Retirement plan

THE DATA ENTRY COMPANY 401(K) PLAN

Name: THE DATA ENTRY COMPANY - THE DATA ENTRY COMPANY 401(K) PLAN (2018) Form 5500
Creator: THE DATA ENTRY COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE DATA ENTRY COMPANY 401(K) PLAN, THE DATA ENTRY COMPANY

THE DATA ENTRY COMPANYEIN 52-1445148Plan #001PY 2018

8001 WISCONSIN AVE., SUITE 200 - BETHESDA, MD 20814301-334-1234federalcityllc.comLinkedIn51-200 employees

Prospect flagsLow returnsLow assets / participantLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$1.8M

-16.7% from 2017

Total participants

332

-28.3% from 2017

Average account balance

$6,331

+15.5% from 2017

Annual return

-8.63%

-26.61 pp from 2017

Benchmarks

See 865 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort865 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.56M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

369

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.

81.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$925K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+18.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$177

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PIERCE FENNER & SMIT Service code 52 · EIN 13-5674085	Indirect Investment Fees	$26,375
ADP BROKER-DEALER1 year Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$16,378
RSM US LLP1 year Filed as: MCGLADREY & PULLEN Service code 15 · EIN 42-0714325	Recordkeeping	$15,000
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$11,790
NEWPORT GROUP, INC.1 year Service code 15 1350 TREAT BOULEVARD · WALNUT CREEK, CA 94957	Recordkeeping	$6,840
ADP BROKER-DEALER1 year Service code 49 · EIN 22-3319984	Other Services	$0

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

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$76K

$460 / participant

Other / not subdivided$76K100.0%

% of EOY assets

4.204%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,331

$61,214-89.7%

$83,333-92.4%

$56,287-88.8%

Participation rate

72.9%

72.6%+0.3pp

77.8%-4.9pp

69.9%+3.0pp

Annual return

-8.63%

0.42%-9.0pp

10.63%-19.3pp

-9.96%+1.3pp

Employer contribution / active EE

$2,142

$1,925+11.3%

$3,379-36.6%

$2,111+1.5%

Participant deferral / active EE

$572

$5,091-88.8%

$5,565-89.7%

$3,350-82.9%

Admin fee / account holder

$266

$512-48.0%

$7,510-96.5%

$521-48.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PIERCE FENNER & SMIT

Service code 52 · EIN 13-5674085

Indirect Investment Fees

$26,375

ADP BROKER-DEALER1 year

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$16,378

RSM US LLP1 year

Filed as: MCGLADREY & PULLEN

Service code 15 · EIN 42-0714325

Recordkeeping

$15,000

ASCENSUS LLC1 year

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$11,790

NEWPORT GROUP, INC.1 year

Service code 15

1350 TREAT BOULEVARD · WALNUT CREEK, CA 94957

Recordkeeping

$6,840

ADP BROKER-DEALER1 year

Service code 49 · EIN 22-3319984

Other Services

THE DATA ENTRY COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE DATA ENTRY COMPANY 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