Retirement plan

COVELLI FAMILY LIMITED PARTNERSHIP 401(K) RETIREMENT PLAN

Name: COVELLI FAMILY LIMITED PARTNERSHIP - COVELLI FAMILY LIMITED PARTNERSHIP 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: COVELLI FAMILY LIMITED PARTNERSHIP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COVELLI FAMILY LIMITED PARTNERSHIP 401(K) RETIREMENT PLAN, COVELLI FAMILY LIMITED PARTNERSHIP

COVELLI FAMILY LIMITED PARTNERSHIPEIN 65-0773817Plan #001PY 2016

3900 E MARKET ST - WARREN, OH 444844708330-856-3176LinkedIn1001-5000 employeesrestaurants

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$6M

+16.6% from 2015

Total participants

1,161

-32.8% from 2015

Average account balance

$10,041

+13.9% from 2015

Annual return

7.66%

+9.04 pp from 2015

Benchmarks

See 685 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort685 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.48M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

300

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.

44.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$483K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$16,973
HILL STONE STREET & CO1 year Service code 10 · EIN 34-1521313	Accounting	$7,896
PHILLIPS FINANCIAL MANAGEMENT LLC2+ years Filed as: PHILLIPS, CHAD L. Service code 49 201 E COMMERCE ST · YOUNGSTOWN, OH 445031637	Other Services	$7,760

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

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

$25K

$29 / participant

Contract admin$17K68.3%
Other / not subdivided$8K31.7%

% of EOY assets

0.411%

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: HILL, STONESTREET & CO
Auditor EIN: 341521313
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,041

$23,385-57.1%

$69,182-85.5%

$57,658-82.6%

Participation rate

34.8%

37.9%-3.1pp

55.1%-20.3pp

70.2%-35.4pp

Annual return

7.66%

-659.34%+667.0pp

-21.93%+29.6pp

5.13%+2.5pp

Employer contribution / active EE

$290

$422-31.5%

$1,206-76.0%

$1,974-85.3%

Participant deferral / active EE

$629

$843-25.4%

$1,897-66.8%

$3,061-79.4%

Admin fee / account holder

$41

$82-49.7%

$2,697-98.5%

$95-56.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$16,973

HILL STONE STREET & CO1 year

Service code 10 · EIN 34-1521313

Accounting

$7,896

PHILLIPS FINANCIAL MANAGEMENT LLC2+ years

Filed as: PHILLIPS, CHAD L.

Service code 49

201 E COMMERCE ST · YOUNGSTOWN, OH 445031637

Other Services

$7,760

COVELLI FAMILY LIMITED PARTNERSHIP 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COVELLI FAMILY LIMITED PARTNERSHIP 401(K) RETIREMENT 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