Retirement plan

SALMON GROUP, INC. 401(K) PLAN

Name: SALMON GROUP, INC. - SALMON GROUP, INC. 401(K) PLAN (2016) Form 5500
Creator: SALMON GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SALMON GROUP, INC. 401(K) PLAN, SALMON GROUP, INC.

SALMON GROUP, INC.EIN 52-1927108Plan #001PY 2016

1101 PENNSYLVANIA AVE., STE. 530 - WASHINGTON, DC 20004

Other plans on this EIN

1 filing

#002Retirement-$340K assets

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

How to read this page

Total assets (EOY)

$944K

+46.9% from 2015

Total participants

195

+33.6% from 2015

Average account balance

$6,892

+24.4% from 2015

Annual return

-3.33%

-3.33 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

$2.01M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

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.

32.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$200K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6336

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
NERT ADMINISTRATOR1 year Service code 37 · EIN 52-0964235	Loan Processing	$490
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$375
ADP BROKER-DEALER2+ years Filed as: ADP BORKER - DEALER Service code 59	Shareholder Servicing	$0
ADP BROKER-DEALER2+ years Filed as: ADP BROKER - DEALER Service code 59	Shareholder Servicing	$0
ADP BROKER-DEALER2+ years Filed as: ADP BROKER -DEALER Service code 59	Shareholder Servicing	$0
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984	Other Services	$0
NERT1 year Service code 25 · EIN 52-1952213	Directed Trustee	$0
NERT ADMINISTRATOR1 year Filed as: NERT DIRECT TRUSTEE Service code 25	Directed Trustee	$0
NERT DIRECTED TRUSTEE1 year Service code 25 · EIN 52-0312970	Directed Trustee	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

6 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.
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

$865

$6 / participant

Other / not subdivided$865100.0%

% of EOY assets

0.092%

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: MENDELSON & MENDELSON CERTIFIED PUB
Auditor EIN: 520954153
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,892

$75,183-90.8%

$123,894-94.4%

$55,167-87.5%

Participation rate

60.5%

72.8%-12.3pp

81.4%-20.9pp

69.0%-8.4pp

Annual return

-3.33%

19.01%-22.3pp

47.52%-50.9pp

169.23%-172.6pp

Employer contribution / active EE

$1,079

$2,823-61.8%

$4,617-76.6%

$1,963-45.0%

Participant deferral / active EE

$1,688

$5,084-66.8%

$5,984-71.8%

$3,054-44.7%

Admin fee / account holder

$663-99.0%

$8,357-99.9%

$504-98.7%

Provider

Service type

Compensation

NERT ADMINISTRATOR1 year

Service code 37 · EIN 52-0964235

Loan Processing

$490

ADP BROKER-DEALER2+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$375

ADP BROKER-DEALER2+ years

Filed as: ADP BORKER - DEALER

Service code 59

Shareholder Servicing

ADP BROKER-DEALER2+ years

Filed as: ADP BROKER - DEALER

Service code 59

Shareholder Servicing

ADP BROKER-DEALER2+ years

Filed as: ADP BROKER -DEALER

Service code 59

Shareholder Servicing

ADP BROKER-DEALER2+ years

Service code 49 · EIN 22-3319984

Other Services

NERT1 year

Service code 25 · EIN 52-1952213

Directed Trustee

NERT ADMINISTRATOR1 year

Filed as: NERT DIRECT TRUSTEE

Service code 25

Directed Trustee

NERT DIRECTED TRUSTEE1 year

Service code 25 · EIN 52-0312970

Directed Trustee

SALMON GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SALMON GROUP, INC. 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