Retirement plan

SYMPHONY POST-ACUTE NETWORK MULTIPLE EMPLOYER PLAN - M

Name: MAESTRO CONSULTING SERVICES, LLC (DBA SYMPHONY POST-ACUTE NETWORK) - SYMPHONY POST-ACUTE NETWORK MULTIPLE EMPLOYER PLAN - M (2016) Form 5500
Creator: MAESTRO CONSULTING SERVICES, LLC (DBA SYMPHONY POST-ACUTE NETWORK)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYMPHONY POST-ACUTE NETWORK MULTIPLE EMPLOYER PLAN - M, MAESTRO CONSULTING SERVICES, LLC (DBA SYMPHONY POST-ACUTE NETWORK)

MAESTRO CONSULTING SERVICES, LLC (DBA SYMPHONY POST-ACUTE NETWORK)EIN 47-5109722Plan #001PY 2016

7257 N. LINCOLN AVE., FIRST FLOOR - LINCOLNWOOD, IL 60712847-933-2600LinkedIn1001-5000 employeestelecommunications

Other plans on this EIN

1 filing

#002Retirement-$13.0M assets

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.2M

No prior year

Total participants

165

No prior year

Average account balance

$39,648

No prior year

Annual return

38.62%

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

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-80.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$22,240
IRON-CO-FID-COMPREHENSIVE1+ years Filed as: IRON ADMINISTRATION LLC Service code 17 660 DUNDEE ROAD · NORTHBROOK, IL 60062	Pension Consulting	$14,759
HOKIN INVESTMENT ADVISORS1+ years Filed as: HOKIN INVESTMENT ADVISORS, LLC Service code 27 707 SKOKIE BLVD. · NORTHBROOK, IL 60062	Advisory (Plan)	$13,952
PENSION FINANCIAL SERVICES, INC.1+ years Filed as: PENSION FINANCIAL SVCS INC Service code 49 3700 CRESTWOOD PARKWAY · DULUTH, GA 300967157	Other Services	$121
CLS INVESTMENTS1+ years Service code 27 17605 WRIGHT STREET · OMAH, NE 68130	Advisory (Plan)	$82

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$51K

$430 / participant

Investment mgmt$18K35.4%
Contract admin$2K3.7%
Other / not subdivided$31K60.9%

% of EOY assets

1.206%

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: MARCUM, LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,648

$43,423-8.7%

$78,676-49.6%

$55,167-28.1%

Participation rate

51.3%

68.0%-16.8pp

73.6%-22.3pp

69.0%-17.7pp

Annual return

38.62%

11.53%+27.1pp

62.19%-23.6pp

169.23%-130.6pp

Employer contribution / active EE

$333

$1,997-83.3%

$2,850-88.3%

$1,963-83.1%

Participant deferral / active EE

$3,524

$2,509+40.5%

$3,517+0.2%

$3,054+15.4%

Admin fee / account holder

$478

$416+14.9%

$4,510-89.4%

$504-5.1%

Provider

Service type

Compensation

NATIONWIDE1+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$22,240

IRON-CO-FID-COMPREHENSIVE1+ years

Filed as: IRON ADMINISTRATION LLC

Service code 17

660 DUNDEE ROAD · NORTHBROOK, IL 60062

Pension Consulting

$14,759

HOKIN INVESTMENT ADVISORS1+ years

Filed as: HOKIN INVESTMENT ADVISORS, LLC

Service code 27

707 SKOKIE BLVD. · NORTHBROOK, IL 60062

Advisory (Plan)

$13,952

PENSION FINANCIAL SERVICES, INC.1+ years

Filed as: PENSION FINANCIAL SVCS INC

Service code 49

3700 CRESTWOOD PARKWAY · DULUTH, GA 300967157

Other Services

$121

CLS INVESTMENTS1+ years

Service code 27

17605 WRIGHT STREET · OMAH, NE 68130

Advisory (Plan)

$82

SYMPHONY POST-ACUTE NETWORK MULTIPLE EMPLOYER PLAN - M

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYMPHONY POST-ACUTE NETWORK MULTIPLE EMPLOYER PLAN - M

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