Retirement plan

KOLEY JESSEN P.C. 401(K) PLAN

Name: KOLEY JESSEN P.C. - KOLEY JESSEN P.C. 401(K) PLAN (2016) Form 5500
Creator: KOLEY JESSEN P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KOLEY JESSEN P.C. 401(K) PLAN, KOLEY JESSEN P.C.

KOLEY JESSEN P.C.EIN 47-0712652Plan #001PY 2016

1125 SOUTH 103 STREET, SUITE 800 - OMAHA, NE 68124402-343-3879koleyjessen.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$22.4M

+11.7% from 2015

Total participants

144

-3.4% from 2015

Average account balance

$155,686

-3.8% from 2015

Annual return

6.60%

+5.07 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.97M

Not enough data

1 years with asset history on file

Average account balance

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

$236K

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.

263

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+12.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$313

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 4 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH2+ years Filed as: CAMBRIDGE INVESTMENT RESEARCH INC. Service code 27 · EIN 42-1445429	Advisory (Plan)	$33,347
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Service code 13 · EIN 06-1050034	Contract Administrator	$21,934
MCDERMOTT & MILLER1 year Service code 10 · EIN 47-0608676	Accounting	$6,209
GORACKE & ASSOC CPA1 year Filed as: GORACKE & ASSOCIATES Service code 10 · EIN 47-0700692	Accounting	$5,000

Plan features & details

Pension benefit codes2E2G2J2K2F2T2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return 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

$67K

$538 / participant

Other / not subdivided$67K100.0%

% of EOY assets

0.298%

all-in expense ratio

Categories reported

0 / 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: LUTZ & COMPANY, P.C.
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$155,686

$75,183+107.1%

$123,894+25.7%

$55,167+182.2%

Participation rate

100.0%

72.8%+27.2pp

81.4%+18.6pp

69.0%+31.0pp

Annual return

6.60%

19.01%-12.4pp

47.52%-40.9pp

169.23%-162.6pp

Employer contribution / active EE

$5,766

$2,823+104.2%

$4,617+24.9%

$1,963+193.8%

Participant deferral / active EE

$9,311

$5,084+83.1%

$5,984+55.6%

$3,054+204.8%

Admin fee / account holder

$463

$663-30.1%

$8,357-94.5%

$504-8.1%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH2+ years

Filed as: CAMBRIDGE INVESTMENT RESEARCH INC.

Service code 27 · EIN 42-1445429

Advisory (Plan)

$33,347

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$21,934

MCDERMOTT & MILLER1 year

Service code 10 · EIN 47-0608676

Accounting

$6,209

GORACKE & ASSOC CPA1 year

Filed as: GORACKE & ASSOCIATES

Service code 10 · EIN 47-0700692

Accounting

$5,000

KOLEY JESSEN P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KOLEY JESSEN P.C. 401(K) 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