Retirement plan

PIC GROUP, INC. 401(K) WEALTH ACCUMULATION PLAN

Name: PIC GROUP, INC. - PIC GROUP, INC. 401(K) WEALTH ACCUMULATION PLAN (2015) Form 5500
Creator: PIC GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIC GROUP, INC. 401(K) WEALTH ACCUMULATION PLAN, PIC GROUP, INC.

PIC GROUP, INC.EIN 62-1409871Plan #002PY 2015

1000 PARKWOOD CIRCLE SUITE 1000 - ATLANTA, GA 30339678-627-4141

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$14M

No prior year

Total participants

530

No prior year

Average account balance

$53,799

No prior year

Annual return

-2.03%

No prior year

Benchmarks

See 2,331 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,331 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.16M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

400

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.

73.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$288

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
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Service code 52 · EIN 13-5674085	Indirect Investment Fees	$73,020
MOORE COLSON1+ years Service code 10 1640 POWERS FERRY ROAD · MARIETTA, GA 30067	Accounting	$13,330
RETIREMENT STRATEGIES, INC.1+ years Service code 15 · EIN 58-2380163	Recordkeeping	$6,375
ADP BROKER-DEALER1+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$6,010
ADP BROKER-DEALER1+ years Service code 49 · EIN 22-3319984	Other Services	$0
MESIROW FINANCIAL INVESTMENT MANAGE1+ years Service code 37 · EIN 36-3429599	Loan Processing	$0

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$31K

$69 / participant

Other / not subdivided$31K100.0%

% of EOY assets

0.225%

all-in expense ratio

Categories reported

0 / 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: MOORE COLSON
Auditor EIN: 581653941
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,799

$88,324-39.1%

$115,038-53.2%

$55,191-2.5%

Participation rate

40.8%

72.5%-31.7pp

81.4%-40.6pp

69.2%-28.4pp

Annual return

-2.03%

6.30%-8.3pp

26.14%-28.2pp

10.78%-12.8pp

Employer contribution / active EE

$1,745

$2,805-37.8%

$4,608-62.1%

$1,899-8.1%

Participant deferral / active EE

$3,814

$5,042-24.4%

$6,026-36.7%

$3,046+25.2%

Admin fee / account holder

$121

$105+14.9%

$8,175-98.5%

$91+33.4%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Service code 52 · EIN 13-5674085

Indirect Investment Fees

$73,020

MOORE COLSON1+ years

Service code 10

1640 POWERS FERRY ROAD · MARIETTA, GA 30067

Accounting

$13,330

RETIREMENT STRATEGIES, INC.1+ years

Service code 15 · EIN 58-2380163

Recordkeeping

$6,375

ADP BROKER-DEALER1+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$6,010

ADP BROKER-DEALER1+ years

Service code 49 · EIN 22-3319984

Other Services

MESIROW FINANCIAL INVESTMENT MANAGE1+ years

Service code 37 · EIN 36-3429599

Loan Processing

PIC GROUP, INC. 401(K) WEALTH ACCUMULATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIC GROUP, INC. 401(K) WEALTH ACCUMULATION 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