Retirement plan

PEAKSWARE HOLDINGS LLC 401(K) PLAN

Name: PEAKSWARE HOLDINGS LLC - PEAKSWARE HOLDINGS LLC 401(K) PLAN (2017) Form 5500
Creator: PEAKSWARE HOLDINGS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEAKSWARE HOLDINGS LLC 401(K) PLAN, PEAKSWARE HOLDINGS LLC

PEAKSWARE HOLDINGS LLCEIN 61-1750687Plan #001PY 2017

7007 WINCHESTER CIRCLE, SUITE 200 - BOULDER, CO 80301303-905-6934peaksware.comLinkedIn201-500 employeescomputer software

Prospect flagsHigh feesLow participationLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.9M

+234.4% from 2016

Total participants

349

+101.7% from 2016

Average account balance

$50,068

+51.6% from 2016

Annual return

242.67%

+229.07 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.48M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

368

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$520

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$37,045
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS Service code 27 401 S TRYON ST 11TH FLO D1050-111 · CHARLOTTE, NC 28081	Advisory (Plan)	$34,800
GOLDLEAF PARTNERS1 year Filed as: GOLDLEAF PARTNERS SERVICES, INC Service code 13	Contract Administrator	$12,000
BROCK AND COMPANY1 year Filed as: BROCK AND COMPANY CPAS PC Service code 10 1930 17TH STREET 200 · BOULDER, CO 80302	Accounting	$11,017
GOLDLEAF PARTNERS2 years Service code 13 8009 34TH AVE S · BLOOMINGTON, MN 55425	Contract Administrator	$8,931
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,948

Plan features & details

Pension benefit codes2A2E2J2K2F2G2R3D2T

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$84K

$324 / participant

Investment mgmt$37K43.8%
Contract admin$9K10.6%
Other / not subdivided$38K45.5%

% of EOY assets

0.649%

all-in expense ratio

Categories reported

2 / 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: BROCK AND COMPANY, CPAS, P.C.
Auditor EIN: 840930288
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,068

$155,795-67.9%

$136,297-63.3%

$69,631-28.1%

Participation rate

64.9%

75.2%-10.4pp

81.9%-17.1pp

70.7%-5.8pp

Annual return

242.67%

232464.33%-232221.7pp

5156.19%-4913.5pp

27571.02%-27328.4pp

Employer contribution / active EE

$2,991-100.0%

$4,696-100.0%

$2,032-100.0%

Participant deferral / active EE

$4,720

$5,394-12.5%

$6,247-24.4%

$3,224+46.4%

Admin fee / account holder

$325

$128+153.5%

$9,244-96.5%

$110+194.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$37,045

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO ADVISORS

Service code 27

401 S TRYON ST 11TH FLO D1050-111 · CHARLOTTE, NC 28081

Advisory (Plan)

$34,800

GOLDLEAF PARTNERS1 year

Filed as: GOLDLEAF PARTNERS SERVICES, INC

Service code 13

Contract Administrator

$12,000

BROCK AND COMPANY1 year

Filed as: BROCK AND COMPANY CPAS PC

Service code 10

1930 17TH STREET 200 · BOULDER, CO 80302

Accounting

$11,017

GOLDLEAF PARTNERS2 years

Service code 13

8009 34TH AVE S · BLOOMINGTON, MN 55425

Contract Administrator

$8,931

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,948

PEAKSWARE HOLDINGS LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEAKSWARE HOLDINGS LLC 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