Retirement plan

OMICRON INC 401K PLAN

Name: OMICRON INC - OMICRON INC 401K PLAN (2018) Form 5500
Creator: OMICRON INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OMICRON INC 401K PLAN, OMICRON INC

OMICRON INCEIN 38-2776798Plan #001PY 2018

PO BOX 1027 - ANN ARBOR, MI 48106734-665-3771

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$5.1M

+0.7% from 2017

Total participants

-2.1% from 2017

Average account balance

$70,293

+3.4% from 2017

Annual return

-2.08%

-9.00 pp from 2017

Benchmarks

See 510 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants25-99

Cohort510 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.74M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$182K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33410

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 1 by compensation

Provider	Service type	Compensation
SENTRY LIFE INSURANCE COMPANY1 year Service code 64 · EIN 39-6040276	Recordkeeping Fees	$125

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1K

$19 / participant

Investment mgmt$1K91.4%
Contract admin$1258.6%

% of EOY assets

0.028%

all-in expense ratio

Categories reported

2 / 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: EDWARDS ELLIS STANLEY ARMSTRONG BOW
Auditor EIN: 382337970
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,293

$76,401-8.0%

$106,387-33.9%

$64,173+9.5%

Participation rate

75.6%

73.5%+2.1pp

77.5%-1.8pp

69.6%+6.1pp

Annual return

-2.08%

-2.19%+0.1pp

0.25%-2.3pp

7.63%-9.7pp

Employer contribution / active EE

$2,680-100.0%

$3,520-100.0%

$2,381-100.0%

Participant deferral / active EE

$3,994

$4,274-6.5%

$5,421-26.3%

$3,470+15.1%

Admin fee / account holder

$20

$4,610-99.6%

$7,510-99.7%

$4,887-99.6%

Provider

Service type

Compensation

SENTRY LIFE INSURANCE COMPANY1 year

Service code 64 · EIN 39-6040276

Recordkeeping Fees

$125

OMICRON INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OMICRON INC 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