Retirement plan

OFFICE ALLY, INC. 401(K) PROFIT SHARING PLAN

Name: OFFICE ALLY, INC. - OFFICE ALLY, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: OFFICE ALLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OFFICE ALLY, INC. 401(K) PROFIT SHARING PLAN, OFFICE ALLY, INC.

OFFICE ALLY, INC.EIN 33-0897513Plan #001PY 2015

1300 SE CARDINAL CT STE 190 - VANCOUVER, WA 986839683866-575-4120officeally.comLinkedIn201-500 employeescomputer software

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.6M

No prior year

Total participants

211

No prior year

Average account balance

$29,310

No prior year

Annual return

-2.34%

No prior year

Benchmarks

See 4,662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort4,662 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.73M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

327

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$161

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$21,393
GEFFEN MESHER1+ years Filed as: GEFFEN MESHER & COMPANY, P.C. Service code 10 · EIN 93-1042710	Accounting	$8,500
GALLAGHER FIDUCIARY ADVISORS, LLC1+ years Filed as: GALLAGHER BENEFIT SERVICES INC Service code 49 · EIN 13-3727333	Other Services	$7,619

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

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

$21K

$108 / participant

Contract admin$21K100.0%

% of EOY assets

0.598%

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: GEFFEN MESHER & COMPANY P.C.
Auditor EIN: 931042710
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,310

$70,002-58.1%

$115,038-74.5%

$52,331-44.0%

Participation rate

55.1%

72.1%-17.1pp

81.4%-26.3pp

68.1%-13.1pp

Annual return

-2.34%

4.04%-6.4pp

26.14%-28.5pp

4.54%-6.9pp

Employer contribution / active EE

$1,525

$2,715-43.8%

$4,608-66.9%

$1,882-19.0%

Participant deferral / active EE

$2,373

$4,920-51.8%

$6,026-60.6%

$3,022-21.5%

Admin fee / account holder

$175

$566-69.0%

$8,175-97.9%

$592-70.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$21,393

GEFFEN MESHER1+ years

Filed as: GEFFEN MESHER & COMPANY, P.C.

Service code 10 · EIN 93-1042710

Accounting

$8,500

GALLAGHER FIDUCIARY ADVISORS, LLC1+ years

Filed as: GALLAGHER BENEFIT SERVICES INC

Service code 49 · EIN 13-3727333

Other Services

$7,619

OFFICE ALLY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OFFICE ALLY, INC. 401(K) PROFIT SHARING 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