Retirement plan

PAUL MILLER, INC. & ITS AFFILIATES 401(K) PROFIT SHARING PLAN

Name: PAUL MILLER, INC. - PAUL MILLER, INC. & ITS AFFILIATES 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: PAUL MILLER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAUL MILLER, INC. & ITS AFFILIATES 401(K) PROFIT SHARING PLAN, PAUL MILLER, INC.

PAUL MILLER, INC.EIN 22-2106441Plan #001PY 2016

179 US ROUTE 46 - PARSIPPANY, NJ 07054973-575-4450

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$17.9M

+13.2% from 2015

Total participants

720

+13.4% from 2015

Average account balance

$34,628

+3.6% from 2015

Annual return

7.97%

+7.54 pp from 2015

Benchmarks

See 1,184 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,184 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.49M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

922

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.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$193

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$129,050
RAYMOND JAMES FINANCIAL SERVICES2+ years Filed as: RAYMOND JAMES FINANCIAL SRVCS Service code 26 P O BOX 14527 · ST PETERSBURG, FL 33733	Advisory (Participants)	$48,925
MORGAN STANLEY SMITH BARNEY1 year Service code 26 1 NEW YORK PLAZA, 12TH FL · NEW YORK, NY 10004	Advisory (Participants)	$14,651
INTAC ACTUARIAL SERVICES2+ years Service code 14 · EIN 11-3401702 545 ROUTE 17 SOUTH · RIDGEWOOD, NJ 07450	Plan Administrator	$12,095

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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: WITHUM SMITH & BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,628

$37,044-6.5%

$71,796-51.8%

$57,658-39.9%

Participation rate

61.3%

61.1%+0.2pp

69.1%-7.8pp

70.2%-8.9pp

Annual return

7.97%

12.64%-4.7pp

78.04%-70.1pp

5.13%+2.8pp

Employer contribution / active EE

$319

$720-55.7%

$1,924-83.4%

$1,974-83.9%

Participant deferral / active EE

$3,391

$1,974+71.8%

$2,794+21.3%

$3,061+10.8%

Admin fee / account holder

$101-100.0%

$4,815-100.0%

$95-100.0%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$129,050

RAYMOND JAMES FINANCIAL SERVICES2+ years

Filed as: RAYMOND JAMES FINANCIAL SRVCS

Service code 26

P O BOX 14527 · ST PETERSBURG, FL 33733

Advisory (Participants)

$48,925

MORGAN STANLEY SMITH BARNEY1 year

Service code 26

1 NEW YORK PLAZA, 12TH FL · NEW YORK, NY 10004

Advisory (Participants)

$14,651

INTAC ACTUARIAL SERVICES2+ years

Service code 14 · EIN 11-3401702

545 ROUTE 17 SOUTH · RIDGEWOOD, NJ 07450

Plan Administrator

$12,095

PAUL MILLER, INC. & ITS AFFILIATES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PAUL MILLER, INC. & ITS AFFILIATES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion