Retirement plan

ST. MICHAEL'S, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: ST. MICHAEL'S, INC. - ST. MICHAEL'S, INC. 401(K) PROFIT SHARING PLAN & TRUST (2019) Form 5500
Creator: ST. MICHAEL'S, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ST. MICHAEL'S, INC. 401(K) PROFIT SHARING PLAN & TRUST, ST. MICHAEL'S, INC.

ST. MICHAEL'S, INC.EIN 20-5146971Plan #001PY 2019

13580 GROUPE DRIVE, SUITE 201 - WOODBRIDGE, VA 22192703-463-9463stmichaelsinc.comLinkedIn51-200 employeesmanagement consulting

Other plans on this EIN

1 filing

#002Retirement-$2.7M assets

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$5.6M

+15.4% from 2018

Total participants

134

-11.3% from 2018

Average account balance

$52,431

+35.9% from 2018

Annual return

26.17%

+30.50 pp from 2018

Benchmarks

See 25,911 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,911 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.84M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

167

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$297

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
EDWARD JONES2 years Filed as: EDWARD D. JONES & CO, L.P. Service code 26 · EIN 43-0345811	Advisory (Participants)	$15,021
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Service code 15 · EIN 01-0233346	Recordkeeping	$1,529
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ASSOCIATES INC Service code 26 · EIN 95-2755361	Advisory (Participants)	$1,056

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$45K

$468 / participant

Investment mgmt$16K36.1%
Contract admin$20K45.3%
Other / not subdivided$8K18.6%

% of EOY assets

0.793%

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: DAVIDSON, DOYLE & HILTON, LLP
Auditor EIN: 541953476
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,431

$89,367-41.3%

$141,191-62.9%

$72,975-28.2%

Participation rate

71.6%

75.1%-3.5pp

82.5%-10.9pp

69.5%+2.1pp

Annual return

26.17%

111.87%-85.7pp

71.41%-45.2pp

81.01%-54.8pp

Employer contribution / active EE

$3,394

$3,115+9.0%

$4,736-28.3%

$2,440+39.1%

Participant deferral / active EE

$7,661

$5,419+41.4%

$6,710+14.2%

$3,608+112.4%

Admin fee / account holder

$416

$5,957-93.0%

$10,264-95.9%

$5,124-91.9%

Provider

Service type

Compensation

EDWARD JONES2 years

Filed as: EDWARD D. JONES & CO, L.P.

Service code 26 · EIN 43-0345811

Advisory (Participants)

$15,021

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Service code 15 · EIN 01-0233346

Recordkeeping

$1,529

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ASSOCIATES INC

Service code 26 · EIN 95-2755361

Advisory (Participants)

$1,056

ST. MICHAEL'S, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST. MICHAEL'S, INC. 401(K) PROFIT SHARING PLAN & 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