Retirement plan

SOUTHERN MANAGEMENT CORPORATION 401(K) SAVINGS PLAN

Name: SOUTHERN MANAGEMENT CORPORATION - SOUTHERN MANAGEMENT CORPORATION 401(K) SAVINGS PLAN (2017) Form 5500
Creator: SOUTHERN MANAGEMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN MANAGEMENT CORPORATION 401(K) SAVINGS PLAN, SOUTHERN MANAGEMENT CORPORATION

SOUTHERN MANAGEMENT CORPORATIONEIN 52-1223227Plan #003PY 2017

1950 OLD GALLOWS ROAD, SUITE 600 - VIENNA, VA 22182703-902-2000southernmanagement.comLinkedIn1001-5000 employeesreal estate

Other plans on this EIN

1 filing

#001Retirement-$49.3M assets

Prospect flagsLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$19.1M

+26.0% from 2016

Total participants

1,970

-6.7% from 2016

Average account balance

$27,411

+14.9% from 2016

Annual return

20.50%

+14.14 pp from 2016

Benchmarks

See 114 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort114 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$91.66M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

1,983

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.

63.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.92M

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

+10.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$97

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
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$83,754
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$22,994
KESTRA INVESTMENT SERVICES LLC2 years Service code 55 1250 CAPITAL OF TEXAS HWY S · AUSTIN, TX 78746	Other Commissions	$11,770
UNIGLOBAL PENSION PLANNING, INC.3+ years Service code 13 10432 BALLS FORD ROAD STE 100 · MANASSAS, VA 20109	Contract Administrator	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$104K

$54 / participant

Contract admin$104K99.9%
Other / not subdivided$660.1%

% of EOY assets

0.544%

all-in expense ratio

Categories reported

1 / 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: KOZAK, POLLEKOFF & GOLDMAN, P.C.
Auditor EIN: 541639552
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,411

$43,233-36.6%

$185,117-85.2%

$77,958-64.8%

Participation rate

32.9%

64.2%-31.3pp

77.3%-44.3pp

71.6%-38.7pp

Annual return

20.50%

20.43%+0.1pp

40.50%-20.0pp

20.87%-0.4pp

Employer contribution / active EE

$1,312-100.0%

$4,182-100.0%

$2,310-100.0%

Participant deferral / active EE

$866

$2,912-70.3%

$5,045-82.8%

$3,537-75.5%

Admin fee / account holder

$149

$95+56.7%

$8,159-98.2%

$97+53.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$83,754

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$22,994

KESTRA INVESTMENT SERVICES LLC2 years

Service code 55

1250 CAPITAL OF TEXAS HWY S · AUSTIN, TX 78746

Other Commissions

$11,770

UNIGLOBAL PENSION PLANNING, INC.3+ years

Service code 13

10432 BALLS FORD ROAD STE 100 · MANASSAS, VA 20109

Contract Administrator

$10,000

SOUTHERN MANAGEMENT CORPORATION 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN MANAGEMENT CORPORATION 401(K) SAVINGS 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