Retirement plan

FLAGSHIP TRADING CORP PROFIT SHARING AND 401(K) PLAN

Name: FLAGSHIP TRADING CORPORATION - FLAGSHIP TRADING CORP PROFIT SHARING AND 401(K) PLAN (2016) Form 5500
Creator: FLAGSHIP TRADING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLAGSHIP TRADING CORP PROFIT SHARING AND 401(K) PLAN, FLAGSHIP TRADING CORPORATION

FLAGSHIP TRADING CORPORATIONEIN 34-1410686Plan #001PY 2016

7000 GRANGER ROAD - INDEPENDENCE, OH 44131216-524-6700

Prospect flagsLow returnsRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.7M

+13.0% from 2015

Total participants

132

+1.5% from 2015

Average account balance

$30,694

-7.0% from 2015

Annual return

3.98%

+4.86 pp from 2015

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.44M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

175

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.

91.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$599K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$12,942
FLAGSHIP TRADING CORP1 year Service code 13 · EIN 34-1410686	Contract Administrator	$6,556
PEASE & ASSOCIATES, LLC1 year Service code 10 1422 EUCLID AVE #400 · CLEVELAND, OH 44115	Accounting	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$25K

$225 / participant

Contract admin$25K99.6%
Other / not subdivided$1040.4%

% of EOY assets

0.696%

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: PEASE & ASSOCIATES
Auditor EIN: 344267431
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,694

$63,924-52.0%

$108,582-71.7%

$55,167-44.4%

Participation rate

88.5%

74.3%+14.2pp

79.6%+8.9pp

69.0%+19.5pp

Annual return

3.98%

15.31%-11.3pp

-51.70%+55.7pp

169.23%-165.3pp

Employer contribution / active EE

$1,526

$1,879-18.8%

$3,758-59.4%

$1,963-22.3%

Participant deferral / active EE

$1,613

$3,067-47.4%

$4,311-62.6%

$3,054-47.2%

Admin fee / account holder

$213

$618-65.4%

$7,645-97.2%

$504-57.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$12,942

FLAGSHIP TRADING CORP1 year

Service code 13 · EIN 34-1410686

Contract Administrator

$6,556

PEASE & ASSOCIATES, LLC1 year

Service code 10

1422 EUCLID AVE #400 · CLEVELAND, OH 44115

Accounting

FLAGSHIP TRADING CORP PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLAGSHIP TRADING CORP PROFIT SHARING AND 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