Retirement plan

FRIT, INC. & AFFILIATED COMPANIES EMPLOYEE SAVINGS PLAN

Name: FRIT, INC. & AFFILIATED COMPANIES - FRIT, INC. & AFFILIATED COMPANIES EMPLOYEE SAVINGS PLAN (2016) Form 5500
Creator: FRIT, INC. & AFFILIATED COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRIT, INC. & AFFILIATED COMPANIES EMPLOYEE SAVINGS PLAN, FRIT, INC. & AFFILIATED COMPANIES

FRIT, INC. & AFFILIATED COMPANIESEIN 63-1005450Plan #001PY 2016

1792 JODIE PARKER RD - OZARK, AL 363608584334-774-2515

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$7.2M

+6.0% from 2015

Total participants

189

-5.5% from 2015

Average account balance

$51,314

+2.2% from 2015

Annual return

5.24%

+6.64 pp from 2015

Benchmarks

See 1,948 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,948 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.10M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

134

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$828K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$338

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
CAPSOUTH PARTNERS2+ years Service code 27 · EIN 01-0647966 2216 WEST MAIN STREET · DOTHAN, AL 36301	Advisory (Plan)	$24,218
ASPIRE FINANCIAL SERVICES2+ years Service code 15 · EIN 27-1033755 4010 BOYSCOUT BLVD · TAMPA, FL 33607	Recordkeeping	$4,501

Plan features & details

Pension benefit codes2E2T2G2J2K3D3H

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$29K

$161 / participant

Investment mgmt$24K84.3%
Other / not subdivided$5K15.7%

% of EOY assets

0.397%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCDANIEL & ASSOCIATES, P.C.
Auditor EIN: 630921974
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,314

$56,640-9.4%

$78,002-34.2%

$55,167-7.0%

Participation rate

73.0%

73.3%-0.3pp

75.5%-2.5pp

69.0%+4.0pp

Annual return

5.24%

2868.48%-2863.2pp

425.99%-420.8pp

169.23%-164.0pp

Employer contribution / active EE

$646

$1,724-62.5%

$2,470-73.8%

$1,963-67.1%

Participant deferral / active EE

$1,543

$2,778-44.5%

$3,497-55.9%

$3,054-49.5%

Admin fee / account holder

$204

$467-56.3%

$5,481-96.3%

$504-59.6%

Provider

Service type

Compensation

CAPSOUTH PARTNERS2+ years

Service code 27 · EIN 01-0647966

2216 WEST MAIN STREET · DOTHAN, AL 36301

Advisory (Plan)

$24,218

ASPIRE FINANCIAL SERVICES2+ years

Service code 15 · EIN 27-1033755

4010 BOYSCOUT BLVD · TAMPA, FL 33607

Recordkeeping

$4,501

FRIT, INC. & AFFILIATED COMPANIES EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRIT, INC. & AFFILIATED COMPANIES EMPLOYEE SAVINGS 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