Retirement plan

ANDREW RESIDENCE 401(K) PLAN

Name: ANDREW RESIDENCE MANAGEMENT, INC. DBA ANDREW RESIDENCE - ANDREW RESIDENCE 401(K) PLAN (2016) Form 5500
Creator: ANDREW RESIDENCE MANAGEMENT, INC. DBA ANDREW RESIDENCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANDREW RESIDENCE 401(K) PLAN, ANDREW RESIDENCE MANAGEMENT, INC. DBA ANDREW RESIDENCE

ANDREW RESIDENCE MANAGEMENT, INC. DBA ANDREW RESIDENCEEIN 41-1975239Plan #001PY 2016

1215 S. 9TH STREET - MINNEAPOLIS, MN 55404612-333-0111

Prospect flagsHigh cashLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6M

+15.2% from 2015

Total participants

152

-6.2% from 2015

Average account balance

$85,266

-1.3% from 2015

Annual return

6.22%

+6.65 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.85M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

103

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.

82.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$507K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10949

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 4 by compensation

Provider	Service type	Compensation
MIDWEST PENSION & PROFIT SHARING SE2+ years Filed as: MIDWEST PENSION & PROFIT SHARING SV Service code 13 · EIN 41-1447816	Contract Administrator	$10,763
AMERICAN FUNDS2+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 25 · EIN 95-1411037	Directed Trustee	$798
AMERICAN FUNDS2+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 52	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2+ years Service code 49	Other Services	$0

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$84 / participant

Contract admin$12K100.0%

% of EOY assets

0.194%

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: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,266

$46,732+82.5%

$156,551-45.5%

$55,167+54.6%

Participation rate

40.6%

65.8%-25.2pp

84.0%-43.4pp

69.0%-28.4pp

Annual return

6.22%

17.72%-11.5pp

32.23%-26.0pp

169.23%-163.0pp

Employer contribution / active EE

$1,522

$2,105-27.7%

$5,501-72.3%

$1,963-22.5%

Participant deferral / active EE

$2,026

$2,204-8.1%

$4,871-58.4%

$3,054-33.7%

Admin fee / account holder

$165

$418-60.5%

$13,028-98.7%

$504-67.2%

Provider

Service type

Compensation

MIDWEST PENSION & PROFIT SHARING SE2+ years

Filed as: MIDWEST PENSION & PROFIT SHARING SV

Service code 13 · EIN 41-1447816

Contract Administrator

$10,763

AMERICAN FUNDS2+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 25 · EIN 95-1411037

Directed Trustee

$798

AMERICAN FUNDS2+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 52

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2+ years

Service code 49

Other Services

ANDREW RESIDENCE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANDREW RESIDENCE 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