Retirement plan

BINNACLE MANAGEMENT 401(K) PLAN

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

BINNACLE MANAGEMENT, LLCEIN 26-3424054Plan #001PY 2017

3357 HIGHLAND ROAD - BATON ROUGE, LA 70802225-383-1754LinkedIn201-500 employeesrestaurants

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$2M

+27.1% from 2016

Total participants

250

-20.1% from 2016

Average account balance

$23,137

+25.7% from 2016

Annual return

13.42%

+6.12 pp from 2016

Benchmarks

See 841 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort841 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.56M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

29.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$369K

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

+14.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$977

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

Top 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 15 · EIN 13-3689044	Recordkeeping	$10,460
PETERS WEALTH ADVISORS LLC3+ years Service code 27 · EIN 90-0965466	Advisory (Plan)	$6,936
HANNIS T. BOURGEOIS, LLP1 year Filed as: HANNIS T. BOURGEIOS LLP Service code 10 · EIN 72-0636725	Accounting	$1,390
THE HASLAUER GROUP, INC.1 year Filed as: THE HASLAUER GROUP Service code 15 · EIN 72-1487108	Recordkeeping	$900

Plan features & details

Pension benefit codes2T2J2K2F2G3D

Plan features

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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$20K

$90 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.993%

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: HANNIS T. BOURGEOIS, LLP
Auditor EIN: 720636725
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,137

$31,388-26.3%

$73,545-68.5%

$62,293-62.9%

Participation rate

28.0%

39.9%-11.9pp

54.9%-26.9pp

69.5%-41.5pp

Annual return

13.42%

25.34%-11.9pp

-15.16%+28.6pp

28.90%-15.5pp

Employer contribution / active EE

$499

$498+0.2%

$1,219-59.1%

$2,042-75.6%

Participant deferral / active EE

$849

$1,028-17.5%

$1,806-53.0%

$3,169-73.2%

Admin fee / account holder

$230

$299-23.3%

$2,320-90.1%

$479-52.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$10,460

PETERS WEALTH ADVISORS LLC3+ years

Service code 27 · EIN 90-0965466

Advisory (Plan)

$6,936

HANNIS T. BOURGEOIS, LLP1 year

Filed as: HANNIS T. BOURGEIOS LLP

Service code 10 · EIN 72-0636725

Accounting

$1,390

THE HASLAUER GROUP, INC.1 year

Filed as: THE HASLAUER GROUP

Service code 15 · EIN 72-1487108

Recordkeeping

$900

BINNACLE MANAGEMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BINNACLE MANAGEMENT 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