Retirement plan

ZINGERMANS COMMUNITY OF BUSINESSES EMPLOYEES 401K PLAN

Name: ZINGERMANS COMMUNITY OF BUSINESSES - ZINGERMANS COMMUNITY OF BUSINESSES EMPLOYEES 401K PLAN (2020) Form 5500
Creator: ZINGERMANS COMMUNITY OF BUSINESSES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZINGERMANS COMMUNITY OF BUSINESSES EMPLOYEES 401K PLAN, ZINGERMANS COMMUNITY OF BUSINESSES

ZINGERMANS COMMUNITY OF BUSINESSESEIN 38-2409230Plan #001PY 2020

3756 PLAZA DRIVE - ANN ARBOR, MI 481081654734-668-4662

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$13.7M

+13.6% from 2019

Total participants

537

-16.6% from 2019

Average account balance

$34,454

+64.9% from 2019

Annual return

16.55%

-8.72 pp from 2019

Benchmarks

See 1,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,285 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.52M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

619

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

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

+16.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$36,070
D.B. ROOT & COMPANY, LLC2 years Filed as: DB ROOT AND COMOPANY LLC Service code 27 · EIN 82-1414976 436 7TH AVE · PITTSBURGH, PA 15219	Advisory (Plan)	$23,855
THE BENEFIT ADVANTAGE, INC.3 years Filed as: THE BENEFIT ADVANTAGE Service code 13 3497 AUBURN ROAD · AUBURN HILLS, MI 48326	Contract Administrator	$6,180
VENTURE VISIONARY PARTNERS LLC1 year Service code 27 5520 MONROE ST STE B · SYLVANIA, OH 43560	Advisory (Plan)	$5,166
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$612

Plan features & details

Pension benefit codes2E2F2G2J2K3H3D

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.
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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$72K

$165 / participant

Other / not subdivided$72K100.0%

% of EOY assets

0.523%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,454

$64,286-46.4%

$90,970-62.1%

$73,412-53.1%

Participation rate

68.3%

63.6%+4.7pp

69.0%-0.7pp

72.2%-3.9pp

Annual return

16.55%

21.46%-4.9pp

134.58%-118.0pp

59.30%-42.7pp

Employer contribution / active EE

$188

$895-79.0%

$2,122-91.1%

$2,234-91.6%

Participant deferral / active EE

$1,943

$2,453-20.8%

$3,373-42.4%

$3,806-48.9%

Admin fee / account holder

$180

$287-37.2%

$5,960-97.0%

$158+14.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$36,070

D.B. ROOT & COMPANY, LLC2 years

Filed as: DB ROOT AND COMOPANY LLC

Service code 27 · EIN 82-1414976

436 7TH AVE · PITTSBURGH, PA 15219

Advisory (Plan)

$23,855

THE BENEFIT ADVANTAGE, INC.3 years

Filed as: THE BENEFIT ADVANTAGE

Service code 13

3497 AUBURN ROAD · AUBURN HILLS, MI 48326

Contract Administrator

$6,180

VENTURE VISIONARY PARTNERS LLC1 year

Service code 27

5520 MONROE ST STE B · SYLVANIA, OH 43560

Advisory (Plan)

$5,166

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$612

ZINGERMANS COMMUNITY OF BUSINESSES EMPLOYEES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZINGERMANS COMMUNITY OF BUSINESSES EMPLOYEES 401K 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