Retirement plan

J M SMITH CORPORATION PROFIT SHARING AND 401(K) PL

Name: J M SMITH CORPORATION - J M SMITH CORPORATION PROFIT SHARING AND 401(K) PL (2017) Form 5500
Creator: J M SMITH CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J M SMITH CORPORATION PROFIT SHARING AND 401(K) PL, J M SMITH CORPORATION

J M SMITH CORPORATIONEIN 57-0276334Plan #001PY 2017

101 WEST SAINT JOHN STREET, SPARTAN CENTRE SUITE 305 - SPARTANBURG, SC 29306864-542-9419jmsmith.comLinkedIn201-500 employeeshospital & health care

Prospect flagsFailed to provide benefit

Top hat statement on fileNQDC

Filed November 23, 2015 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

101 West St. John Street, Suite 305

Spartanburg State: SC Zip Code: 29306

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

J M Smith Corporation Performance Bonus Plan6 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$174M

+21.0% from 2016

Total participants

1,561

+8.5% from 2016

Average account balance

$122,956

+7.3% from 2016

Annual return

18.79%

+25.24 pp from 2016

Benchmarks

See 255 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort255 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$101.90M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

733

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.

66.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-105

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$225,737
SWAIMBROWN2+ years Service code 10 · EIN 57-0783795	Accounting	$13,500

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$77K

$62 / participant

Investment mgmt$77K100.0%

% of EOY assets

0.044%

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: SWAIMBROWN PA
Auditor EIN: 570783795
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,956

$67,228+82.9%

$117,861+4.3%

$77,958+57.7%

Participation rate

88.3%

79.4%+8.9pp

79.7%+8.6pp

71.6%+16.6pp

Annual return

18.79%

19.13%-0.3pp

335.11%-316.3pp

20.87%-2.1pp

Employer contribution / active EE

$6,058

$2,211+174.0%

$3,786+60.0%

$2,310+162.2%

Participant deferral / active EE

$4,276

$3,653+17.1%

$4,482-4.6%

$3,537+20.9%

Admin fee / account holder

$54

$76-28.2%

$8,021-99.3%

$97-44.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$225,737

SWAIMBROWN2+ years

Service code 10 · EIN 57-0783795

Accounting

$13,500

J M SMITH CORPORATION PROFIT SHARING AND 401(K) PL

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J M SMITH CORPORATION PROFIT SHARING AND 401(K) PL

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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