Retirement plan

CREWS & ASSOCIATES INC. 401(K) PLAN

Name: CREWS & ASSOCIATES INC. - CREWS & ASSOCIATES INC. 401(K) PLAN (2018) Form 5500
Creator: CREWS & ASSOCIATES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CREWS & ASSOCIATES INC. 401(K) PLAN, CREWS & ASSOCIATES INC.

CREWS & ASSOCIATES INC.EIN 71-0522369Plan #001PY 2018

521 PRESIDENT CLINTON AVE., STE 800 - LITTLE ROCK, AR 72201501-907-2000crewsfs.comLinkedIn51-200 employeesinvestment banking

Prospect flagsHigh feesHigh cashLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed February 1, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$29.3M

-4.7% from 2017

Total participants

193

-4.0% from 2017

Average account balance

$173,274

-5.3% from 2017

Annual return

-5.67%

-21.02 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$47.78M

Not enough data

1 years with asset history on file

Average account balance

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

$254K

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.

188

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.

82.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$654

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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Service providers

Top 4 by compensation

Provider	Service type	Compensation
BKD, LLP4+ years Filed as: BKD WEALTH ADVISORS LLC Service code 13 · EIN 43-1815436	Contract Administrator	$69,539
NEWPORT GROUP, INC.4+ years Filed as: NEWPORT GROUP Service code 15 · EIN 62-1868111	Recordkeeping	$37,562
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 19 · EIN 04-3523567	Securities Custodian	$0
RELIANCE TRUST COMPANY1 year Service code 12 · EIN 58-1428634	Claims processing; Trustee (bank, tru...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

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.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$107K

$623 / participant

Investment mgmt$51K47.6%
Contract admin$56K52.4%

% of EOY assets

0.366%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FROST, PLLC
Auditor EIN: 710817652
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$173,274

$79,523+117.9%

$140,016+23.8%

$56,287+207.8%

Participation rate

86.0%

85.7%+0.3pp

87.5%-1.5pp

69.9%+16.2pp

Annual return

-5.67%

2.39%-8.1pp

651.12%-656.8pp

-9.96%+4.3pp

Employer contribution / active EE

$739

$3,350-77.9%

$5,606-86.8%

$2,111-65.0%

Participant deferral / active EE

$7,391

$5,129+44.1%

$6,927+6.7%

$3,350+120.7%

Admin fee / account holder

$634

$614+3.2%

$10,705-94.1%

$521+21.7%

Provider

Service type

Compensation

BKD, LLP4+ years

Filed as: BKD WEALTH ADVISORS LLC

Service code 13 · EIN 43-1815436

Contract Administrator

$69,539

NEWPORT GROUP, INC.4+ years

Filed as: NEWPORT GROUP

Service code 15 · EIN 62-1868111

Recordkeeping

$37,562

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 19 · EIN 04-3523567

Securities Custodian

RELIANCE TRUST COMPANY1 year

Service code 12 · EIN 58-1428634

Claims processing; Trustee (bank, tru...

CREWS & ASSOCIATES INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CREWS & ASSOCIATES INC. 401(K) PLAN

Top hat statement on fileNQDC

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