Retirement plan

SOLID ROCK MANAGEMENT COMPANY EXECUTIVE TEAM 401K

Name: SOLID ROCK MANAGEMENT COMPANY - SOLID ROCK MANAGEMENT COMPANY EXECUTIVE TEAM 401K (2016) Form 5500
Creator: SOLID ROCK MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOLID ROCK MANAGEMENT COMPANY EXECUTIVE TEAM 401K, SOLID ROCK MANAGEMENT COMPANY

SOLID ROCK MANAGEMENT COMPANYEIN 38-3414938Plan #003PY 2016

3031 W GRAND BLVD STE 524 - DETROIT, MI 48202313-873-7625solidrock-management.comLinkedIn201-500 employeeseducation management

Other plans on this EIN

1 filing

#001Retirement-$1.5M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$457K

+7.1% from 2015

Total participants

+12.5% from 2015

Average account balance

$50,755

-4.8% from 2015

Annual return

3.07%

-1680.45 pp from 2015

Benchmarks

See 5,384 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,384 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.24M

Not enough data

1 years with asset history on file

Average account balance

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

$248K

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

$36K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+19.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1651

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$20K

$2867 / participant

Other / not subdivided$20K100.0%

% of EOY assets

4.393%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,755

$65,712-22.8%

$57,196-11.3%

$273,972-81.5%

Participation rate

100.0%

78.3%+21.7pp

75.3%+24.7pp

83.0%+17.0pp

Annual return

3.07%

22.01%-18.9pp

14.59%-11.5pp

41.46%-38.4pp

Employer contribution / active EE

$1,574

$3,280-52.0%

$2,683-41.3%

$4,869-67.7%

Participant deferral / active EE

$3,112

$3,782-17.7%

$3,096+0.5%

$5,287-41.1%

Admin fee / account holder

$2,230

$4,838-53.9%

$3,141-29.0%

$10,133-78.0%

SOLID ROCK MANAGEMENT COMPANY EXECUTIVE TEAM 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOLID ROCK MANAGEMENT COMPANY EXECUTIVE TEAM 401K

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