Retirement plan

PAUL MILLER & ITS AFFILIATES 401(K) PLAN

Name: PAUL MILLER, INC. - PAUL MILLER & ITS AFFILIATES 401(K) PLAN (2018) Form 5500
Creator: PAUL MILLER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAUL MILLER & ITS AFFILIATES 401(K) PLAN, PAUL MILLER, INC.

PAUL MILLER, INC.EIN 22-2106441Plan #001PY 2018

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

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$20.8M

-3.0% from 2017

Total participants

751

+7.1% from 2017

Average account balance

$40,545

-9.6% from 2017

Annual return

-5.49%

-25.29 pp from 2017

Benchmarks

See 1,272 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,272 peers

Snapshot2018

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE4+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$116,764
FIRST ALLIED SECURITIES INC1 year Filed as: FIRST ALLIED SECURITIES, INC Service code 26 655 WEST BROADWAY 12TH FLOOR · SAN DIEGO, CA 92101	Advisory (Participants)	$35,893
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 1 NEW YORK PLAZA 12TH FLOOR · NEW YORK, NY 10004	Advisory (Participants)	$34,519
INTAC ACTUARIAL SERVICES4+ years Service code 14 50 TICE BLVD · WOODCLIFF LAKE, NJ 07677	Plan Administrator	$14,553
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INS SVCS INC Service code 26 1 NEW YORK PLAZA 12TH FLOOR · NEW YORK, NY 10004	Advisory (Participants)	$1,886

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2A

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$5K

$9 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.023%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,545

$35,485+14.3%

$74,551-45.6%

$55,725-27.2%

Participation rate

57.9%

62.5%-4.6pp

69.1%-11.2pp

70.9%-13.0pp

Annual return

-5.49%

0.72%-6.2pp

32.53%-38.0pp

244.93%-250.4pp

Employer contribution / active EE

$334

$777-57.0%

$1,961-83.0%

$2,078-83.9%

Participant deferral / active EE

$3,844

$2,181+76.2%

$3,108+23.7%

$3,356+14.5%

Admin fee / account holder

$114-91.8%

$5,059-99.8%

$115-91.8%

Provider

Service type

Compensation

NATIONWIDE4+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$116,764

FIRST ALLIED SECURITIES INC1 year

Filed as: FIRST ALLIED SECURITIES, INC

Service code 26

655 WEST BROADWAY 12TH FLOOR · SAN DIEGO, CA 92101

Advisory (Participants)

$35,893

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 26

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

Advisory (Participants)

$34,519

INTAC ACTUARIAL SERVICES4+ years

Service code 14

50 TICE BLVD · WOODCLIFF LAKE, NJ 07677

Plan Administrator

$14,553

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY INS SVCS INC

Service code 26

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

Advisory (Participants)

$1,886

PAUL MILLER & ITS AFFILIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAUL MILLER & ITS AFFILIATES 401(K) 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