Retirement plan

SALVAGE MANAGEMENT COMPANY, INC PROFIT SHARING PLAN

Name: SALVAGE MANAGEMENT COMPANY, INC - SALVAGE MANAGEMENT COMPANY, INC PROFIT SHARING PLAN (2017) Form 5500
Creator: SALVAGE MANAGEMENT COMPANY, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SALVAGE MANAGEMENT COMPANY, INC PROFIT SHARING PLAN, SALVAGE MANAGEMENT COMPANY, INC

SALVAGE MANAGEMENT COMPANY, INCEIN 65-0966593Plan #001PY 2017

200 GREENE STREET - KEY WEST, FL 33040305-294-6995LinkedIn11-50 employeeshuman resources

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+9.6% from 2016

Total participants

-30.2% from 2016

Average account balance

$53,301

+18.1% from 2016

Annual return

10.13%

+4.89 pp from 2016

Benchmarks

See 3,723 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort3,723 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.55M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$164K

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

+10.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5566

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$128K

$4275 / participant

Other / not subdivided$128K100.0%

% of EOY assets

9.255%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,301

$47,848+11.4%

$81,473-34.6%

$70,126-24.0%

Participation rate

86.7%

58.3%+28.4pp

68.0%+18.7pp

69.5%+17.1pp

Annual return

10.13%

27.25%-17.1pp

38.78%-28.7pp

73.15%-63.0pp

Employer contribution / active EE

$1,109

$1,527-27.4%

$2,568-56.8%

$2,343-52.7%

Participant deferral / active EE

$2,931

$2,453+19.5%

$3,537-17.1%

$3,332-12.0%

Admin fee / account holder

$4,933

$3,145+56.9%

$4,561+8.2%

$4,645+6.2%

SALVAGE MANAGEMENT COMPANY, INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SALVAGE MANAGEMENT COMPANY, 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