Retirement plan

ORI 401(K) PLAN

Name: OFFICE REMEDIES, INC. - ORI 401(K) PLAN (2020) Form 5500
Creator: OFFICE REMEDIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORI 401(K) PLAN, OFFICE REMEDIES, INC.

OFFICE REMEDIES, INC.EIN 54-1534208Plan #002PY 2020

171 ELDEN STREET, SUITE 160 - HERNDON, VA 20170571-389-7762

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributionsWind-down / frozen

How to read this page

Total assets (EOY)

$4.5M

-21.6% from 2019

Total participants

177

-62.3% from 2019

Average account balance

$28,158

+97.7% from 2019

Annual return

7.92%

-12.39 pp from 2019

Benchmarks

See 16,249 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,249 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.65M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

700.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$79K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4999

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Filed as: GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$38,046
LINSCO/PRIVATE LEDGER CORP4 years Service code 55 9785 TOWNE CENTRE DRIVE · SAN DIEGO, CA 92121	Other Commissions	$12,246
UNIGLOBAL PENSION PLANNING, INC.5+ years Service code 13 4114 LEGATO ROAD, SUITE 300 · FAIRFAX, VA 22033	Contract Administrator	$6,995
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,663

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$50K

$1668 / participant

Contract admin$50K100.0%

% of EOY assets

1.118%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RYAN & WETMORE, P.C.
Auditor EIN: 521753100
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,158

$72,273-61.0%

$101,275-72.2%

$79,856-64.7%

Participation rate

40.0%

68.5%-28.5pp

75.8%-35.8pp

69.6%-29.6pp

Annual return

7.92%

22.30%-14.4pp

46.48%-38.6pp

31.71%-23.8pp

Employer contribution / active EE

$28,585

$2,691+962.1%

$3,660+681.0%

$2,471+1056.7%

Participant deferral / active EE

$13,107

$3,282+299.4%

$4,371+199.9%

$3,741+250.4%

Admin fee / account holder

$315

$4,401-92.8%

$5,948-94.7%

$5,306-94.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Filed as: GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$38,046

LINSCO/PRIVATE LEDGER CORP4 years

Service code 55

9785 TOWNE CENTRE DRIVE · SAN DIEGO, CA 92121

Other Commissions

$12,246

UNIGLOBAL PENSION PLANNING, INC.5+ years

Service code 13

4114 LEGATO ROAD, SUITE 300 · FAIRFAX, VA 22033

Contract Administrator

$6,995

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,663

ORI 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORI 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