Retirement plan

SUMMIT MANAGEMENT CONSULTING, L.L.C. EMPLOYEES SAVINGS TRUST

Name: SUMMIT MANAGEMENT CONSULTING, L.L.C. - SUMMIT MANAGEMENT CONSULTING, L.L.C. EMPLOYEES SAVINGS TRUST (2016) Form 5500
Creator: SUMMIT MANAGEMENT CONSULTING, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUMMIT MANAGEMENT CONSULTING, L.L.C. EMPLOYEES SAVINGS TRUST, SUMMIT MANAGEMENT CONSULTING, L.L.C.

SUMMIT MANAGEMENT CONSULTING, L.L.C.EIN 71-0878314Plan #001PY 2016

4800 LAPEER RD - KIMBALL, MI 480741517810-982-7210fromthesummit.comLinkedIn51-200 employeeseducation management

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$1.9M

No prior year

Total participants

103

No prior year

Average account balance

$18,873

No prior year

Annual return

-0.78%

No prior year

Benchmarks

See 3,682 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,682 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.43M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

248

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$660K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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 1 by compensation

Provider	Service type	Compensation
CPI QUALIFIED PLAN CONSULTANTS, INC1+ years Service code 15 · EIN 48-1205033 1809 24TH STREET · GREAT BEND, KS 67530	Recordkeeping	$6,671

Plan features & details

Pension benefit codes2E2F2G2J2K3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$34 / participant

Contract admin$3K100.0%

% of EOY assets

0.153%

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: CROSKEY LANNI, PC
Auditor EIN: 382777985
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,873

$39,132-51.8%

$57,196-67.0%

$62,881-70.0%

Participation rate

97.6%

70.5%+27.2pp

75.3%+22.3pp

69.3%+28.3pp

Annual return

-0.78%

9.24%-10.0pp

14.59%-15.4pp

20.14%-20.9pp

Employer contribution / active EE

$1,002

$1,874-46.5%

$2,683-62.6%

$2,281-56.0%

Participant deferral / active EE

$1,563

$2,374-34.2%

$3,096-49.5%

$3,203-51.2%

Admin fee / account holder

$29

$2,594-98.9%

$3,141-99.1%

$4,296-99.3%

Provider

Service type

Compensation

CPI QUALIFIED PLAN CONSULTANTS, INC1+ years

Service code 15 · EIN 48-1205033

1809 24TH STREET · GREAT BEND, KS 67530

Recordkeeping

$6,671

SUMMIT MANAGEMENT CONSULTING, L.L.C. EMPLOYEES SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUMMIT MANAGEMENT CONSULTING, L.L.C. EMPLOYEES SAVINGS TRUST

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