Retirement plan

SYMPHONY MULTIPLE EMPLOYER PLAN

Name: MAESTRO CONSULTING SERVICES, LLC DBA SYMPHONY POST-ACUTE NETWORK - SYMPHONY MULTIPLE EMPLOYER PLAN (2020) 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 MULTIPLE EMPLOYER PLAN, MAESTRO CONSULTING SERVICES, LLC DBA SYMPHONY POST-ACUTE NETWORK

MAESTRO CONSULTING SERVICES, LLC DBA SYMPHONY POST-ACUTE NETWORKEIN 47-5109722Plan #002PY 2020

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

Other plans on this EIN

1 filing

#001Retirement-$5.2M assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$23.8M

+19.2% from 2019

Total participants

2,005

-5.7% from 2019

Average account balance

$15,111

+4.6% from 2019

Annual return

15.59%

-3.48 pp from 2019

Benchmarks

See 243 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort243 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.29M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

1,113

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.

72.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$326

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 5 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969	Contract Administrator	$97,351
VENTURE VISIONARY PARTNERS LLC1 year Service code 28 5520 MONROE STREET, SUITE B · SYLVANIA, OH 43560	Investment Management	$66,941
PENSION FINANCIAL SERVICES, INC.1 year Filed as: PENSION FINANCIAL SERVICES Service code 13 3700 CRESTWOOD PARKWAY #550 · DULTUH, GA 30096	Contract Administrator	$60,959
NATIONWIDE1 year Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215	Recordkeeping	$43,778
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (bank, trust company, or simi...	$5,166

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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 employer contribution
Employer contribution per participant 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

$274K

$174 / participant

Investment mgmt$67K24.4%
Contract admin$202K73.5%
Other / not subdivided$6K2.1%

% of EOY assets

1.155%

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: JMM CPA
Auditor EIN: 472940358
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,111

$47,634-68.3%

$90,461-83.3%

$90,274-83.3%

Participation rate

72.5%

67.5%+5.0pp

72.7%-0.2pp

73.4%-0.9pp

Annual return

15.59%

19.61%-4.0pp

1294.76%-1279.2pp

53.97%-38.4pp

Employer contribution / active EE

$184

$1,749-89.5%

$3,264-94.4%

$2,523-92.7%

Participant deferral / active EE

$1,866

$2,824-33.9%

$3,964-52.9%

$4,231-55.9%

Admin fee / account holder

$175

$106+64.6%

$5,617-96.9%

$114+53.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Service code 13 · EIN 27-2037969

Contract Administrator

$97,351

VENTURE VISIONARY PARTNERS LLC1 year

Service code 28

5520 MONROE STREET, SUITE B · SYLVANIA, OH 43560

Investment Management

$66,941

PENSION FINANCIAL SERVICES, INC.1 year

Filed as: PENSION FINANCIAL SERVICES

Service code 13

3700 CRESTWOOD PARKWAY #550 · DULTUH, GA 30096

Contract Administrator

$60,959

NATIONWIDE1 year

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15

10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215

Recordkeeping

$43,778

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (bank, trust company, or simi...

$5,166

SYMPHONY MULTIPLE EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYMPHONY MULTIPLE EMPLOYER 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