Retirement plan

STOREROOM SOLUTIONS PUERTO RICO RETIREMENT PLAN

Name: SYNOVOS PUERTO RICO, CORP. - STOREROOM SOLUTIONS PUERTO RICO RETIREMENT PLAN (2017) Form 5500
Creator: SYNOVOS PUERTO RICO, CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STOREROOM SOLUTIONS PUERTO RICO RETIREMENT PLAN, SYNOVOS PUERTO RICO, CORP.

SYNOVOS PUERTO RICO, CORP.EIN 26-2052111Plan #001PY 2017

PO BOX 2361 - MANATI, PR 006742361787-635-7948

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$545K

+42.7% from 2016

Total participants

+11.1% from 2016

Average account balance

$20,957

+48.2% from 2016

Annual return

16.52%

-81.19 pp from 2016

Benchmarks

See 3,723 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort3,723 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$943K

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

181.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$68K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7664

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 codes2E2G2J3C

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$19K

$638 / participant

Other / not subdivided$19K100.0%

% of EOY assets

3.513%

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

$20,957

$47,848-56.2%

$81,473-74.3%

$70,124-70.1%

Participation rate

86.7%

58.3%+28.4pp

68.0%+18.7pp

69.5%+17.1pp

Annual return

16.52%

27.25%-10.7pp

38.78%-22.3pp

73.14%-56.6pp

Employer contribution / active EE

$1,050

$1,527-31.3%

$2,568-59.1%

$2,342-55.2%

Participant deferral / active EE

$2,799

$2,453+14.1%

$3,537-20.9%

$3,332-16.0%

Admin fee / account holder

$736

$3,145-76.6%

$4,561-83.9%

$4,645-84.1%

STOREROOM SOLUTIONS PUERTO RICO RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STOREROOM SOLUTIONS PUERTO RICO 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