Retirement plan

SOUTHSIDE FIRE/EMS RETIREMENT PLAN

Name: SOUTHSIDE FIRE DEPARTMENT - SOUTHSIDE FIRE/EMS RETIREMENT PLAN (2016) Form 5500
Creator: SOUTHSIDE FIRE DEPARTMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHSIDE FIRE/EMS RETIREMENT PLAN, SOUTHSIDE FIRE DEPARTMENT

SOUTHSIDE FIRE DEPARTMENTEIN 58-0870522Plan #001PY 2016

1399 DEAN FOREST ROAD - SAVANNAH, GA 314059307912-354-1011LinkedIn201-500 employeescivic & social organization

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$7.8M

No prior year

Total participants

241

No prior year

Average account balance

$37,190

No prior year

Annual return

4.23%

No prior year

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.20M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

381

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.

91.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.00M

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

+9.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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 8 by compensation

Provider	Service type	Compensation
QUALIFIED PLANS, LLC1+ years Service code 13 · EIN 58-2605083	Contract Administrator	$24,118
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MML INVESTORS SERVICES INC Service code 53	Insurance Commissions	$17,140
KRT, CPA'S P.C.1+ years Filed as: KRT, CPAS P.C. Service code 10 · EIN 58-1202894	Accounting	$8,950
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$4,640
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN H HASLAM III Service code 53 100 RIVERVIEW DR · SAVANNAH, GA 31404	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MML INVESTORS SERVICES, INC Service code 53 · EIN 04-2746212	Insurance Commissions	$0
REGINALD RIGGINS1+ years Service code 53 100 RIVERVIEW DR · SAVANNAH, GA 31404	Insurance Commissions	$0

Plan features & details

Pension benefit codes2A2E2F2J2K2T3D

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).
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$31K

$177 / participant

Contract admin$22K71.0%
Other / not subdivided$9K29.0%

% of EOY assets

0.394%

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: KRT, CPAS P.C.
Auditor EIN: 581202894
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,190

$46,732-20.4%

$156,551-76.2%

$55,167-32.6%

Participation rate

82.9%

65.8%+17.1pp

84.0%-1.2pp

69.0%+13.9pp

Annual return

4.23%

17.72%-13.5pp

32.23%-28.0pp

169.23%-165.0pp

Employer contribution / active EE

$524

$2,105-75.1%

$5,501-90.5%

$1,963-73.3%

Participant deferral / active EE

$1,651

$2,204-25.1%

$4,871-66.1%

$3,054-45.9%

Admin fee / account holder

$146

$418-65.0%

$13,028-98.9%

$504-70.9%

Provider

Service type

Compensation

QUALIFIED PLANS, LLC1+ years

Service code 13 · EIN 58-2605083

Contract Administrator

$24,118

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MML INVESTORS SERVICES INC

Service code 53

Insurance Commissions

$17,140

KRT, CPA'S P.C.1+ years

Filed as: KRT, CPAS P.C.

Service code 10 · EIN 58-1202894

Accounting

$8,950

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$4,640

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN H HASLAM III

Service code 53

100 RIVERVIEW DR · SAVANNAH, GA 31404

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MML INVESTORS SERVICES, INC

Service code 53 · EIN 04-2746212

Insurance Commissions

REGINALD RIGGINS1+ years

Service code 53

100 RIVERVIEW DR · SAVANNAH, GA 31404

Insurance Commissions

SOUTHSIDE FIRE/EMS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHSIDE FIRE/EMS RETIREMENT 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