Retirement plan

RELIANCE FIRST CAPITAL, LLC EMPLOYEES SAVINGS TRUST

Name: RELIANCE FIRST CAPITAL, LLC - RELIANCE FIRST CAPITAL, LLC EMPLOYEES SAVINGS TRUST (2017) Form 5500
Creator: RELIANCE FIRST CAPITAL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RELIANCE FIRST CAPITAL, LLC EMPLOYEES SAVINGS TRUST, RELIANCE FIRST CAPITAL, LLC

RELIANCE FIRST CAPITAL, LLCEIN 26-2261031Plan #001PY 2017

201 OLD COUNTRY ROAD, SUITE 205 - MELVILLE, NY 11747516-422-8800reliancefirst.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$8.4M

+36.9% from 2016

Total participants

332

+44.3% from 2016

Average account balance

$46,331

-10.5% from 2016

Annual return

18.53%

+11.68 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.24M

Not enough data

1 years with asset history on file

Average account balance

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

$158K

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.

198

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.

56.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$765

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 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS, LLC Service code 27 461 FROM RD STE 101 · PARAMUS, NJ 076523526	Advisory (Plan)	$8,906
CPI QUALIFIED PLAN CONSULTANTS, INC3+ years Service code 12 1809 24TH STREET · GREAT BEND, KS 67530	Recordkeeping and information managem...	$725

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$14K

$49 / participant

Contract admin$14K100.0%

% of EOY assets

0.170%

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: RSM US, LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,331

$81,537-43.2%

$149,718-69.1%

$69,631-33.5%

Participation rate

49.0%

86.1%-37.1pp

87.1%-38.1pp

70.7%-21.7pp

Annual return

18.53%

22.79%-4.3pp

1501.70%-1483.2pp

27571.02%-27552.5pp

Employer contribution / active EE

$1,057

$3,239-67.4%

$5,444-80.6%

$2,032-48.0%

Participant deferral / active EE

$3,288

$4,994-34.2%

$6,568-49.9%

$3,224+2.0%

Admin fee / account holder

$79

$107-26.2%

$11,283-99.3%

$110-28.6%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS, LLC

Service code 27

461 FROM RD STE 101 · PARAMUS, NJ 076523526

Advisory (Plan)

$8,906

CPI QUALIFIED PLAN CONSULTANTS, INC3+ years

Service code 12

1809 24TH STREET · GREAT BEND, KS 67530

Recordkeeping and information managem...

$725

RELIANCE FIRST CAPITAL, LLC EMPLOYEES SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RELIANCE FIRST CAPITAL, LLC EMPLOYEES SAVINGS TRUST

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