Retirement plan

SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN

Name: SPITZER MANAGEMENT, INC. - SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN (2018) Form 5500
Creator: SPITZER MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN, SPITZER MANAGEMENT, INC.

SPITZER MANAGEMENT, INC.EIN 34-0795747Plan #001PY 2018

150 EAST BRIDGE STREET - ELYRIA, OH 440355219440-323-4671LinkedIn501-1000 employeespublishing

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$68.9M

-21.1% from 2017

Total participants

962

+2.7% from 2017

Average account balance

$76,837

-24.1% from 2017

Annual return

-12.70%

-28.40 pp from 2017

Benchmarks

See 2,763 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,763 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106.61M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

1,337

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.

84.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+19.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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 6 by compensation

Provider	Service type	Compensation
SPIRA BENEFITS, LLC2 years Service code 37 · EIN 45-4211533	Loan Processing	$99,569
FIRST NATIONAL BANK OF OMAHA4+ years Filed as: FIRST NATIONAL BANK Service code 27 · EIN 20-0433578	Advisory (Plan)	$73,255
HOBE & LUCAS, CPA'S1 year Service code 10 · EIN 31-1488076	Accounting	$41,312
MCDONALD HOPKINS, LLC1 year Filed as: MCDONALD HOPKINS Service code 29 · EIN 34-1059058	Legal	$5,829
SOMERS AGENCY3 years Service code 22 · EIN 45-4747357	Insurance Broker	$5,385
ETC BROKERAGE SERVICES, LLC4+ years Service code 71 · EIN 26-0181248	Brokerage Fees	$0

Plan features & details

Pension benefit codes2E2H2J2K3H2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$229K

$531 / participant

Investment mgmt$73K32.0%
Contract admin$100K43.5%
Other / not subdivided$56K24.5%

% of EOY assets

0.332%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HOBE & LUCAS, CPA'S
Auditor EIN: 311488076
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,837

$75,388+1.9%

$123,552-37.8%

$55,725+37.9%

Participation rate

84.9%

75.7%+9.3pp

82.3%+2.6pp

70.9%+14.1pp

Annual return

-12.70%

4.48%-17.2pp

119.20%-131.9pp

244.93%-257.6pp

Employer contribution / active EE

$1,717

$3,063-43.9%

$4,628-62.9%

$2,078-17.4%

Participant deferral / active EE

$2,889

$5,651-48.9%

$6,426-55.0%

$3,356-13.9%

Admin fee / account holder

$255

$120+113.0%

$9,285-97.3%

$115+121.5%

Provider

Service type

Compensation

SPIRA BENEFITS, LLC2 years

Service code 37 · EIN 45-4211533

Loan Processing

$99,569

FIRST NATIONAL BANK OF OMAHA4+ years

Filed as: FIRST NATIONAL BANK

Service code 27 · EIN 20-0433578

Advisory (Plan)

$73,255

HOBE & LUCAS, CPA'S1 year

Service code 10 · EIN 31-1488076

Accounting

$41,312

MCDONALD HOPKINS, LLC1 year

Filed as: MCDONALD HOPKINS

Service code 29 · EIN 34-1059058

Legal

$5,829

SOMERS AGENCY3 years

Service code 22 · EIN 45-4747357

Insurance Broker

$5,385

ETC BROKERAGE SERVICES, LLC4+ years

Service code 71 · EIN 26-0181248

Brokerage Fees

SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS 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