Retirement plan

ANDERSON COMPANIES PROFIT SHARING 401(K) PLAN

Name: ANDERSON MANAGEMENT SERVICES, INC. - ANDERSON COMPANIES PROFIT SHARING 401(K) PLAN (2016) Form 5500
Creator: ANDERSON MANAGEMENT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANDERSON COMPANIES PROFIT SHARING 401(K) PLAN, ANDERSON MANAGEMENT SERVICES, INC.

ANDERSON MANAGEMENT SERVICES, INC.EIN 62-1849640Plan #001PY 2016

265 BROOKVIEW CENTRE WAY, SUITE 501 - KNOXVILLE, TN 379194049865-474-8500

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.2M

-15.8% from 2015

Total participants

100

-18.7% from 2015

Average account balance

$103,106

+5.3% from 2015

Annual return

-3.25%

-2.35 pp from 2015

Benchmarks

See 9,335 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,335 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.53M

Not enough data

1 years with asset history on file

Average account balance

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

$353K

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.

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.

180.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$384K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+13.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$47304

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.2+ years Service code 21 · EIN 58-0466330 303 PEACHTREE STREET 15TH FLOOR · ATLANTA, GA 30308	Bank Trustee	$7,600
ANDERSON MANAGEMENT SERVICES, INC1 year Service code 99 · EIN 62-1849640 265 BROOKVIEW CENTRE WAY · KNOXVILLE, TN 37919	Other Fees	$6,911

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 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).

Expense breakdown

Schedule H Part II

Admin total

$15K

$186 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.176%

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: PUGH & COMPANY, PC
Auditor EIN: 621142155
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,106

$69,977+47.3%

$108,582-5.0%

$62,881+64.0%

Participation rate

74.4%

72.9%+1.5pp

79.6%-5.2pp

69.3%+5.1pp

Annual return

-3.25%

10.73%-14.0pp

-51.70%+48.4pp

20.14%-23.4pp

Employer contribution / active EE

$1,072

$2,135-49.8%

$3,758-71.5%

$2,281-53.0%

Participant deferral / active EE

$2,633

$3,165-16.8%

$4,311-38.9%

$3,203-17.8%

Admin fee / account holder

$181

$5,076-96.4%

$7,645-97.6%

$4,296-95.8%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.2+ years

Service code 21 · EIN 58-0466330

303 PEACHTREE STREET 15TH FLOOR · ATLANTA, GA 30308

Bank Trustee

$7,600

ANDERSON MANAGEMENT SERVICES, INC1 year

Service code 99 · EIN 62-1849640

265 BROOKVIEW CENTRE WAY · KNOXVILLE, TN 37919

Other Fees

$6,911

ANDERSON COMPANIES PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANDERSON COMPANIES PROFIT SHARING 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