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 (2018) 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 2018

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

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101 West St. John Street, Suite 305

Spartanburg State: SC Zip Code: 29306

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Plans declared (1)

J M Smith Corporation Performance Bonus Plan6 emp

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Total assets (EOY)

$203.7M

+17.1% from 2017

Total participants

1,688

+8.1% from 2017

Average account balance

$135,729

+10.4% from 2017

Annual return

16.43%

-2.35 pp from 2017

Benchmarks

See 277 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort277 peers

Snapshot2018

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$200,900
SWAIMBROWN3+ 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

$4K

$3 / participant

Investment mgmt$4K100.0%

% of EOY assets

0.002%

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

$135,729

$64,311+111.1%

$110,243+23.1%

$75,289+80.3%

Participation rate

85.8%

79.3%+6.5pp

79.8%+6.0pp

72.4%+13.4pp

Annual return

16.43%

-1.74%+18.2pp

314.76%-298.3pp

-0.04%+16.5pp

Employer contribution / active EE

$5,780

$2,404+140.5%

$3,827+51.0%

$2,405+140.3%

Participant deferral / active EE

$4,515

$3,892+16.0%

$4,672-3.4%

$3,739+20.8%

Admin fee / account holder

$88-97.0%

$8,548-100.0%

$102-97.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$200,900

SWAIMBROWN3+ 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