Retirement plan

MARSH SALDANA SALARY SAVINGS PLAN

Name: MARSH SALDANA, INC. - MARSH SALDANA SALARY SAVINGS PLAN (2016) Form 5500
Creator: MARSH SALDANA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARSH SALDANA SALARY SAVINGS PLAN, MARSH SALDANA, INC.

MARSH SALDANA, INC.EIN 66-0307769Plan #001PY 2016

CITY VIEW PLAZA SUITE 700, # 48 ROAD 165 KM 1.2 - GUAYNABO, PR 00968787-721-2600

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.9M

+10.3% from 2015

Total participants

151

+3.4% from 2015

Average account balance

$86,050

+7.3% from 2015

Annual return

9.68%

+10.76 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.78M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

133

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$746K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1007

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
INDEPENDENT FINANCIAL GROUP LLC2+ years Service code 27 12636 HIGH BLUFF DR STE 203 · SAN DIEGO, CA 92130	Advisory (Plan)	$96,651
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$59,551
A & A EMPLOYEE BENEFITS CONSULTING2+ years Service code 13 PO BOX 13928 · SAN JUAN, PR 00908	Contract Administrator	$10,360

Plan features & details

Pension benefit codes2E2F2G2J3C

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$96K

$796 / participant

Other / not subdivided$96K100.0%

% of EOY assets

0.746%

all-in expense ratio

Categories reported

0 / 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: RS & ASSOC PSC
Auditor EIN: 660579838
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,050

$74,089+16.1%

$133,975-35.8%

$55,167+56.0%

Participation rate

99.2%

84.3%+14.9pp

87.1%+12.1pp

69.0%+30.2pp

Annual return

9.68%

12.11%-2.4pp

29.29%-19.6pp

169.23%-159.6pp

Employer contribution / active EE

$2,833

$3,064-7.5%

$5,211-45.6%

$1,963+44.4%

Participant deferral / active EE

$4,025

$4,678-14.0%

$6,282-35.9%

$3,054+31.8%

Admin fee / account holder

$642

$458+40.1%

$9,324-93.1%

$504+27.4%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL GROUP LLC2+ years

Service code 27

12636 HIGH BLUFF DR STE 203 · SAN DIEGO, CA 92130

Advisory (Plan)

$96,651

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$59,551

A & A EMPLOYEE BENEFITS CONSULTING2+ years

Service code 13

PO BOX 13928 · SAN JUAN, PR 00908

Contract Administrator

$10,360

MARSH SALDANA SALARY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARSH SALDANA SALARY 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