Retirement plan

EDGEWOOD MANAGEMENT GROUP, LLC 401(K) PROFIT SHARING PLAN

Name: EDGEWOOD MANAGEMENT GROUP, LLC - EDGEWOOD MANAGEMENT GROUP, LLC 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: EDGEWOOD MANAGEMENT GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EDGEWOOD MANAGEMENT GROUP, LLC 401(K) PROFIT SHARING PLAN, EDGEWOOD MANAGEMENT GROUP, LLC

EDGEWOOD MANAGEMENT GROUP, LLCEIN 26-3415102Plan #001PY 2017

322 DEMERS AVE, SUITE 500 - GRAND FORKS, ND 58201701-757-5442edgewood-emg.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$12.1M

+30.4% from 2016

Total participants

1,967

+7.2% from 2016

Average account balance

$14,399

+19.3% from 2016

Annual return

16.66%

+4.33 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.09M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

1,186

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.

28.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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
ADVANCED PLAN DESIGNS, LLC3+ years Service code 10 3859 S. COX AVE · SPRINGIELD, MO 65807	Accounting	$29,349
CORPORATE FINANCIAL SERVICES, LLC1 year Filed as: CORPORATE BENEFIT ADMINISTRATORS, Service code 10 37 28TH AVE NORTH · ST CLOUD, MN 56303	Accounting	$15,638

Plan features & details

Pension benefit codes2E2J2G2K2T3D

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.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$59K

$33 / participant

Other / not subdivided$59K100.0%

% of EOY assets

0.490%

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: BRADY, MARTZ & ASSOC., P.C.
Auditor EIN: 450310328
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,399

$44,989-68.0%

$170,439-91.6%

$77,958-81.5%

Participation rate

36.2%

64.6%-28.4pp

83.6%-47.4pp

71.6%-35.4pp

Annual return

16.66%

19.61%-3.0pp

205.94%-189.3pp

20.87%-4.2pp

Employer contribution / active EE

$431

$1,466-70.6%

$5,433-92.1%

$2,310-81.3%

Participant deferral / active EE

$996

$2,208-54.9%

$4,939-79.8%

$3,537-71.8%

Admin fee / account holder

$71

$69+2.3%

$13,881-99.5%

$97-27.5%

Provider

Service type

Compensation

ADVANCED PLAN DESIGNS, LLC3+ years

Service code 10

3859 S. COX AVE · SPRINGIELD, MO 65807

Accounting

$29,349

CORPORATE FINANCIAL SERVICES, LLC1 year

Filed as: CORPORATE BENEFIT ADMINISTRATORS,

Service code 10

37 28TH AVE NORTH · ST CLOUD, MN 56303

Accounting

$15,638

EDGEWOOD MANAGEMENT GROUP, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDGEWOOD MANAGEMENT GROUP, LLC 401(K) PROFIT SHARING 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