Retirement plan

NATIONAL SAM INNOVATION PROJECT 401(K) PROFIT SHARING PLAN

Name: NATIONAL SAM INNOVATION PROJECT - NATIONAL SAM INNOVATION PROJECT 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: NATIONAL SAM INNOVATION PROJECT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL SAM INNOVATION PROJECT 401(K) PROFIT SHARING PLAN, NATIONAL SAM INNOVATION PROJECT

NATIONAL SAM INNOVATION PROJECTEIN 45-4454376Plan #001PY 2016

9100 SHELBYVILLE ROAD, SUITE 280 - LOUISVILLE, KY 40222502-777-7760samsconnect.comLinkedIn1-10 employeeseducation management

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$444K

No prior year

Total participants

No prior year

Average account balance

$40,360

No prior year

Annual return

1.61%

No prior year

Benchmarks

See 5,384 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,384 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.95M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

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.

63.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$139K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4144

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J2T3D

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).
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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,360

$65,712-38.6%

$57,196-29.4%

$273,972-85.3%

Participation rate

90.0%

78.3%+11.7pp

75.3%+14.7pp

83.0%+7.0pp

Annual return

1.61%

22.01%-20.4pp

14.59%-13.0pp

41.46%-39.8pp

Employer contribution / active EE

$7,671

$3,280+133.9%

$2,683+185.9%

$4,869+57.5%

Participant deferral / active EE

$4,001

$3,782+5.8%

$3,096+29.2%

$5,287-24.3%

Admin fee / account holder

$4,838-100.0%

$3,141-100.0%

$10,133-100.0%

NATIONAL SAM INNOVATION PROJECT 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NATIONAL SAM INNOVATION PROJECT 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion