Retirement plan

SOLARIS FOUNDATION 401(K) RETIREMENT PLAN

Name: SOLARIS FOUNDATION, INC. - SOLARIS FOUNDATION 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: SOLARIS FOUNDATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOLARIS FOUNDATION 401(K) RETIREMENT PLAN, SOLARIS FOUNDATION, INC.

SOLARIS FOUNDATION, INC.EIN 45-5611172Plan #001PY 2017

1951 J AND C BLVD - NAPLES, FL 34109239-919-1142solarisfoundation.orgLinkedIn1-10 employeesmedical practice

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$17.8M

+24.5% from 2016

Total participants

2,489

+8.0% from 2016

Average account balance

$24,035

+2.4% from 2016

Annual return

24.38%

+24.38 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.26M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

681

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.

31.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$143

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 3 by compensation

Provider	Service type	Compensation
M HOLDINGS SECURITIES INC2+ years Filed as: M HOLDING SECURITUES, INC. Service code 27 · EIN 91-1802259	Advisory (Plan)	$38,002
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$21,403
ACUFF & ASSOCIATES, INC.2+ years Service code 15 · EIN 62-1477251	Recordkeeping	$18,609

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$78K

$32 / participant

Investment mgmt$38K48.7%
Contract admin$21K27.4%
Other / not subdivided$19K23.9%

% of EOY assets

0.438%

all-in expense ratio

Categories reported

2 / 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: MCKERLEY & NOONAN, P.C.
Auditor EIN: 621797916
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,035

$44,989-46.6%

$170,435-85.9%

$77,958-69.2%

Participation rate

27.3%

64.6%-37.3pp

83.6%-56.2pp

71.6%-44.3pp

Annual return

24.38%

19.61%+4.8pp

205.94%-181.6pp

20.87%+3.5pp

Employer contribution / active EE

$120

$1,466-91.8%

$5,432-97.8%

$2,310-94.8%

Participant deferral / active EE

$613

$2,208-72.2%

$4,939-87.6%

$3,537-82.7%

Admin fee / account holder

$105

$69+52.7%

$13,881-99.2%

$97+8.1%

Provider

Service type

Compensation

M HOLDINGS SECURITIES INC2+ years

Filed as: M HOLDING SECURITUES, INC.

Service code 27 · EIN 91-1802259

Advisory (Plan)

$38,002

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$21,403

ACUFF & ASSOCIATES, INC.2+ years

Service code 15 · EIN 62-1477251

Recordkeeping

$18,609

SOLARIS FOUNDATION 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOLARIS FOUNDATION 401(K) RETIREMENT 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