Retirement plan

SPAR GROUP, INC 401(K) PROFIT SHARING PLAN

Name: SPAR GROUP, INC - SPAR GROUP, INC 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: SPAR GROUP, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPAR GROUP, INC 401(K) PROFIT SHARING PLAN, SPAR GROUP, INC

SPAR GROUP, INCEIN 33-0684451Plan #001PY 2018

1910 OPDYKE COURT - AUBURN HILLS, MI 48326248-364-8558

Prospect flagsLow returnsLow employer contributionRecently reached 100 employeesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed May 23, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$7.6M

-15.7% from 2017

Total participants

273

+36.5% from 2017

Average account balance

$33,467

No prior year

Annual return

-14.48%

-29.75 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$10.48M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

706

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.

13.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$255

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

+8.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$157

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$62,356
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY INS SERVICES Service code 49	Other Services	$16,697
ORENDA RETIREMENT, LLC1 year Service code 13	Contract Administrator	$7,407
ORENDA RETIREMENT, LLC1 year Filed as: ORENDA RETIREMENT LLC Service code 13 · EIN 36-4877979	Contract Administrator	$3,401
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY INS SERVICES INC Service code 49 · EIN 51-0116113	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T2S

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

5 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$66K

$292 / participant

Contract admin$66K100.0%

% of EOY assets

0.871%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,467

$73,102-54.2%

$123,544-72.9%

$56,287-40.5%

Participation rate

79.2%

74.3%+4.9pp

82.3%-3.1pp

69.9%+9.4pp

Annual return

-14.48%

3.01%-17.5pp

119.20%-133.7pp

-9.96%-4.5pp

Employer contribution / active EE

$270

$2,977-90.9%

$4,628-94.2%

$2,111-87.2%

Participant deferral / active EE

$3,123

$5,423-42.4%

$6,426-51.4%

$3,350-6.8%

Admin fee / account holder

$292

$554-47.4%

$9,284-96.9%

$521-44.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$62,356

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY INS SERVICES

Service code 49

Other Services

$16,697

ORENDA RETIREMENT, LLC1 year

Service code 13

Contract Administrator

$7,407

ORENDA RETIREMENT, LLC1 year

Filed as: ORENDA RETIREMENT LLC

Service code 13 · EIN 36-4877979

Contract Administrator

$3,401

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY INS SERVICES INC

Service code 49 · EIN 51-0116113

Other Services

SPAR GROUP, INC 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPAR GROUP, INC 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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