Retirement plan

CANDID COLOR SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: CANDID COLOR SYSTEMS, INC. - CANDID COLOR SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: CANDID COLOR SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANDID COLOR SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, CANDID COLOR SYSTEMS, INC.

CANDID COLOR SYSTEMS, INC.EIN 73-0957985Plan #001PY 2019

1300 METROPOLITAN AVENUE - OKLAHOMA CITY, OK 73108405-947-8747candid.comLinkedIn201-500 employeesphotography

Prospect flagsHigh feesLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$18.6M

+16.2% from 2018

Total participants

156

-25.7% from 2018

Average account balance

$193,713

+90.0% from 2018

Annual return

17.76%

+22.34 pp from 2018

Benchmarks

See 1,705 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,705 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.82M

Not enough data

1 years with asset history on file

Average account balance

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

$143K

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.

111

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.

36.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$458K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$666

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$45,576
MORGAN STANLEY SMITH BARNEY5+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 1 NEW YORK PLZ 12TH FL · NEW YORK CITY, NY 10004	Other Commissions	$30,726
IFP ADVISORS INC DBA INDEPENDENT FI5+ years Service code 27 3030 N ROCKY POINT DR W · TAMPA, FL 33607	Advisory (Plan)	$10,234
CANDID LITHO5+ years Filed as: CANDID COLOR SYSTEMS INC Service code 99 1300 METROPOLITAN AVE · OKLAHOMA CITY, OK 73108	Other Fees	$9,500
PENSION ASSURANCE LLP2 years Filed as: THE PENSION STUDIO, LLC Service code 13 1226 OMAR ROAD · WEST PALM BEACH, FL 33405	Contract Administrator	$9,310
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY INSURANCE SERVICES I Service code 55 1 NEW YORK PLZ 12TH FL · NEW YORK CITY, NY 10004	Other Commissions	$5,726
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$267

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$72K

$527 / participant

Investment mgmt$69K96.1%
Contract admin$3K3.9%

% of EOY assets

0.386%

all-in expense ratio

Categories reported

2 / 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: FORRESTALL CPAS
Auditor EIN: 582412540
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$193,713

$51,620+275.3%

$90,304+114.5%

$65,185+197.2%

Participation rate

55.9%

68.6%-12.7pp

73.3%-17.4pp

70.2%-14.3pp

Annual return

17.76%

24.94%-7.2pp

78.13%-60.4pp

29.38%-11.6pp

Employer contribution / active EE

$2,235-100.0%

$2,855-100.0%

$2,177-100.0%

Participant deferral / active EE

$1,531

$2,871-46.7%

$3,885-60.6%

$3,514-56.4%

Admin fee / account holder

$747

$384+94.4%

$5,354-86.0%

$847-11.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$45,576

MORGAN STANLEY SMITH BARNEY5+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

1 NEW YORK PLZ 12TH FL · NEW YORK CITY, NY 10004

Other Commissions

$30,726

IFP ADVISORS INC DBA INDEPENDENT FI5+ years

Service code 27

3030 N ROCKY POINT DR W · TAMPA, FL 33607

Advisory (Plan)

$10,234

CANDID LITHO5+ years

Filed as: CANDID COLOR SYSTEMS INC

Service code 99

1300 METROPOLITAN AVE · OKLAHOMA CITY, OK 73108

Other Fees

$9,500

PENSION ASSURANCE LLP2 years

Filed as: THE PENSION STUDIO, LLC

Service code 13

1226 OMAR ROAD · WEST PALM BEACH, FL 33405

Contract Administrator

$9,310

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY INSURANCE SERVICES I

Service code 55

1 NEW YORK PLZ 12TH FL · NEW YORK CITY, NY 10004

Other Commissions

$5,726

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$267

CANDID COLOR SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANDID COLOR SYSTEMS, INC. 401(K) PROFIT SHARING 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