Retirement plan

NICHOLSON COMPANIES 401(K) PLAN

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

THE NICHOLSON COMPANIES, INC.EIN 54-0715081Plan #001PY 2016

819 W. LITTLE CREEK ROAD - NORFOLK, VA 23505757-423-3281

Prospect flagsLow returnsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$894K

No prior year

Total participants

122

No prior year

Average account balance

$11,613

No prior year

Annual return

5.31%

No prior year

Benchmarks

See 896 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort896 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.96M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

56.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$213K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3819

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 4 by compensation

Provider	Service type	Compensation
RT JONES CAPITAL EQUITIES MGMT INC1+ years Filed as: JONES CPA GROUP Service code 10 749 BOUSH STREET · NORFOLK, VA 23510	Accounting	$9,085
BKD, LLP2+ years Filed as: DIXON HUGHES GOODMAN, LLP Service code 13 · EIN 56-0747981	Contract Administrator	$5,800
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 · EIN 84-0467907	Recordkeeping Fees	$1,100
BKD, LLP1+ years Filed as: DIXON HUGHES GOODMAN LLP Service code 13	Contract Administrator	$758

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

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.
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

4 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.

Expense breakdown

Schedule H Part II

Admin total

$15K

$148 / participant

Contract admin$4002.6%
Other / not subdivided$15K97.4%

% of EOY assets

1.709%

all-in expense ratio

Categories reported

1 / 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: JONES CPA GROUP, P.C.
Auditor EIN: 541208437
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,613

$50,898-77.2%

$171,082-93.2%

$55,167-78.9%

Participation rate

56.3%

63.3%-7.0pp

76.7%-20.4pp

69.0%-12.7pp

Annual return

5.31%

15.34%-10.0pp

32.56%-27.2pp

169.23%-163.9pp

Employer contribution / active EE

$642

$1,433-55.2%

$4,002-84.0%

$1,963-67.3%

Participant deferral / active EE

$988

$2,994-67.0%

$4,797-79.4%

$3,054-67.7%

Admin fee / account holder

$199

$500-60.3%

$8,520-97.7%

$504-60.6%

Provider

Service type

Compensation

RT JONES CAPITAL EQUITIES MGMT INC1+ years

Filed as: JONES CPA GROUP

Service code 10

749 BOUSH STREET · NORFOLK, VA 23510

Accounting

$9,085

BKD, LLP2+ years

Filed as: DIXON HUGHES GOODMAN, LLP

Service code 13 · EIN 56-0747981

Contract Administrator

$5,800

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$1,100

BKD, LLP1+ years

Filed as: DIXON HUGHES GOODMAN LLP

Service code 13

Contract Administrator

$758

NICHOLSON COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NICHOLSON COMPANIES 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