Retirement plan

PAYROLL MADE EASY, INC DBA CONTINUUM RETIREMENT SAVINGS PLAN

Name: PAYROLL MADE EASY, INC. DBA CONTINUUM HR - PAYROLL MADE EASY, INC DBA CONTINUUM RETIREMENT SAVINGS PLAN (2018) Form 5500
Creator: PAYROLL MADE EASY, INC. DBA CONTINUUM HR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAYROLL MADE EASY, INC DBA CONTINUUM RETIREMENT SAVINGS PLAN, PAYROLL MADE EASY, INC. DBA CONTINUUM HR

PAYROLL MADE EASY, INC. DBA CONTINUUM HREIN 65-0976069Plan #002PY 2018

11691 GATEWAY BLVD STE 104 - FORT MYERS, FL 33913239-592-9700LinkedIn201-500 employeesmotion pictures and film

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$6.2M

-21.7% from 2017

Total participants

485

+0.8% from 2017

Average account balance

$30,905

-24.5% from 2017

Annual return

-3.87%

-31.98 pp from 2017

Benchmarks

See 2,763 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,763 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$15.93M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

267

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.

52.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

-21.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$557

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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Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
SLAVIC INTEGRATED ADMINISTRATION4+ years Service code 15 · EIN 65-0608221	Recordkeeping	$46,317
SLAVIC INTEGRATED ADMINISTRATION4+ years Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP Service code 28 · EIN 59-2749576	Investment Management	$11,457
FIDUCIARY INVESTMENT ADVISORS1 year Filed as: FIDUCIARY PARTNERS INV CONSULTING Service code 26 2729 STATE ROAD 580 · CLEARWATER, FL 33761	Advisory (Participants)	$5,760
FIDUCIARY PARTNERS RETIREMENT GROUP1 year Service code 26 2729 STATE ROAD 580 · CLEARWATER, FL 33761	Advisory (Participants)	$5,760

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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$69K

$165 / participant

Investment mgmt$23K33.2%
Contract admin$46K66.8%

% of EOY assets

1.127%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SKODA MINOTTI
Auditor EIN: 341945206
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,905

$75,388-59.0%

$123,544-75.0%

$55,725-44.5%

Participation rate

31.7%

75.7%-43.9pp

82.3%-50.6pp

70.9%-39.1pp

Annual return

-3.87%

4.48%-8.4pp

119.20%-123.1pp

244.93%-248.8pp

Employer contribution / active EE

$557

$3,063-81.8%

$4,628-88.0%

$2,078-73.2%

Participant deferral / active EE

$1,529

$5,651-72.9%

$6,426-76.2%

$3,356-54.4%

Admin fee / account holder

$348

$120+190.8%

$9,284-96.2%

$115+202.3%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION4+ years

Service code 15 · EIN 65-0608221

Recordkeeping

$46,317

SLAVIC INTEGRATED ADMINISTRATION4+ years

Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP

Service code 28 · EIN 59-2749576

Investment Management

$11,457

FIDUCIARY INVESTMENT ADVISORS1 year

Filed as: FIDUCIARY PARTNERS INV CONSULTING

Service code 26

2729 STATE ROAD 580 · CLEARWATER, FL 33761

Advisory (Participants)

$5,760

FIDUCIARY PARTNERS RETIREMENT GROUP1 year

Service code 26

2729 STATE ROAD 580 · CLEARWATER, FL 33761

Advisory (Participants)

$5,760

PAYROLL MADE EASY, INC DBA CONTINUUM RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAYROLL MADE EASY, INC DBA CONTINUUM RETIREMENT 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