608-53.8%

$1,882+13.0%

Participant deferral / active EE

$4,345

$4,920-11.7%

$6,026-27.9%

$3,022+43.8%

Admin fee / account holder

$194

$566-65.8%

$8,175-97.6%

$592-67.3%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: AUSTIN FINANCIAL PARTNERS

Service code 27

8911 N. CAPITAL OF TEXAS HWY #3110 · AUSTIN, TX 78759

Advisory (Plan)

$12,818

CPI QUALIFIED PLAN CONSULTANTS, INC1+ years

Service code 12 · EIN 48-1205033

1809 24TH STREET · GREAT BEND, KS 67530

Recordkeeping fees; Sub-transfer agen...

$7,290

OPENSYMMETRY, LLC EMPLOYEES SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPENSYMMETRY, LLC EMPLOYEES SAVINGS 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