Retirement plan

ROBERTS & ROBERTS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN

Name: ROBERTS AND ROBERTS, INC. - ROBERTS & ROBERTS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN (2019) 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 2019

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)

$1.1M

+30.4% from 2018

Total participants

163

+3.8% from 2018

Average account balance

$26,456

+24.3% from 2018

Annual return

18.98%

+25.83 pp from 2018

Benchmarks

See 899 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort899 peers

Snapshot2019

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
ABG PORTFOLIO STRATEGIES, INC.5+ years Service code 16 · EIN 38-3462761	Consulting	$4,445
ALLIANCE BENEFIT GROUP5+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460	Recordkeeping	$2,272
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY TRUST COMPANY Service code 15 · EIN 04-3511550	Recordkeeping	$1,092

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

$8K

$50 / participant

Investment mgmt$8K100.0%

% of EOY assets

0.686%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,456

$31,679-16.5%

$74,719-64.6%

$65,185-59.4%

Participation rate

22.6%

40.4%-17.8pp

54.5%-31.9pp

70.2%-47.6pp

Annual return

18.98%

39.04%-20.1pp

753.05%-734.1pp

29.38%-10.4pp

Employer contribution / active EE

$566-100.0%

$1,084-100.0%

$2,177-100.0%

Participant deferral / active EE

$884

$1,191-25.8%

$1,963-55.0%

$3,514-74.8%

Admin fee / account holder

$182

$379-52.1%

$3,334-94.6%

$847-78.6%

Provider

Service type

Compensation

ABG PORTFOLIO STRATEGIES, INC.5+ years

Service code 16 · EIN 38-3462761

Consulting

$4,445

ALLIANCE BENEFIT GROUP5+ years

Filed as: ALLIANCE BENEFIT GROUP OF MI, INC.

Service code 15 · EIN 38-2738460

Recordkeeping

$2,272

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY TRUST COMPANY

Service code 15 · EIN 04-3511550

Recordkeeping

$1,092

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