Retirement plan

DESE RESEARCH, INC PROFIT SHARING PLAN

Name: DESE RESEARCH, INC - DESE RESEARCH, INC PROFIT SHARING PLAN (2015) Form 5500
Creator: DESE RESEARCH, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DESE RESEARCH, INC PROFIT SHARING PLAN, DESE RESEARCH, INC

DESE RESEARCH, INCEIN 63-0834024Plan #001PY 2015

315 WYNN DR, SUITE 2 - HUNTSVILLE, AL 35805256-837-8004dese.comLinkedIn51-200 employeesdefense & space

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$34.1M

No prior year

Total participants

165

No prior year

Average account balance

$217,190

No prior year

Annual return

0.83%

No prior year

Benchmarks

See 4,662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort4,662 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$70.72M

Not enough data

1 years with asset history on file

Average account balance

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

$278K

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.

254

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.

90.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$67K

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

+17.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$327

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 4 by compensation

Provider	Service type	Compensation
REGIONS BANK1+ years Service code 15 · EIN 63-0371391	Recordkeeping	$57,935
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$13,639
BEASON & NALLEY, INC1+ years Service code 10 101 MONROE ST · HUNTSVILLE, AL 358014829	Accounting	$6,000
TD AMERITRADE, INC.1+ years Filed as: TD AMERITRADE Service code 33 · EIN 82-0543156	Direct payment from the plan; Securit...	$1,154

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$79K

$772 / participant

Investment mgmt$1K1.5%
Contract admin$14K17.3%
Other / not subdivided$64K81.2%

% of EOY assets

0.231%

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: BEASON AND NALLY
Auditor EIN: 631159865
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$217,190

$70,002+210.3%

$115,037+88.8%

$52,331+315.0%

Participation rate

92.2%

72.1%+20.1pp

81.4%+10.8pp

68.1%+24.1pp

Annual return

0.83%

4.04%-3.2pp

26.14%-25.3pp

4.54%-3.7pp

Employer contribution / active EE

$15,912

$2,715+486.1%

$4,608+245.3%

$1,882+745.6%

Participant deferral / active EE

$5,879

$4,920+19.5%

$6,026-2.4%

$3,022+94.5%

Admin fee / account holder

$501

$566-11.4%

$8,175-93.9%

$592-15.2%

Provider

Service type

Compensation

REGIONS BANK1+ years

Service code 15 · EIN 63-0371391

Recordkeeping

$57,935

ASCENSUS LLC1+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$13,639

BEASON & NALLEY, INC1+ years

Service code 10

101 MONROE ST · HUNTSVILLE, AL 358014829

Accounting

$6,000

TD AMERITRADE, INC.1+ years

Filed as: TD AMERITRADE

Service code 33 · EIN 82-0543156

Direct payment from the plan; Securit...

$1,154

DESE RESEARCH, INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DESE RESEARCH, INC PROFIT SHARING 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