Retirement plan

STORAGE ASSET MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN

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

STORAGE ASSET MANAGEMENT, INC.EIN 27-2449301Plan #001PY 2017

294 PLEASANT ACRES ROAD - YORK, PA 17402717-779-0044storageassetmanagement.comLinkedIn501-1000 employeesmanagement consulting

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

+53.8% from 2016

Total participants

+22.9% from 2016

Average account balance

$18,765

+26.6% from 2016

Annual return

23.47%

+15.74 pp from 2016

Benchmarks

See 3,455 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort3,455 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.44M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

354

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.

45.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.61M

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

+16.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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

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 codes2E2F2J2T3D3F

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).
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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

$8K

$115 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.701%

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

$18,765

$62,672-70.1%

$185,117-89.9%

$70,126-73.2%

Participation rate

66.2%

63.8%+2.4pp

77.3%-11.1pp

69.5%-3.3pp

Annual return

23.47%

40.79%-17.3pp

40.50%-17.0pp

73.15%-49.7pp

Employer contribution / active EE

$1,139

$1,753-35.0%

$4,182-72.8%

$2,343-51.4%

Participant deferral / active EE

$2,211

$3,272-32.4%

$5,045-56.2%

$3,332-33.6%

Admin fee / account holder

$131

$3,932-96.7%

$8,159-98.4%

$4,645-97.2%

STORAGE ASSET MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STORAGE ASSET MANAGEMENT, INC. 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