Retirement plan

FORUM COMMUNICATIONS COMPANY 401(K) PLAN

Name: FORUM COMMUNICATIONS COMPANY - FORUM COMMUNICATIONS COMPANY 401(K) PLAN (2016) Form 5500
Creator: FORUM COMMUNICATIONS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORUM COMMUNICATIONS COMPANY 401(K) PLAN, FORUM COMMUNICATIONS COMPANY

FORUM COMMUNICATIONS COMPANYEIN 45-0129560Plan #004PY 2016

PO BOX 2020 - FARGO, ND 581082020701-235-7311LinkedIn1-10 employeessecurity and investigations

Prospect flagsLow participant contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed November 30, 2017

Plan administrator

Plan administrator name— Sign in and upgrade to view

P.O. Box 2020

Fargo State: ND Zip Code: 58107

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Forum Communications Company Executive Retirement Plan1 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$70.3M

No prior year

Total participants

1,945

No prior year

Average account balance

$43,254

No prior year

Annual return

9.62%

No prior year

Benchmarks

See 183 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort183 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$90.90M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

880

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.

68.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.09M

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$159

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 1 by compensation

Provider	Service type	Compensation
BELL BANK1+ years Filed as: BELL STATE BANK & TRUST Service code 26 · EIN 45-6076392	Advisory (Participants)	$151,042

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
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

2 tripped

OpportunityLow participant contribution
Participant 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).

Expense breakdown

Schedule H Part II

Admin total

$151K

$102 / participant

Contract admin$151K100.0%

% of EOY assets

0.215%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,254

$70,106-38.3%

$80,977-46.6%

$63,975-32.4%

Participation rate

78.4%

79.4%-0.9pp

75.8%+2.6pp

71.1%+7.3pp

Annual return

9.62%

13.93%-4.3pp

17.11%-7.5pp

48.65%-39.0pp

Employer contribution / active EE

$589

$2,042-71.1%

$3,715-84.1%

$2,182-73.0%

Participant deferral / active EE

$1,975

$5,245-62.3%

$5,696-65.3%

$3,356-41.1%

Admin fee / account holder

$93

$57+63.0%

$5,517-98.3%

$70+31.9%

Provider

Service type

Compensation

BELL BANK1+ years

Filed as: BELL STATE BANK & TRUST

Service code 26 · EIN 45-6076392

Advisory (Participants)

$151,042

FORUM COMMUNICATIONS COMPANY 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

FORUM COMMUNICATIONS COMPANY 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