Retirement plan

SPAR GROUP, INC 401(K) PROFIT SHARING PLAN

Name: SPAR GROUP, INC - SPAR GROUP, INC 401(K) PROFIT SHARING PLAN (2020) 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 2020

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

Prospect flagsLow returnsLow participationLow assets / participantLow participant contribution

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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Total assets (EOY)

$8.7M

-3.0% from 2019

Total participants

1,146

+21.8% from 2019

Average account balance

$20,339

-50.8% from 2019

Annual return

7.42%

-14.96 pp from 2019

Benchmarks

See 755 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort755 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.41M

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

$1.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$242

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

+8.22%

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$64,033
PAPILLON PRINTING, LLC1 year Filed as: PAPILLON PRINTING Service code 14 · EIN 81-5183995	Plan Administrator	$26,320
ORENDA RETIREMENT, LLC3 years Service code 13	Contract Administrator	$15,824
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY INS SERVICES Service code 49	Other Services	$12,487
ORENDA RETIREMENT, LLC3 years Filed as: ORENDA RETIREMENT LLC Service code 13 · EIN 36-4877979	Contract Administrator	$2,732
MORGAN STANLEY SMITH BARNEY3 years 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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant 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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$94K

$88 / participant

Contract admin$94K100.0%

% of EOY assets

1.077%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,339

$127,481-84.0%

$149,745-86.4%

$90,274-77.5%

Participation rate

32.4%

78.2%-45.8pp

82.5%-50.1pp

73.4%-41.0pp

Annual return

7.42%

57.78%-50.4pp

276.72%-269.3pp

53.97%-46.5pp

Employer contribution / active EE

$3,448-100.0%

$4,646-100.0%

$2,523-100.0%

Participant deferral / active EE

$589

$6,975-91.6%

$6,843-91.4%

$4,231-86.1%

Admin fee / account holder

$219

$152+44.4%

$9,312-97.6%

$114+92.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$64,033

PAPILLON PRINTING, LLC1 year

Filed as: PAPILLON PRINTING

Service code 14 · EIN 81-5183995

Plan Administrator

$26,320

ORENDA RETIREMENT, LLC3 years

Service code 13

Contract Administrator

$15,824

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY INS SERVICES

Service code 49

Other Services

$12,487

ORENDA RETIREMENT, LLC3 years

Filed as: ORENDA RETIREMENT LLC

Service code 13 · EIN 36-4877979

Contract Administrator

$2,732

MORGAN STANLEY SMITH BARNEY3 years

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