Retirement plan

SMART SOURCE 401(K) & PROFIT SHARING PLAN

Name: SMART SOURCE, LLC - SMART SOURCE 401(K) & PROFIT SHARING PLAN (2016) Form 5500
Creator: SMART SOURCE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMART SOURCE 401(K) & PROFIT SHARING PLAN, SMART SOURCE, LLC

SMART SOURCE, LLCEIN 54-2104343Plan #001PY 2016

1250 BROADWAY 12TH FLOOR - NEW YORK, NY 100013406212-764-7200smartsourcehomes.comLinkedIn1-10 employeesreal estate

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$6M

+84.1% from 2015

Total participants

179

+38.8% from 2015

Average account balance

$78,429

+9.0% from 2015

Annual return

70.46%

+52.63 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

$10.85M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

224

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.

84.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$251

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 3 by compensation

Provider	Service type	Compensation
MATRIX TRUST COMPANY1 year Filed as: MG TRUST COMPANY DBA MATRIX TRUST C Service code 15 · EIN 75-3182674	Recordkeeping	$4,088
LPL FINANCIAL1 year Service code 26 6530 S. KANNER HWY · STUART, FL 349976396	Advisory (Participants)	$3,931
MATRIX TRUST COMPANY1 year Service code 62	Float revenue; Soft dollars commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$8K

$46 / participant

Investment mgmt$4K53.7%
Other / not subdivided$4K46.3%

% of EOY assets

0.135%

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: KUSHNER, SMITH, JOANOU &GREGSON LLP
Auditor EIN: 953322166
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,429

$75,183+4.3%

$123,894-36.7%

$55,167+42.2%

Participation rate

40.5%

72.8%-32.4pp

81.4%-40.9pp

69.0%-28.5pp

Annual return

70.46%

19.01%+51.5pp

47.52%+22.9pp

169.23%-98.8pp

Employer contribution / active EE

$2,823-100.0%

$4,617-100.0%

$1,963-100.0%

Participant deferral / active EE

$3,815

$5,084-25.0%

$5,984-36.3%

$3,054+24.9%

Admin fee / account holder

$106

$663-84.1%

$8,357-98.7%

$504-79.1%

Provider

Service type

Compensation

MATRIX TRUST COMPANY1 year

Filed as: MG TRUST COMPANY DBA MATRIX TRUST C

Service code 15 · EIN 75-3182674

Recordkeeping

$4,088

LPL FINANCIAL1 year

Service code 26

6530 S. KANNER HWY · STUART, FL 349976396

Advisory (Participants)

$3,931

MATRIX TRUST COMPANY1 year

Service code 62

Float revenue; Soft dollars commissions

SMART SOURCE 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMART SOURCE 401(K) & PROFIT SHARING 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