Retirement plan

VERNIS & BOWLING OF MIAMI, P. A. 401(K) PROFIT SHARING PLAN

Name: VERNIS & BOWLING OF MIAMI, P.A. - VERNIS & BOWLING OF MIAMI, P. A. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: VERNIS & BOWLING OF MIAMI, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERNIS & BOWLING OF MIAMI, P. A. 401(K) PROFIT SHARING PLAN, VERNIS & BOWLING OF MIAMI, P.A.

VERNIS & BOWLING OF MIAMI, P.A.EIN 65-0299372Plan #001PY 2015

1680 N.E. 135TH STREET - NORTH MIAMI, FL 33181305-895-3035vernisandbowling.comLinkedIn201-500 employees

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$6.9M

No prior year

Total participants

274

No prior year

Average account balance

$34,277

No prior year

Annual return

-1.12%

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

$21.96M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

468

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.

92.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$228

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
PENSION SERVICES, INC.1+ years Service code 13 3150 SW 38TH AVENUE, SUITE 900 · MIAMI, FL 33146	Contract Administrator	$2,250
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,508
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$842
UBS FINANCIAL SERVICES INC1+ years Filed as: UBS FINANCIAL SVCS INS AGCY Service code 55 1000 HARBOR BLVD 8TH FL · WEEHAWKEN, NJ 07087	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$5K

$22 / participant

Contract admin$5K100.0%

% of EOY assets

0.067%

all-in expense ratio

Categories reported

1 / 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: OCTAVIO J. MESTRE, CPA
Auditor EIN: 591700478
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,277

$70,002-51.0%

$115,038-70.2%

$52,331-34.5%

Participation rate

64.8%

72.1%-7.3pp

81.4%-16.6pp

68.1%-3.3pp

Annual return

-1.12%

4.04%-5.2pp

26.14%-27.3pp

4.54%-5.7pp

Employer contribution / active EE

$462

$2,715-83.0%

$4,608-90.0%

$1,882-75.4%

Participant deferral / active EE

$2,943

$4,920-40.2%

$6,026-51.2%

$3,022-2.6%

Admin fee / account holder

$23

$566-95.9%

$8,175-99.7%

$592-96.1%

Provider

Service type

Compensation

PENSION SERVICES, INC.1+ years

Service code 13

3150 SW 38TH AVENUE, SUITE 900 · MIAMI, FL 33146

Contract Administrator

$2,250

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS. CO.

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,508

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$842

UBS FINANCIAL SERVICES INC1+ years

Filed as: UBS FINANCIAL SVCS INS AGCY

Service code 55

1000 HARBOR BLVD 8TH FL · WEEHAWKEN, NJ 07087

Other Commissions

VERNIS & BOWLING OF MIAMI, P. A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERNIS & BOWLING OF MIAMI, P. A. 401(K) 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