Retirement plan

FLOWER CITY GROUP, INC. SAVINGS PLAN

Name: FLOWER CITY GROUP, INC. - FLOWER CITY GROUP, INC. SAVINGS PLAN (2016) Form 5500
Creator: FLOWER CITY GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLOWER CITY GROUP, INC. SAVINGS PLAN, FLOWER CITY GROUP, INC.

FLOWER CITY GROUP, INC.EIN 20-3200871Plan #002PY 2016

1725 MT. READ BLVD. - ROCHESTER, NY 14606585-663-9000flowercitygroup.comLinkedIn201-500 employeesprinting

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$15.6M

+12.9% from 2015

Total participants

361

+0.3% from 2015

Average account balance

$43,226

+12.6% from 2015

Annual return

11.28%

+12.82 pp from 2015

Benchmarks

See 1,139 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,139 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.25M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

237

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+10.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$349

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2+ years Filed as: UBS FINANCIAL SERVICES INC. IS BILL Service code 70 · EIN 13-2638166	Consulting Fees	$34,301
BONADIO & CO., LLP2+ years Filed as: THE BONADIO GROUP Service code 49 · EIN 16-1131146	Other Services	$7,700
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Service code 13 · EIN 06-1050034	Contract Administrator	$7,506

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H2S

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$58K

$182 / participant

Other / not subdivided$58K100.0%

% of EOY assets

0.371%

all-in expense ratio

Categories reported

0 / 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: BONADIO AND CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,226

$74,024-41.6%

$78,002-44.6%

$57,658-25.0%

Participation rate

100.0%

79.7%+20.3pp

75.5%+24.5pp

70.2%+29.8pp

Annual return

11.28%

12.14%-0.9pp

425.99%-414.7pp

5.13%+6.1pp

Employer contribution / active EE

$219

$2,365-90.7%

$2,470-91.1%

$1,974-88.9%

Participant deferral / active EE

$3,197

$3,533-9.5%

$3,497-8.6%

$3,061+4.5%

Admin fee / account holder

$160

$93+72.0%

$5,481-97.1%

$95+69.6%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2+ years

Filed as: UBS FINANCIAL SERVICES INC. IS BILL

Service code 70 · EIN 13-2638166

Consulting Fees

$34,301

BONADIO & CO., LLP2+ years

Filed as: THE BONADIO GROUP

Service code 49 · EIN 16-1131146

Other Services

$7,700

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$7,506

FLOWER CITY GROUP, INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLOWER CITY GROUP, INC. SAVINGS 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