Retirement plan

FORWARD SERVICE CORPORATION 401(K) PLAN

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

FORWARD SERVICE CORPORATIONEIN 39-1342890Plan #002PY 2018

4600 AMERICAN PARKWAY, SUITE 301 - MADISON, WI 53718608-268-2254forwardservices.netLinkedIn1-10 employeesinformation technology and services

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed November 14, 2016

Plan administrator

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4600 American Parkway, Suite 301

Madison State: WI Zip Code: 53718

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Plans declared (1)

Plan name not on file1 emp

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Total assets (EOY)

$10.5M

+13.4% from 2017

Total participants

350

-8.9% from 2017

Average account balance

$40,687

+16.4% from 2017

Annual return

8.82%

-10.91 pp from 2017

Benchmarks

See 691 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort691 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.07M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

321

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.

77.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.31M

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

+12.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC2 years Filed as: KESTRA ADVISORY SERVICES Service code 27 · EIN 35-2552359	Advisory (Plan)	$35,959
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$34,948
GOLDLEAF PARTNERS1 year Filed as: GOLDLEAF PARTNERS SERVICES, INC. Service code 13 · EIN 45-0514557	Contract Administrator	$9,920
GOLDLEAF PARTNERS2 years Filed as: GOLDLEAF PARTNERS SERVICES INC Service code 13	Contract Administrator	$5,937

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$81K

$257 / participant

Investment mgmt$36K44.5%
Contract admin$45K55.5%

% of EOY assets

0.770%

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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,687

$44,473-8.5%

$76,518-46.8%

$55,725-27.0%

Participation rate

70.7%

51.0%+19.7pp

68.0%+2.7pp

70.9%-0.2pp

Annual return

8.82%

-2.01%+10.8pp

-0.27%+9.1pp

244.93%-236.1pp

Employer contribution / active EE

$1,664

$1,101+51.1%

$2,647-37.1%

$2,078-19.9%

Participant deferral / active EE

$2,468

$1,988+24.1%

$3,836-35.7%

$3,356-26.5%

Admin fee / account holder

$313

$134+133.6%

$4,849-93.5%

$115+172.0%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC2 years

Filed as: KESTRA ADVISORY SERVICES

Service code 27 · EIN 35-2552359

Advisory (Plan)

$35,959

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$34,948

GOLDLEAF PARTNERS1 year

Filed as: GOLDLEAF PARTNERS SERVICES, INC.

Service code 13 · EIN 45-0514557

Contract Administrator

$9,920

GOLDLEAF PARTNERS2 years

Filed as: GOLDLEAF PARTNERS SERVICES INC

Service code 13

Contract Administrator

$5,937

FORWARD SERVICE CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORWARD SERVICE CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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