Retirement plan

PLANET EQUITY GROUP, LLC 401(K) PLAN

Name: PLANET EQUITY GROUP, LLC - PLANET EQUITY GROUP, LLC 401(K) PLAN (2016) Form 5500
Creator: PLANET EQUITY GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLANET EQUITY GROUP, LLC 401(K) PLAN, PLANET EQUITY GROUP, LLC

PLANET EQUITY GROUP, LLCEIN 46-1996256Plan #001PY 2016

800 HILLGROVE AVE STE 105 - WESTERN SPRINGS, IL 605581543888-845-2539LinkedIn501-1000 employeestelecommunications

Prospect flagsLow returnsLow participationLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed August 9, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$2.7M

No prior year

Total participants

815

No prior year

Average account balance

$19,088

No prior year

Annual return

-7.14%

No prior year

Benchmarks

See 783 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort783 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$53.35M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

901

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.

40.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.01M

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

+20.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$277

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
AXA EQUITABLE LIFE INSURANCE CO1+ years Filed as: AXA ADVISORS, LLC Service code 55 · EIN 13-4071393 1290 AVENUE OF THE AMERICAS · NEW YORK, NY 10104	Other Commissions	$30,000
AXA EQUITABLE LIFE INSURANCE CO1+ years Service code 15 · EIN 13-5570651 1290 AVENUE OF THE AMERICAS · NEW YORK, NY 10104	Recordkeeping	$9,053
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$5

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

4 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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$11K

$14 / participant

Contract admin$9K80.3%
Other / not subdivided$2K19.7%

% of EOY assets

0.419%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BKD LLP CPAS & ADVISORS
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,088

$39,859-52.1%

$78,689-75.7%

$57,658-66.9%

Participation rate

12.0%

66.1%-54.1pp

73.6%-61.6pp

70.2%-58.2pp

Annual return

-7.14%

18.96%-26.1pp

62.18%-69.3pp

5.13%-12.3pp

Employer contribution / active EE

$1,786-100.0%

$2,851-100.0%

$1,974-100.0%

Participant deferral / active EE

$1,392

$2,248-38.1%

$3,517-60.4%

$3,061-54.5%

Admin fee / account holder

$80

$76+5.0%

$4,510-98.2%

$95-15.4%

Provider

Service type

Compensation

AXA EQUITABLE LIFE INSURANCE CO1+ years

Filed as: AXA ADVISORS, LLC

Service code 55 · EIN 13-4071393

1290 AVENUE OF THE AMERICAS · NEW YORK, NY 10104

Other Commissions

$30,000

AXA EQUITABLE LIFE INSURANCE CO1+ years

Service code 15 · EIN 13-5570651

1290 AVENUE OF THE AMERICAS · NEW YORK, NY 10104

Recordkeeping

$9,053

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

PLANET EQUITY GROUP, LLC 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLANET EQUITY GROUP, LLC 401(K) PLAN

Top hat statement on fileNQDC

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