Retirement plan

ELECTROSTIM MEDICAL SERVICES, INC. SAFE HARBOR 401(K) PLAN

Name: ELECTROSTIM MEDICAL SERVICES, INC. - ELECTROSTIM MEDICAL SERVICES, INC. SAFE HARBOR 401(K) PLAN (2017) Form 5500
Creator: ELECTROSTIM MEDICAL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELECTROSTIM MEDICAL SERVICES, INC. SAFE HARBOR 401(K) PLAN, ELECTROSTIM MEDICAL SERVICES, INC.

ELECTROSTIM MEDICAL SERVICES, INC.EIN 59-3323767Plan #001PY 2017

3504 CRAGMONT DRIVE, SUITE 100 - TAMPA, FL 33619813-931-2369

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$12.6M

+34.2% from 2016

Total participants

454

+6.3% from 2016

Average account balance

$49,500

+16.3% from 2016

Annual return

20.66%

+13.68 pp from 2016

Benchmarks

See 1,232 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,232 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.94M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

255

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.

76.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.55M

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

+13.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$400

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$69,375
BSP CONSULTING1 year Filed as: BSP CONSULTING PLLC Service code 49 · EIN 26-1145434 3937 TAMPA RD, SUITE 4 · OLDSMAR, FL 33467	Other Services	$0
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 17852 N US HWY 41 · LUTZ, FL 335494502	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED3+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$69K

$170 / participant

Contract admin$69K100.0%

% of EOY assets

0.552%

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: BELLA HERMIDA VALIENTE PA
Auditor EIN: 593258909
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,500

$71,666-30.9%

$117,861-58.0%

$69,631-28.9%

Participation rate

51.1%

77.5%-26.4pp

79.7%-28.6pp

70.7%-19.6pp

Annual return

20.66%

18.86%+1.8pp

335.11%-314.4pp

27571.02%-27550.4pp

Employer contribution / active EE

$1,281

$1,889-32.2%

$3,786-66.2%

$2,032-36.9%

Participant deferral / active EE

$2,381

$3,340-28.7%

$4,482-46.9%

$3,224-26.1%

Admin fee / account holder

$273

$120+127.0%

$8,021-96.6%

$110+147.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$69,375

BSP CONSULTING1 year

Filed as: BSP CONSULTING PLLC

Service code 49 · EIN 26-1145434

3937 TAMPA RD, SUITE 4 · OLDSMAR, FL 33467

Other Services

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL SECURITIES INC

Service code 49 · EIN 42-0941553

17852 N US HWY 41 · LUTZ, FL 335494502

Other Services

WILSHIRE ASSOCIATES INCORPORATED3+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

ELECTROSTIM MEDICAL SERVICES, INC. SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELECTROSTIM MEDICAL SERVICES, INC. SAFE HARBOR 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