Retirement plan

SOULBRAIN MI 401K PLAN

Name: SOULBRAIN MI - SOULBRAIN MI 401K PLAN (2018) Form 5500
Creator: SOULBRAIN MI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOULBRAIN MI 401K PLAN, SOULBRAIN MI

SOULBRAIN MIEIN 27-1697898Plan #001PY 2018

47050 5 MILE RD - NORTHVILLE, MI 48168248-869-3010soulbrainmi.comLinkedIn11-50 employeeschemicals

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$460K

-7.0% from 2017

Total participants

0.0% from 2017

Average account balance

$25,553

-22.5% from 2017

Annual return

-7.93%

-30.06 pp from 2017

Benchmarks

See 8,254 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,254 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.65M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

102.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$268K

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

+17.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3187

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 codes2E2F2G2J2T3D

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.
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

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

$73K

$4565 / participant

Other / not subdivided$73K100.0%

% of EOY assets

15.881%

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

$25,553

$99,032-74.2%

$80,022-68.1%

$135,382-81.1%

Participation rate

87.5%

78.4%+9.1pp

75.8%+11.7pp

82.6%+4.9pp

Annual return

-7.93%

15.39%-23.3pp

11.22%-19.1pp

519.77%-527.7pp

Employer contribution / active EE

$3,043-100.0%

$2,468-100.0%

$4,779-100.0%

Participant deferral / active EE

$4,847

$4,282+13.2%

$3,686+31.5%

$5,609-13.6%

Admin fee / account holder

$4,058

$10,436-61.1%

$6,521-37.8%

$10,829-62.5%

SOULBRAIN MI 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOULBRAIN MI 401K 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