Retirement plan

CHARLES PENZONE, INC 401K PLAN & TRUST

Name: CHARLES PENZONE, INC. - CHARLES PENZONE, INC 401K PLAN & TRUST (2015) Form 5500
Creator: CHARLES PENZONE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLES PENZONE, INC 401K PLAN & TRUST, CHARLES PENZONE, INC.

CHARLES PENZONE, INC.EIN 31-0749362Plan #003PY 2015

1480 MANNING PKWY - POWELL, OH 43065614-898-1200charlespenzone.comLinkedIn501-1000 employeeshospitality

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.4M

No prior year

Total participants

433

No prior year

Average account balance

$46,829

No prior year

Annual return

0.04%

No prior year

Benchmarks

See 690 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort690 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.58M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

308

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.

82.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$818K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$2,118
RELIANCE TRUST COMPANY1+ years Service code 25 · EIN 58-1428634	Directed Trustee	$400
MESIROW FINANCIAL INVESTMENT MANAGE1+ years Filed as: MESIROW FINANCIAL INVESTMENT MGMT Service code 27	Advisory (Plan)	$18
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52	Indirect Investment Fees	$0
MESIROW FINANCIAL INVESTMENT MANAGE1+ years Filed as: MESIROW FINANCIAL INVESTMENT CO. Service code 49 · EIN 36-3429599	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$5 / participant

Contract admin$2K100.0%

% of EOY assets

0.029%

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: GBQ PARTNERS LLC
Auditor EIN: 202122306
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,829

$38,925+20.3%

$73,836-36.6%

$55,191-15.2%

Participation rate

29.1%

66.0%-36.9pp

73.4%-44.3pp

69.2%-40.0pp

Annual return

0.04%

6.31%-6.3pp

2268.06%-2268.0pp

10.78%-10.7pp

Employer contribution / active EE

$1,695-100.0%

$2,787-100.0%

$1,899-100.0%

Participant deferral / active EE

$1,107

$2,351-52.9%

$3,583-69.1%

$3,046-63.7%

Admin fee / account holder

$13

$83-83.8%

$4,882-99.7%

$91-85.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSMUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$2,118

RELIANCE TRUST COMPANY1+ years

Service code 25 · EIN 58-1428634

Directed Trustee

$400

MESIROW FINANCIAL INVESTMENT MANAGE1+ years

Filed as: MESIROW FINANCIAL INVESTMENT MGMT

Service code 27

Advisory (Plan)

$18

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52

Indirect Investment Fees

MESIROW FINANCIAL INVESTMENT MANAGE1+ years

Filed as: MESIROW FINANCIAL INVESTMENT CO.

Service code 49 · EIN 36-3429599

Other Services

CHARLES PENZONE, INC 401K PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLES PENZONE, INC 401K PLAN & TRUST

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