Retirement plan

SWIM ATLANTA 401-K PLAN

Name: SWIM ATLANTA POOL MANAGEMENT, INC. - SWIM ATLANTA 401-K PLAN (2017) Form 5500
Creator: SWIM ATLANTA POOL MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWIM ATLANTA 401-K PLAN, SWIM ATLANTA POOL MANAGEMENT, INC.

SWIM ATLANTA POOL MANAGEMENT, INC.EIN 58-1532343Plan #001PY 2017

1210 WARSAW ROAD SUITE 900 - ROSWELL, GA 30076770-993-4665

Prospect flagsHigh feesLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$7M

+16.9% from 2016

Total participants

134

+8.1% from 2016

Average account balance

$68,950

+5.3% from 2016

Annual return

15.75%

+6.71 pp from 2016

Benchmarks

See 945 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort945 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.13M

Not enough data

1 years with asset history on file

Average account balance

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

$161K

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.

68.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$554K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3652

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
GOLDMAN SACHS2 years Filed as: BERKELEY CAPITAL PARTNERS LLC Service code 27 3500 PARKWAY LANE STE 430 · NORCROSS, GA 30092	Advisory (Plan)	$23,755
PRITCHARD & JERDEN, INC1 year Filed as: PRITCHARD & JERDEN INC Service code 22 950 EAST PACES FERRY ROAD NE · ATLANTA, GA 30326	Insurance Broker	$23,495
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$10,252
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$577

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
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

3 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.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$35K

$329 / participant

Contract admin$35K100.0%

% of EOY assets

0.497%

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: AGL ASCENT GROUP, LLC
Auditor EIN: 471077462
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,950

$36,767+87.5%

$81,473-15.4%

$62,293+10.7%

Participation rate

68.6%

54.4%+14.1pp

68.0%+0.6pp

69.5%-0.9pp

Annual return

15.75%

173.80%-158.1pp

38.78%-23.0pp

28.90%-13.1pp

Employer contribution / active EE

$636

$1,128-43.7%

$2,568-75.2%

$2,042-68.9%

Participant deferral / active EE

$3,255

$2,111+54.2%

$3,537-8.0%

$3,169+2.7%

Admin fee / account holder

$342

$797-57.0%

$4,561-92.5%

$479-28.6%

Provider

Service type

Compensation

GOLDMAN SACHS2 years

Filed as: BERKELEY CAPITAL PARTNERS LLC

Service code 27

3500 PARKWAY LANE STE 430 · NORCROSS, GA 30092

Advisory (Plan)

$23,755

PRITCHARD & JERDEN, INC1 year

Filed as: PRITCHARD & JERDEN INC

Service code 22

950 EAST PACES FERRY ROAD NE · ATLANTA, GA 30326

Insurance Broker

$23,495

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$10,252

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$577

SWIM ATLANTA 401-K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWIM ATLANTA 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