Retirement plan

PROSUM, INC. 401(K) PLAN

Name: PROSUM, INC. - PROSUM, INC. 401(K) PLAN (2016) Form 5500
Creator: PROSUM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROSUM, INC. 401(K) PLAN, PROSUM, INC.

PROSUM, INC.EIN 33-0776224Plan #001PY 2016

2201 PARK PLACE, SUITE 102 - EL SEGUNDO, CA 902454958310-426-0600prosum.comLinkedIn201-500 employeesstaffing and recruiting

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4.2M

+11.6% from 2015

Total participants

220

-16.7% from 2015

Average account balance

$45,222

+63.2% from 2015

Annual return

11.85%

+12.91 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

$5.23M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

116

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.

116.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$459K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3676

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

0 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
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,080
ACTUARIAL BENEFITS CORP2+ years Filed as: ACTUARIAL BENEFITS CORP. Service code 13 · EIN 20-1054428 2790 SKYPARK DR., SUITE 300 · TORRANCE, CA 90505	Contract Administrator	$3,162
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SVC Service code 28 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,347
PROSUM, INC.1 year Service code 99 · EIN 33-0776224 2201 PARK PLACE, SUITE 102 · EL SEGUNDO, CA 90245	Other Fees	$500
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH LIFE AGENCY INC. Service code 55 1215 4TH AVENUE, 26TH FLOOR · SEATTLE, WA 98161	Other Commissions	$253

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$8K

$42 / participant

Investment mgmt$8K99.7%
Other / not subdivided$250.3%

% of EOY assets

0.183%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,222

$75,183-39.9%

$123,894-63.5%

$55,167-18.0%

Participation rate

31.0%

72.8%-41.8pp

81.4%-50.4pp

69.0%-38.0pp

Annual return

11.85%

19.01%-7.2pp

47.52%-35.7pp

169.23%-157.4pp

Employer contribution / active EE

$649

$2,823-77.0%

$4,617-85.9%

$1,963-66.9%

Participant deferral / active EE

$2,614

$5,084-48.6%

$5,984-56.3%

$3,054-14.4%

Admin fee / account holder

$83

$663-87.5%

$8,357-99.0%

$504-83.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS. CO.

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,080

ACTUARIAL BENEFITS CORP2+ years

Filed as: ACTUARIAL BENEFITS CORP.

Service code 13 · EIN 20-1054428

2790 SKYPARK DR., SUITE 300 · TORRANCE, CA 90505

Contract Administrator

$3,162

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SVC

Service code 28 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,347

PROSUM, INC.1 year

Service code 99 · EIN 33-0776224

2201 PARK PLACE, SUITE 102 · EL SEGUNDO, CA 90245

Other Fees

$500

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH LIFE AGENCY INC.

Service code 55

1215 4TH AVENUE, 26TH FLOOR · SEATTLE, WA 98161

Other Commissions

$253

PROSUM, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROSUM, INC. 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