Retirement plan

SPHERO 401(K) PROFIT SHARING PLAN

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

SPHEROEIN 27-1947501Plan #001PY 2017

4772 WALNUT ST STE 206 - BOULDER, CO 803012778720-390-7648sphero.comLinkedIn51-200 employeesprimary/secondary education

Prospect flagsLow participationLow assets / participantLow employer contributionRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.8M

+104.5% from 2016

Total participants

183

+1.1% from 2016

Average account balance

$15,442

+41.7% from 2016

Annual return

39.25%

+39.25 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.09M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

110

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+18.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$188

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 9 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$750
DIMENSIONAL FUND ADVISORS1 year Filed as: DIMENSIONAL Service code 28 · EIN 95-4470812	Investment Management	$0
MFS INVESTMENT MANAGEMENT1 year Filed as: MFS Service code 28 · EIN 04-2747644	Investment Management	$0
OPPENHEIMER1 year Filed as: OPPENHEIMER FUNDS Service code 28 · EIN 13-2527171	Investment Management	$0
PIMCO FUNDS1 year Filed as: PIMCO Service code 28 · EIN 33-0629048	Investment Management	$0
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL FUNDS Service code 28 P.O. BOX 8024 · BOSTON, MA 02266	Investment Management	$0
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL Service code 28 · EIN 22-3703799	Investment Management	$0
T ROWE PRICE RPS INC1 year Filed as: TROWE PRICE RPS, INC. Service code 15	Recordkeeping	$0
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO FUNDS Service code 28 · EIN 41-0449260	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

5 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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$750

$5 / participant

Other / not subdivided$750100.0%

% of EOY assets

0.043%

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: ANTON COLLINS MITCHELL LLP
Auditor EIN: 010724563
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,442

$64,909-76.2%

$82,312-81.2%

$62,293-75.2%

Participation rate

56.3%

74.9%-18.5pp

76.9%-20.6pp

69.5%-13.2pp

Annual return

39.25%

21.18%+18.1pp

25.88%+13.4pp

28.90%+10.4pp

Employer contribution / active EE

$11

$1,676-99.4%

$2,428-99.6%

$2,042-99.5%

Participant deferral / active EE

$4,575

$3,103+47.4%

$3,706+23.5%

$3,169+44.4%

Admin fee / account holder

$440-98.5%

$5,608-99.9%

$479-98.6%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$750

DIMENSIONAL FUND ADVISORS1 year

Filed as: DIMENSIONAL

Service code 28 · EIN 95-4470812

Investment Management

MFS INVESTMENT MANAGEMENT1 year

Filed as: MFS

Service code 28 · EIN 04-2747644

Investment Management

OPPENHEIMER1 year

Filed as: OPPENHEIMER FUNDS

Service code 28 · EIN 13-2527171

Investment Management

PIMCO FUNDS1 year

Filed as: PIMCO

Service code 28 · EIN 33-0629048

Investment Management

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL FUNDS

Service code 28

P.O. BOX 8024 · BOSTON, MA 02266

Investment Management

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL

Service code 28 · EIN 22-3703799

Investment Management

T ROWE PRICE RPS INC1 year

Filed as: TROWE PRICE RPS, INC.

Service code 15

Recordkeeping

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO FUNDS

Service code 28 · EIN 41-0449260

Investment Management

SPHERO 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPHERO 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