Retirement plan

DANBOISE & THE LEARNING TREE CENTERS EMPLOYEES 401(K) RETIREMENT PLAN

Name: A. J. DANBOISE SON, INC. - DANBOISE & THE LEARNING TREE CENTERS EMPLOYEES 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: A. J. DANBOISE SON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DANBOISE & THE LEARNING TREE CENTERS EMPLOYEES 401(K) RETIREMENT PLAN, A. J. DANBOISE SON, INC.

A. J. DANBOISE SON, INC.EIN 38-1908358Plan #003PY 2017

23800 INDUSTRIAL PARK DRIVE - FARMINGTON HILLS, MI 48335248-474-9527

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$7.1M

+6.3% from 2016

Total participants

178

+1.1% from 2016

Average account balance

$116,025

+20.3% from 2016

Annual return

14.54%

+9.17 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.71M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

42.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$550K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6457

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 4 by compensation

Provider	Service type	Compensation
PLANTE & MORAN, PLLC3+ years Filed as: PLANTE MORAN FINANCIAL ADVISORS Service code 27 · EIN 38-3123123	Advisory (Plan)	$19,736
ALLIANCE BENEFIT GROUP3+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC Service code 15 · EIN 38-2738460	Recordkeeping	$8,955
MRPR GROUP PC3+ years Filed as: MRPR GROUP Service code 10 · EIN 38-2141969	Accounting	$7,000
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$4,082

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H2T

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$40K

$234 / participant

Investment mgmt$40K100.0%

% of EOY assets

0.562%

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: MRPR GROUP, PCAS & ADVISORS
Auditor EIN: 382141969
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,025

$58,726+97.6%

$92,240+25.8%

$62,293+86.3%

Participation rate

31.2%

68.3%-37.2pp

76.5%-45.3pp

69.5%-38.3pp

Annual return

14.54%

43.62%-29.1pp

176.29%-161.8pp

28.90%-14.4pp

Employer contribution / active EE

$917

$2,392-61.7%

$3,680-75.1%

$2,042-55.1%

Participant deferral / active EE

$1,341

$2,766-51.5%

$3,897-65.6%

$3,169-57.7%

Admin fee / account holder

$652

$556+17.2%

$5,194-87.4%

$479+36.0%

Provider

Service type

Compensation

PLANTE & MORAN, PLLC3+ years

Filed as: PLANTE MORAN FINANCIAL ADVISORS

Service code 27 · EIN 38-3123123

Advisory (Plan)

$19,736

ALLIANCE BENEFIT GROUP3+ years

Filed as: ALLIANCE BENEFIT GROUP OF MI, INC

Service code 15 · EIN 38-2738460

Recordkeeping

$8,955

MRPR GROUP PC3+ years

Filed as: MRPR GROUP

Service code 10 · EIN 38-2141969

Accounting

$7,000

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$4,082

DANBOISE & THE LEARNING TREE CENTERS EMPLOYEES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DANBOISE & THE LEARNING TREE CENTERS EMPLOYEES 401(K) RETIREMENT 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