Retirement plan

CORPOREX FAMILY OF COMPANIES 401(K) PLAN

Name: CORPOREX REALTY & INVESTMENT LLC - CORPOREX FAMILY OF COMPANIES 401(K) PLAN (2017) Form 5500
Creator: CORPOREX REALTY & INVESTMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORPOREX FAMILY OF COMPANIES 401(K) PLAN, CORPOREX REALTY & INVESTMENT LLC

CORPOREX REALTY & INVESTMENT LLCEIN 61-0670372Plan #001PY 2017

100 EAST RIVERCENTER BOULEVARD, SUITE 1100 - COVINGTON, KY 41011859-292-5500

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed October 18, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$20.6M

+12.4% from 2016

Total participants

727

-47.3% from 2016

Average account balance

$33,468

+33.0% from 2016

Annual return

15.08%

+6.22 pp from 2016

Benchmarks

See 565 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort565 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$30.83M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

594

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.

37.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$335

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 4 by compensation

Provider	Service type	Compensation
MCF ADVISORS LLC3+ years Service code 26 · EIN 20-0566061	Advisory (Participants)	$110,485
NYHART2 years Service code 15 · EIN 35-0966414	Recordkeeping	$57,385
CROWE LLP3+ years Filed as: CROWE HORWATH LLP Service code 10 · EIN 35-0921680	Accounting	$13,000
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$7,648

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$189K

$449 / participant

Investment mgmt$110K58.6%
Other / not subdivided$78K41.4%

% of EOY assets

0.916%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,468

$46,966-28.7%

$185,117-81.9%

$69,631-51.9%

Participation rate

73.3%

65.3%+8.1pp

77.3%-3.9pp

70.7%+2.6pp

Annual return

15.08%

22.36%-7.3pp

40.50%-25.4pp

27571.02%-27555.9pp

Employer contribution / active EE

$1,010

$1,360-25.8%

$4,182-75.9%

$2,032-50.3%

Participant deferral / active EE

$2,818

$3,017-6.6%

$5,045-44.1%

$3,224-12.6%

Admin fee / account holder

$307

$94+226.7%

$8,159-96.2%

$110+177.6%

Provider

Service type

Compensation

MCF ADVISORS LLC3+ years

Service code 26 · EIN 20-0566061

Advisory (Participants)

$110,485

NYHART2 years

Service code 15 · EIN 35-0966414

Recordkeeping

$57,385

CROWE LLP3+ years

Filed as: CROWE HORWATH LLP

Service code 10 · EIN 35-0921680

Accounting

$13,000

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$7,648

CORPOREX FAMILY OF COMPANIES 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORPOREX FAMILY OF COMPANIES 401(K) PLAN

Top hat statement on fileNQDC

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