Retirement plan

OMNINET PROPERTY MANAGEMENT IN 401(K) PROFIT SHARING PLAN & TRUST

Name: OMNINET PROPERTY MANAGEMENT IN - OMNINET PROPERTY MANAGEMENT IN 401(K) PROFIT SHARING PLAN & TRUST (2016) Form 5500
Creator: OMNINET PROPERTY MANAGEMENT IN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OMNINET PROPERTY MANAGEMENT IN 401(K) PROFIT SHARING PLAN & TRUST, OMNINET PROPERTY MANAGEMENT IN

OMNINET PROPERTY MANAGEMENT INEIN 46-3710327Plan #001PY 2016

9420 WILSHIRE BLVD FLOOR 4 - BEVERLY HILLS, CA 90212310-300-4150LinkedIn201-500 employeestelecommunications

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$187K

No prior year

Total participants

206

No prior year

Average account balance

$18,654

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$999K

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

36.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$149K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$714

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

+15.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2569

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 codes2E2F2G2J2T3D

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.
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

2 tripped

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

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: LEE CPA GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,654

$43,423-57.0%

$78,676-76.3%

$55,167-66.2%

Participation rate

4.9%

68.0%-63.2pp

73.6%-68.7pp

69.0%-64.1pp

Annual return

0.00%

11.53%-11.5pp

62.19%-62.2pp

169.23%-169.2pp

Employer contribution / active EE

$1,997-100.0%

$2,850-100.0%

$1,963-100.0%

Participant deferral / active EE

$22

$2,509-99.1%

$3,517-99.4%

$3,054-99.3%

Admin fee / account holder

$416-100.0%

$4,510-100.0%

$504-100.0%

OMNINET PROPERTY MANAGEMENT IN 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

OMNINET PROPERTY MANAGEMENT IN 401(K) PROFIT SHARING PLAN & TRUST

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