Retirement plan

ROBERTS & ROBERTS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN

Name: ROBERTS AND ROBERTS, INC. - ROBERTS & ROBERTS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: ROBERTS AND ROBERTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROBERTS & ROBERTS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN, ROBERTS AND ROBERTS, INC.

ROBERTS AND ROBERTS, INC.EIN 38-2479022Plan #001PY 2016

16205 W. FOURTEEN MILE RD., STE.100 - BEVERLY HILLS, MI 48025248-646-6395

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$815K

No prior year

Total participants

170

No prior year

Average account balance

$22,032

No prior year

Annual return

5.90%

No prior year

Benchmarks

See 875 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort875 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.48M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

28.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$53K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$720

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

+11.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10462

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 3 by compensation

Provider	Service type	Compensation
ALLIANCE BENEFIT GROUP2+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460	Recordkeeping	$3,430
ABG PORTFOLIO STRATEGIES, INC.2+ years Service code 16 · EIN 38-3462761	Consulting	$866
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Filed as: FIDELITY INVESTMENTS Service code 15 · EIN 04-3523567	Recordkeeping	$615

Plan features & details

Pension benefit codes2E2F2J2K2T3D2G

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$5K

$30 / participant

Investment mgmt$5K100.0%

% of EOY assets

0.602%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,032

$25,723-14.3%

$69,182-68.2%

$55,167-60.1%

Participation rate

19.9%

39.4%-19.6pp

55.1%-35.2pp

69.0%-49.1pp

Annual return

5.90%

9.56%-3.7pp

-21.93%+27.8pp

169.23%-163.3pp

Employer contribution / active EE

$480-100.0%

$1,206-100.0%

$1,963-100.0%

Participant deferral / active EE

$525

$963-45.5%

$1,897-72.3%

$3,054-82.8%

Admin fee / account holder

$133

$365-63.6%

$2,697-95.1%

$504-73.7%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP2+ years

Filed as: ALLIANCE BENEFIT GROUP OF MI, INC.

Service code 15 · EIN 38-2738460

Recordkeeping

$3,430

ABG PORTFOLIO STRATEGIES, INC.2+ years

Service code 16 · EIN 38-3462761

Consulting

$866

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Filed as: FIDELITY INVESTMENTS

Service code 15 · EIN 04-3523567

Recordkeeping

$615

ROBERTS & ROBERTS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROBERTS & ROBERTS, INC. EMPLOYEES' RETIREMENT SAVINGS 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