Retirement plan

MELO INTERNATIONAL, INC. & SUBS 401(K) PROFIT SHARING PLAN

Name: MELO INTERNATIONAL, INC. - MELO INTERNATIONAL, INC. & SUBS 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: MELO INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MELO INTERNATIONAL, INC. & SUBS 401(K) PROFIT SHARING PLAN, MELO INTERNATIONAL, INC.

MELO INTERNATIONAL, INC.EIN 34-1384611Plan #001PY 2016

3700 KELLEY AVE - CLEVELAND, OH 441144533216-391-4800LinkedIn51-200 employeespublishing

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$6.1M

+7.4% from 2015

Total participants

120

-5.5% from 2015

Average account balance

$127,859

+5.2% from 2015

Annual return

7.77%

+6.92 pp from 2015

Benchmarks

See 438 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort438 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.07M

Not enough data

1 years with asset history on file

Average account balance

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

$168K

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.

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.

52.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$198K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49335

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
D'AMORE TATMAN GROUP LLC1 year Service code 10 · EIN 03-4190516	Accounting	$9,500
ROYAL ALLIANCE ASSOCIATES INC2+ years Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 49	Other Services	$5,210
TRINITY PENSION CONSULTANTS2+ years Filed as: TRINITY PENSION CONSULTANTS, INC. Service code 49	Other Services	$5,180
AXA EQUITABLE LIFE INSURANCE CO1 year Filed as: AXA ADVISORS LLC Service code 49 · EIN 13-4071393	Other Services	$5,120
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$360
TRINITY PENSION CONSULTANTS2+ years Filed as: TRINITY PENSION CONSULTANTS INC. Service code 13 · EIN 20-4548831	Contract Administrator	$180
ROYAL ALLIANCE ASSOCIATES INC2+ years Filed as: ROYAL ALLIANCE ASSOCIATES INC. Service code 49 · EIN 93-0987232	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$10K

$93 / participant

Contract admin$5405.4%
Other / not subdivided$10K94.6%

% of EOY assets

0.164%

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: SKODA MINOTTI & CO.
Auditor EIN: 341945206
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,859

$42,772+198.9%

$87,502+46.1%

$55,167+131.8%

Participation rate

33.3%

66.5%-33.2pp

73.8%-40.5pp

69.0%-35.7pp

Annual return

7.77%

21.20%-13.4pp

12.21%-4.4pp

169.23%-161.5pp

Employer contribution / active EE

$1,277-100.0%

$2,550-100.0%

$1,963-100.0%

Participant deferral / active EE

$941

$2,342-59.8%

$3,149-70.1%

$3,054-69.2%

Admin fee / account holder

$209

$461-54.6%

$4,221-95.0%

$504-58.5%

Provider

Service type

Compensation

D'AMORE TATMAN GROUP LLC1 year

Service code 10 · EIN 03-4190516

Accounting

$9,500

ROYAL ALLIANCE ASSOCIATES INC2+ years

Filed as: ROYAL ALLIANCE ASSOCIATES, INC.

Service code 49

Other Services

$5,210

TRINITY PENSION CONSULTANTS2+ years

Filed as: TRINITY PENSION CONSULTANTS, INC.

Service code 49

Other Services

$5,180

AXA EQUITABLE LIFE INSURANCE CO1 year

Filed as: AXA ADVISORS LLC

Service code 49 · EIN 13-4071393

Other Services

$5,120

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$360

TRINITY PENSION CONSULTANTS2+ years

Filed as: TRINITY PENSION CONSULTANTS INC.

Service code 13 · EIN 20-4548831

Contract Administrator

$180

ROYAL ALLIANCE ASSOCIATES INC2+ years

Filed as: ROYAL ALLIANCE ASSOCIATES INC.

Service code 49 · EIN 93-0987232

Other Services

MELO INTERNATIONAL, INC. & SUBS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MELO INTERNATIONAL, INC. & SUBS 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