Retirement plan

USFOREX, INC. 401(K) PLAN

Name: USFOREX, INC. DBA OFX - USFOREX, INC. 401(K) PLAN (2016) Form 5500
Creator: USFOREX, INC. DBA OFX
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, USFOREX, INC. 401(K) PLAN, USFOREX, INC. DBA OFX

USFOREX, INC. DBA OFXEIN 72-1621909Plan #001PY 2016

49 STEVENSON STREET, 13TH FLOOR - SAN FRANCISCO, CA 94105888-966-6888LinkedIn11-50 employeesbanking

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$221K

+112.8% from 2015

Total participants

+28.6% from 2015

Average account balance

$7,353

+48.9% from 2015

Annual return

9.79%

+9.48 pp from 2015

Benchmarks

See 7,671 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,671 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.08M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

154.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$495K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+15.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32783

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 codes2E2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$7K

$263 / participant

Other / not subdivided$7K100.0%

% of EOY assets

3.335%

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

$7,353

$87,834-91.6%

$133,975-94.5%

$62,881-88.3%

Participation rate

78.6%

83.4%-4.8pp

87.1%-8.5pp

69.3%+9.3pp

Annual return

9.79%

12.05%-2.3pp

29.29%-19.5pp

20.14%-10.3pp

Employer contribution / active EE

$1,716

$3,482-50.7%

$5,211-67.1%

$2,281-24.7%

Participant deferral / active EE

$2,348

$4,812-51.2%

$6,282-62.6%

$3,203-26.7%

Admin fee / account holder

$245

$5,372-95.4%

$9,324-97.4%

$4,296-94.3%

USFOREX, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

USFOREX, INC. 401(K) 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