Retirement plan

R L MORGAN COMPANY PROFIT SHARING PLAN

Name: R L MORGAN COMPANY - R L MORGAN COMPANY PROFIT SHARING PLAN (2016) Form 5500
Creator: R L MORGAN COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R L MORGAN COMPANY PROFIT SHARING PLAN, R L MORGAN COMPANY

R L MORGAN COMPANYEIN 38-2567152Plan #001PY 2016

6429 W PIERSON RD, SUITE 19 - FLUSHING, MI 48433810-659-2291

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.7M

+5.8% from 2015

Total participants

137

-12.2% from 2015

Average account balance

$16,416

+33.5% from 2015

Annual return

8.96%

+10.52 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.70M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

241

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.

71.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$212K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$799

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

+12.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$153

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 4 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	$12,068
TAYLOR & MORGAN ASSET MANAGEMENT2+ years Service code 28 · EIN 27-3223635	Investment Management	$6,807
LAYTON & RICHARDSON, P.C.1 year Service code 10 · EIN 38-2024865	Accounting	$5,400
TD AMERITRADE, INC.2+ years Filed as: TD AMERITRADE Service code 15 · EIN 20-0937408	Recordkeeping	$1,125

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$25K

$203 / participant

Investment mgmt$25K100.0%

% of EOY assets

1.502%

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: LAYTON & RICHARDSON, PC
Auditor EIN: 382024865
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,416

$42,546-61.4%

$71,796-77.1%

$55,167-70.2%

Participation rate

72.8%

59.1%+13.7pp

69.1%+3.7pp

69.0%+3.8pp

Annual return

8.96%

12.36%-3.4pp

78.04%-69.1pp

169.23%-160.3pp

Employer contribution / active EE

$803-100.0%

$1,924-100.0%

$1,963-100.0%

Participant deferral / active EE

$336

$2,064-83.7%

$2,794-88.0%

$3,054-89.0%

Admin fee / account holder

$247

$650-62.0%

$4,815-94.9%

$504-51.1%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP2+ years

Filed as: ALLIANCE BENEFIT GROUP OF MI, INC.

Service code 15 · EIN 38-2738460

Recordkeeping

$12,068

TAYLOR & MORGAN ASSET MANAGEMENT2+ years

Service code 28 · EIN 27-3223635

Investment Management

$6,807

LAYTON & RICHARDSON, P.C.1 year

Service code 10 · EIN 38-2024865

Accounting

$5,400

TD AMERITRADE, INC.2+ years

Filed as: TD AMERITRADE

Service code 15 · EIN 20-0937408

Recordkeeping

$1,125

R L MORGAN COMPANY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R L MORGAN COMPANY 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