Retirement plan

BYRON UDELL & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Name: BYRON UDELL & ASSOCIATES, INC. - BYRON UDELL & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: BYRON UDELL & ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BYRON UDELL & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN, BYRON UDELL & ASSOCIATES, INC.

BYRON UDELL & ASSOCIATES, INC.EIN 36-3996313Plan #001PY 2018

1400 S WOLF ROAD, BUILDING 500 - WHEELING, IL 600906588847-850-2000accuquote.comLinkedIn201-500 employeesinsurance

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.1M

-3.1% from 2017

Total participants

-9.3% from 2017

Average account balance

$42,972

+2.9% from 2017

Annual return

-3.47%

-15.10 pp from 2017

Benchmarks

See 7,475 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,475 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.53M

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.

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.

41.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$199K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11999

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
MINNESOTA LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 41-0417830	Contract Administrator	$1,227

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$1K

$22 / participant

Contract admin$1K100.0%

% of EOY assets

0.058%

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: WEISS & COMPANY LLP
Auditor EIN: 362663249
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,972

$94,529-54.5%

$140,019-69.3%

$64,173-33.0%

Participation rate

30.4%

84.1%-53.7pp

87.5%-57.1pp

69.6%-39.2pp

Annual return

-3.47%

7.77%-11.2pp

651.17%-654.6pp

7.63%-11.1pp

Employer contribution / active EE

$3,812-100.0%

$5,605-100.0%

$2,381-100.0%

Participant deferral / active EE

$3,065

$5,250-41.6%

$6,927-55.8%

$3,470-11.7%

Admin fee / account holder

$25

$6,741-99.6%

$10,705-99.8%

$4,887-99.5%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 41-0417830

Contract Administrator

$1,227

BYRON UDELL & ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BYRON UDELL & ASSOCIATES, 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