Retirement plan

PARKER IBRAHIM & BERG LLC 401(K) PLAN

Name: PARKER IBRAHIM & BERG LLC - PARKER IBRAHIM & BERG LLC 401(K) PLAN (2017) 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 2017

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

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.8M

+39.1% from 2016

Total participants

138

+12.2% from 2016

Average account balance

$30,212

+25.8% from 2016

Annual return

14.01%

-3.73 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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 & ANNUITY2 years Filed as: VOYA RETIREMENT INS. & ANNUITY CO. Service code 26 · EIN 71-0294708	Advisory (Participants)	$3,023
MORNINGSTAR2 years Service code 27	Advisory (Plan)	$664

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$3K

$27 / participant

Contract admin$3K100.0%

% of EOY assets

0.080%

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

$30,212

$80,753-62.6%

$136,298-77.8%

$62,293-51.5%

Participation rate

88.5%

73.5%+15.0pp

81.9%+6.6pp

69.5%+19.0pp

Annual return

14.01%

35.83%-21.8pp

5156.27%-5142.3pp

28.90%-14.9pp

Employer contribution / active EE

$3,009

$2,884+4.3%

$4,696-35.9%

$2,042+47.3%

Participant deferral / active EE

$4,118

$5,164-20.3%

$6,247-34.1%

$3,169+29.9%

Admin fee / account holder

$24

$525-95.4%

$9,244-99.7%

$479-95.0%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INS. & ANNUITY CO.

Service code 26 · EIN 71-0294708

Advisory (Participants)

$3,023

MORNINGSTAR2 years

Service code 27

Advisory (Plan)

$664

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