Retirement plan

AMERIFLEX 401(K) PLAN

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

INTERFLEX PAYMENTS, LLCEIN 27-2256926Plan #001PY 2017

2508 HIGHLANDER WAY, SUITE 200 - CARROLLTON, TX 75006888-868-3539

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$4.5M

+38.7% from 2016

Total participants

163

-9.9% from 2016

Average account balance

$30,688

+45.2% from 2016

Annual return

19.52%

+10.12 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.41M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

383

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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)

$163

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
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 15 · EIN 13-3689044	Recordkeeping	$40,153
KESTRA INVESTMENT SERVICES LLC2 years Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 22 · EIN 74-2794194	Insurance Broker	$14,835

Plan features & details

Pension benefit codes2E2F2G2J2T3D2S3B3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$40K

$304 / participant

Other / not subdivided$40K100.0%

% of EOY assets

0.884%

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: MONTGOMERY COSCIA GREILICH LLP
Auditor EIN: 752919818
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,688

$89,739-65.8%

$149,721-79.5%

$62,293-50.7%

Participation rate

88.6%

85.1%+3.5pp

87.1%+1.6pp

69.5%+19.1pp

Annual return

19.52%

21.01%-1.5pp

1501.67%-1482.1pp

28.90%-9.4pp

Employer contribution / active EE

$2,118

$3,233-34.5%

$5,444-61.1%

$2,042+3.7%

Participant deferral / active EE

$3,843

$4,797-19.9%

$6,568-41.5%

$3,169+21.3%

Admin fee / account holder

$271

$551-50.8%

$11,282-97.6%

$479-43.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$40,153

KESTRA INVESTMENT SERVICES LLC2 years

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 22 · EIN 74-2794194

Insurance Broker

$14,835

AMERIFLEX 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERIFLEX 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