Retirement plan

FLAGSHIP TRADING CORP PROFIT SHARING AND 401(K) PLAN

Name: FLAGSHIP TRADING CORPORATION - FLAGSHIP TRADING CORP PROFIT SHARING AND 401(K) PLAN (2018) 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 2018

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

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$2.9M

-26.0% from 2017

Total participants

148

+15.6% from 2017

Average account balance

$20,818

-40.4% from 2017

Annual return

-4.82%

-15.97 pp from 2017

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2018

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$14,373
PNC BANK, N.A.1 year Service code 25 · EIN 22-1146430	Directed Trustee	$2,961
S B H U LIFE AGENCY INC2 years Service code 49 · EIN 13-2896238	Other Services	$0

Plan features & details

Pension benefit codes2E2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$17K

$142 / participant

Contract admin$14K83.0%
Other / not subdivided$3K17.0%

% of EOY assets

0.601%

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, LLC
Auditor EIN: 364267431
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,818

$66,302-68.6%

$110,243-81.1%

$56,289-63.0%

Participation rate

92.6%

74.9%+17.7pp

79.8%+12.8pp

69.9%+22.8pp

Annual return

-4.82%

-1.18%-3.6pp

314.76%-319.6pp

-9.96%+5.1pp

Employer contribution / active EE

$1,469

$2,047-28.3%

$3,827-61.6%

$2,111-30.4%

Participant deferral / active EE

$1,800

$3,381-46.8%

$4,672-61.5%

$3,350-46.3%

Admin fee / account holder

$125

$698-82.1%

$8,548-98.5%

$521-76.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$14,373

PNC BANK, N.A.1 year

Service code 25 · EIN 22-1146430

Directed Trustee

$2,961

S B H U LIFE AGENCY INC2 years

Service code 49 · EIN 13-2896238

Other Services

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