Retirement plan

USG MANAGEMENT SERVICES OF FLORIDA, INC. 401(K) PLAN

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

USG MANAGEMENT SERVICES OF FLORIDA, INC.EIN 42-1615219Plan #001PY 2016

3810 NORTHDALE BLVD., STE 190 - TAMPA, FL 33624813-466-3580

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$5.9M

+13.5% from 2015

Total participants

172

+8.9% from 2015

Average account balance

$37,655

+2.0% from 2015

Annual return

8.64%

+5.92 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.47M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

261

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+18.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$534

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 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES, INC. Service code 70 · EIN 13-2638166 1285 AVENUE OF THE AMERICAS · NEW YORK, NY 10019	Consulting Fees	$10,079
HACKER, JOHNSON & SMITH PA2+ years Service code 10 · EIN 59-2153385	Accounting	$5,800
PENSION ASSURANCE LLP2+ years Filed as: KB PENSION SERVICES Service code 15 · EIN 65-0721164 9423 TOWN CENTER PARKWAY · LAKEWOOD RANCH, FL 34202	Recordkeeping	$2,985
JOHN HANCOCK LIFE INSURANCE COMPANY2+ years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 P. O. BOX 600 · BUFFALO, NY 14201	Recordkeeping	$400

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$9K

$63 / participant

Contract admin$4004.4%
Other / not subdivided$9K95.6%

% of EOY assets

0.154%

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: HACKER, JOHNSON & SMITH, PA
Auditor EIN: 592153385
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,655

$74,089-49.2%

$133,975-71.9%

$55,167-31.7%

Participation rate

90.3%

84.3%+6.1pp

87.1%+3.3pp

69.0%+21.4pp

Annual return

8.64%

12.11%-3.5pp

29.29%-20.7pp

169.23%-160.6pp

Employer contribution / active EE

$1,278

$3,064-58.3%

$5,211-75.5%

$1,963-34.9%

Participant deferral / active EE

$3,815

$4,678-18.5%

$6,282-39.3%

$3,054+24.9%

Admin fee / account holder

$58

$458-87.3%

$9,324-99.4%

$504-88.5%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 70 · EIN 13-2638166

1285 AVENUE OF THE AMERICAS · NEW YORK, NY 10019

Consulting Fees

$10,079

HACKER, JOHNSON & SMITH PA2+ years

Service code 10 · EIN 59-2153385

Accounting

$5,800

PENSION ASSURANCE LLP2+ years

Filed as: KB PENSION SERVICES

Service code 15 · EIN 65-0721164

9423 TOWN CENTER PARKWAY · LAKEWOOD RANCH, FL 34202

Recordkeeping

$2,985

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

P. O. BOX 600 · BUFFALO, NY 14201

Recordkeeping

$400

USG MANAGEMENT SERVICES OF FLORIDA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

USG MANAGEMENT SERVICES OF FLORIDA, INC. 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