Retirement plan

J. L. SMITH GROUP SAFE HARBOR 401(K) PROFIT AND SHARE PLAN

Name: THE JL SMITH GROUP, INC - J. L. SMITH GROUP SAFE HARBOR 401(K) PROFIT AND SHARE PLAN (2015) Form 5500
Creator: THE JL SMITH GROUP, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J. L. SMITH GROUP SAFE HARBOR 401(K) PROFIT AND SHARE PLAN, THE JL SMITH GROUP, INC

THE JL SMITH GROUP, INCEIN 20-8088326Plan #001PY 2015

36610 DETROIT RD. - AVON, OH 44011440-934-9181

Prospect flagsLow returnsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$265K

No prior year

Total participants

No prior year

Average account balance

$37,816

No prior year

Annual return

-4.44%

No prior year

Benchmarks

See 27,820 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort27,820 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.25M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$415K

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

+10.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4149

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D2T

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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.

Expense breakdown

Schedule H Part II

Admin total

$3K

$386 / participant

Other / not subdivided$3K100.0%

% of EOY assets

1.021%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,816

$140,592-73.1%

$123,105-69.3%

$125,389-69.8%

Participation rate

85.7%

88.2%-2.5pp

86.8%-1.1pp

83.2%+2.5pp

Annual return

-4.44%

16.80%-21.2pp

13.22%-17.7pp

282.24%-286.7pp

Employer contribution / active EE

$609

$6,041-89.9%

$5,151-88.2%

$4,866-87.5%

Participant deferral / active EE

$7,680

$6,980+10.0%

$6,229+23.3%

$5,352+43.5%

Admin fee / account holder

$386

$11,198-96.6%

$9,014-95.7%

$9,541-96.0%

J. L. SMITH GROUP SAFE HARBOR 401(K) PROFIT AND SHARE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J. L. SMITH GROUP SAFE HARBOR 401(K) PROFIT AND SHARE 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