Retirement plan

CURTIS SQUIRE, INC. RETIREMENT SAVINGS PLAN

Name: CURTIS SQUIRE, INC. - CURTIS SQUIRE, INC. RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: CURTIS SQUIRE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CURTIS SQUIRE, INC. RETIREMENT SAVINGS PLAN, CURTIS SQUIRE, INC.

CURTIS SQUIRE, INC.EIN 41-0661668Plan #001PY 2016

3939 EAST 46TH STREET - MINNEAPOLIS, MN 55406612-276-1818curtissquire.comLinkedIn501-1000 employeesinvestment management

Prospect flagsLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$8M

+13.1% from 2015

Total participants

671

+6.3% from 2015

Average account balance

$36,348

-4.3% from 2015

Annual return

8.97%

+10.99 pp from 2015

Benchmarks

See 236 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort236 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.07M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

222

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.

79.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

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

-8.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$487

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 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Indirect Investment Fees	$23,046
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Service code 53 · EIN 13-5674085	Insurance Commissions	$16,675
MIDWEST PENSION & PROFIT SHARING SE2+ years Filed as: MIDWEST PENSION & PROFIT SHG SVCS Service code 13	Contract Administrator	$7,772
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: EVESTNET RETIREMENT SOLUTIONS, LLC Service code 27	Advisory (Plan)	$0
MIDWEST PENSION & PROFIT SHARING SE1 year Service code 13 · EIN 41-1447816 121 SOUTH 8TH STREET #630 · MINNEAPOLIS, MN 55402	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$23K

$37 / participant

Investment mgmt$21K91.1%
Other / not subdivided$2K8.9%

% of EOY assets

0.289%

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: BOYUM & BARENSCHEER, PLLP
Auditor EIN: 416192096
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,348

$65,820-44.8%

$108,745-66.6%

$57,658-37.0%

Participation rate

29.0%

72.7%-43.7pp

77.7%-48.7pp

70.2%-41.2pp

Annual return

8.97%

21.32%-12.3pp

46.22%-37.2pp

5.13%+3.8pp

Employer contribution / active EE

$2,285-99.9%

$3,323-100.0%

$1,974-99.9%

Participant deferral / active EE

$1,361

$3,578-62.0%

$5,121-73.4%

$3,061-55.5%

Admin fee / account holder

$105

$91+15.1%

$6,144-98.3%

$95+11.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Indirect Investment Fees

$23,046

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Service code 53 · EIN 13-5674085

Insurance Commissions

$16,675

MIDWEST PENSION & PROFIT SHARING SE2+ years

Filed as: MIDWEST PENSION & PROFIT SHG SVCS

Service code 13

Contract Administrator

$7,772

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: EVESTNET RETIREMENT SOLUTIONS, LLC

Service code 27

Advisory (Plan)

MIDWEST PENSION & PROFIT SHARING SE1 year

Service code 13 · EIN 41-1447816

121 SOUTH 8TH STREET #630 · MINNEAPOLIS, MN 55402

Contract Administrator

CURTIS SQUIRE, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CURTIS SQUIRE, INC. RETIREMENT SAVINGS 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