Retirement plan

DRAFTPROS 401(K) PLAN

Name: DRAFTPROS, LLC DBA DRAFTPROS, INC. - DRAFTPROS 401(K) PLAN (2019) Form 5500
Creator: DRAFTPROS, LLC DBA DRAFTPROS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DRAFTPROS 401(K) PLAN, DRAFTPROS, LLC DBA DRAFTPROS, INC.

DRAFTPROS, LLC DBA DRAFTPROS, INC.EIN 61-1795374Plan #001PY 2019

14160 PALMETTO FRONTAGE RD, STE 31 - MIAMI LAKES, FL 33016786-641-5131draftpros.comLinkedIn201-500 employeestelecommunications

Prospect flagsLow participationLow assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$739K

+451.5% from 2018

Total participants

186

+64.6% from 2018

Average account balance

$5,062

+47.3% from 2018

Annual return

48.56%

+48.56 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.06M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

145

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.

24.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$647K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$626

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$42K

$366 / participant

Other / not subdivided$42K100.0%

% of EOY assets

5.747%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,062

$63,114-92.0%

$92,903-94.6%

$65,185-92.2%

Participation rate

65.5%

68.8%-3.3pp

76.0%-10.5pp

70.2%-4.7pp

Annual return

48.56%

28.75%+19.8pp

109.43%-60.9pp

29.38%+19.2pp

Employer contribution / active EE

$1,987

$2,571-22.7%

$3,653-45.6%

$2,177-8.7%

Participant deferral / active EE

$3,034

$3,108-2.4%

$4,238-28.4%

$3,514-13.7%

Admin fee / account holder

$291

$624-53.3%

$5,795-95.0%

$847-65.7%

DRAFTPROS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRAFTPROS 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