Retirement plan

FUSEFX 401(K) RETIREMENT PLAN

Name: FUSEFX, INC. - FUSEFX 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: FUSEFX, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FUSEFX 401(K) RETIREMENT PLAN, FUSEFX, INC.

FUSEFX, INC.EIN 20-5250211Plan #001PY 2018

14823 CALIFA STREET - SHERMAN OAKS, CA 91411818-237-5052

Prospect flagsLow returnsHigh feesLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$5.6M

+21.2% from 2017

Total participants

182

+17.4% from 2017

Average account balance

$43,691

-6.3% from 2017

Annual return

-11.00%

-31.57 pp from 2017

Benchmarks

See 599 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort599 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.53M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

195

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.

83.7%

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

$22K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$447

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$42,253
R-TECH CONSULTANTS, INC.2 years Filed as: R-TECH ADVISORS, INC. Service code 27 21331 COSTANSO STREET · WOODLAND HILLS, CA 91364	Advisory (Plan)	$15,765
R-TECH CONSULTANTS, INC.1 year Filed as: R-TECH CONSULTATNS, INC. Service code 13	Contract Administrator	$4,875
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,513
R-TECH CONSULTANTS, INC.2 years Service code 13 21331 COSTANSO STREET · WOODLAND HILLS, CA 91364	Contract Administrator	$1,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$42K

$276 / participant

Contract admin$42K100.0%

% of EOY assets

0.756%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,691

$44,221-1.2%

$121,220-64.0%

$56,289-22.4%

Participation rate

64.7%

61.1%+3.6pp

71.8%-7.1pp

69.9%-5.1pp

Annual return

-11.00%

-3.58%-7.4pp

16.94%-27.9pp

-9.96%-1.0pp

Employer contribution / active EE

$3,334

$1,480+125.3%

$4,023-17.1%

$2,111+57.9%

Participant deferral / active EE

$6,960

$2,521+176.1%

$3,345+108.1%

$3,350+107.8%

Admin fee / account holder

$330

$480-31.2%

$5,021-93.4%

$521-36.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$42,253

R-TECH CONSULTANTS, INC.2 years

Filed as: R-TECH ADVISORS, INC.

Service code 27

21331 COSTANSO STREET · WOODLAND HILLS, CA 91364

Advisory (Plan)

$15,765

R-TECH CONSULTANTS, INC.1 year

Filed as: R-TECH CONSULTATNS, INC.

Service code 13

Contract Administrator

$4,875

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,513

R-TECH CONSULTANTS, INC.2 years

Service code 13

21331 COSTANSO STREET · WOODLAND HILLS, CA 91364

Contract Administrator

$1,000

FUSEFX 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FUSEFX 401(K) RETIREMENT 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