Retirement plan

OAKLAND VETERINARY REFERRAL SERVICES 401(K) PLAN

Name: OAKLAND VETERINARY REFERRAL SERVICES - OAKLAND VETERINARY REFERRAL SERVICES 401(K) PLAN (2016) Form 5500
Creator: OAKLAND VETERINARY REFERRAL SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OAKLAND VETERINARY REFERRAL SERVICES 401(K) PLAN, OAKLAND VETERINARY REFERRAL SERVICES

OAKLAND VETERINARY REFERRAL SERVICESEIN 38-3102727Plan #001PY 2016

1400 TELEGRAPH ROAD - BLOOMFIELD HILLS, MI 48302248-334-6877ovrs.comLinkedIn51-200 employeesveterinary

Prospect flagsLow returnsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$5M

+10.0% from 2015

Total participants

129

+5.7% from 2015

Average account balance

$39,688

-2.3% from 2015

Annual return

6.62%

+8.53 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.17M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

303

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$972K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$148

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 3 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 55 31500 NORTHWESTERN HWY, STE. 150 · FARMINGTON HILLS, MI 48334	Other Commissions	$12,829
THE W.L. BURMEISTER COMPANY2+ years Service code 13 3358 EAGLE RUND DR., N.E., STE. 3 · GRAND RAPIDS, MI 49525	Contract Administrator	$4,960
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH & MANAGEMENT COMPA Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$694

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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

$6K

$55 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.114%

all-in expense ratio

Categories reported

0 / 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: KUSHNER KIPPELMAN & TAUB, PLLC
Auditor EIN: 261482899
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,688

$75,183-47.2%

$123,894-68.0%

$55,167-28.1%

Participation rate

96.1%

72.8%+23.3pp

81.4%+14.7pp

69.0%+27.1pp

Annual return

6.62%

19.01%-12.4pp

47.52%-40.9pp

169.23%-162.6pp

Employer contribution / active EE

$2,823-100.0%

$4,617-100.0%

$1,963-100.0%

Participant deferral / active EE

$4,106

$5,084-19.2%

$5,984-31.4%

$3,054+34.4%

Admin fee / account holder

$45

$663-93.2%

$8,357-99.5%

$504-91.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 55

31500 NORTHWESTERN HWY, STE. 150 · FARMINGTON HILLS, MI 48334

Other Commissions

$12,829

THE W.L. BURMEISTER COMPANY2+ years

Service code 13

3358 EAGLE RUND DR., N.E., STE. 3 · GRAND RAPIDS, MI 49525

Contract Administrator

$4,960

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH & MANAGEMENT COMPA

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$694

OAKLAND VETERINARY REFERRAL SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OAKLAND VETERINARY REFERRAL SERVICES 401(K) 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