Retirement plan

DESE RESEARCH, INC PROFIT SHARING PLAN

Name: DESE RESEARCH, INC. - DESE RESEARCH, INC PROFIT SHARING PLAN (2016) 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, INC.EIN 63-0834024Plan #001PY 2016

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)

$37.2M

+9.2% from 2015

Total participants

165

0.0% from 2015

Average account balance

$226,958

+4.5% from 2015

Annual return

8.51%

+7.68 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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 BANK2+ years Service code 15 · EIN 63-0371391	Recordkeeping	$61,130
ASCENSUS LLC2+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$13,318
BEASON & NALLEY, INC2+ years Service code 10 101 MONROE ST · HUNTSVILLE, AL 358014829	Accounting	$6,000
TD AMERITRADE, INC.2+ years Filed as: TD AMERITRADE Service code 33 · EIN 82-0543156	Direct payment from the plan; Securit...	$1,444

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$82K

$744 / participant

Investment mgmt$1K1.8%
Contract admin$13K16.3%
Other / not subdivided$67K82.0%

% of EOY assets

0.220%

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: WARREN AVERETT, LLC
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$226,958

$75,183+201.9%

$123,894+83.2%

$55,167+311.4%

Participation rate

99.1%

72.8%+26.3pp

81.4%+17.7pp

69.0%+30.1pp

Annual return

8.51%

19.01%-10.5pp

47.52%-39.0pp

169.23%-160.7pp

Employer contribution / active EE

$11,354

$2,823+302.1%

$4,617+145.9%

$1,963+478.5%

Participant deferral / active EE

$6,922

$5,084+36.1%

$5,984+15.7%

$3,054+126.6%

Admin fee / account holder

$499

$663-24.6%

$8,357-94.0%

$504-0.9%

Provider

Service type

Compensation

REGIONS BANK2+ years

Service code 15 · EIN 63-0371391

Recordkeeping

$61,130

ASCENSUS LLC2+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$13,318

BEASON & NALLEY, INC2+ years

Service code 10

101 MONROE ST · HUNTSVILLE, AL 358014829

Accounting

$6,000

TD AMERITRADE, INC.2+ years

Filed as: TD AMERITRADE

Service code 33 · EIN 82-0543156

Direct payment from the plan; Securit...

$1,444

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