Retirement plan

PARKER IBRAHIM & BERG LLC 401(K) PLAN

Name: PARKER IBRAHIM & BERG LLC - PARKER IBRAHIM & BERG LLC 401(K) PLAN (2016) Form 5500
Creator: PARKER IBRAHIM & BERG LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARKER IBRAHIM & BERG LLC 401(K) PLAN, PARKER IBRAHIM & BERG LLC

PARKER IBRAHIM & BERG LLCEIN 27-4672950Plan #001PY 2016

270 DAVIDSON AVENUE - SOMERSET, NJ 08873908-725-9700piblaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.7M

+44.3% from 2015

Total participants

123

-6.8% from 2015

Average account balance

$24,025

+66.0% from 2015

Annual return

17.74%

+15.05 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.21M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

174

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$455K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+9.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28

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
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INS. & ANNUITY CO. Service code 26 · EIN 71-0294708	Advisory (Participants)	$5,115
MORNINGSTAR1 year Service code 27	Advisory (Plan)	$567

Plan features & details

Pension benefit codes2F2G2J2T3B3D

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.
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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$5K

$50 / participant

Contract admin$5K100.0%

% of EOY assets

0.188%

all-in expense ratio

Categories reported

1 / 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: BOND, ANDIOLA & COMPANY
Auditor EIN: 223205275
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,025

$75,183-68.0%

$123,894-80.6%

$55,167-56.5%

Participation rate

90.3%

72.8%+17.5pp

81.4%+8.9pp

69.0%+21.3pp

Annual return

17.74%

19.01%-1.3pp

47.52%-29.8pp

169.23%-151.5pp

Employer contribution / active EE

$3,208

$2,823+13.6%

$4,617-30.5%

$1,963+63.4%

Participant deferral / active EE

$3,957

$5,084-22.2%

$5,984-33.9%

$3,054+29.6%

Admin fee / account holder

$45

$663-93.2%

$8,357-99.5%

$504-91.0%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INS. & ANNUITY CO.

Service code 26 · EIN 71-0294708

Advisory (Participants)

$5,115

MORNINGSTAR1 year

Service code 27

Advisory (Plan)

$567

PARKER IBRAHIM & BERG LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARKER IBRAHIM & BERG LLC 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