Retirement plan

RELIANCE ENERGY 401K PLAN

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

RELIANCE ENERGY INCEIN 75-2399207Plan #001PY 2016

300 N. MARIENFELD, SUITE 1100 - MIDLAND, TX 79701432-683-4816reimid.comLinkedIn11-50 employeesoil & energy

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.8M

-1.2% from 2015

Total participants

176

-7.4% from 2015

Average account balance

$51,860

-1.2% from 2015

Annual return

6.72%

+4.31 pp from 2015

Benchmarks

See 530 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort530 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.42M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

189

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.

23.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$856K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+7.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$248

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 10 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 52 · EIN 04-1590850	Indirect Investment Fees	$7,536
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
JAMIE BLACKMORE2+ years Filed as: JAMIE RAY Service code 53 3300 N A ST · MIDLAND, TX 79705	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASMUTUAL LIFE INSURANCE COMPANY Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTAL LIFE INSURANCE COMPANY Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTUAL LIFE INSURNCE COMPANY Service code 60	Sub-TA Fees	$0
MICKEY LONG, ESQ.2+ years Filed as: MICKEY RAY Service code 53 3300 N A ST · MIDLAND, TX 79705	Insurance Commissions	$0
PENTEC PENSION MANAGEMENT GROUP INC2+ years Filed as: PENTEC PENSION MANAGEMENT Service code 13 · EIN 75-2776689	Contract Administrator	$0
PENTEC PENSION MANAGEMENT GROUP INC2+ years Filed as: PENTEC PENSION MANAGEMETN GROUP INC Service code 13	Contract Administrator	$0
TODD EUGENE HOLT2+ years Service code 53 6010 82ND ST · LUBBOCK, TX 79424	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2G2J2K3D2F

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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$8K

$82 / participant

Investment mgmt$8K100.0%

% of EOY assets

0.097%

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: WEAVER AND TIDWELL, LLP
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,860

$66,764-22.3%

$88,497-41.4%

$62,881-17.5%

Participation rate

71.7%

77.3%-5.5pp

82.4%-10.7pp

69.3%+2.4pp

Annual return

6.72%

10.37%-3.7pp

7.63%-0.9pp

20.14%-13.4pp

Employer contribution / active EE

$7,594

$3,077+146.8%

$4,036+88.1%

$2,281+232.9%

Participant deferral / active EE

$10,438

$3,976+162.5%

$4,899+113.0%

$3,203+225.9%

Admin fee / account holder

$50

$4,668-98.9%

$6,220-99.2%

$4,296-98.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$7,536

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27 · EIN 61-1732930

Advisory (Plan)

JAMIE BLACKMORE2+ years

Filed as: JAMIE RAY

Service code 53

3300 N A ST · MIDLAND, TX 79705

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASMUTUAL LIFE INSURANCE COMPANY

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTAL LIFE INSURANCE COMPANY

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTUAL LIFE INSURNCE COMPANY

Service code 60

Sub-TA Fees

MICKEY LONG, ESQ.2+ years

Filed as: MICKEY RAY

Service code 53

3300 N A ST · MIDLAND, TX 79705

Insurance Commissions

PENTEC PENSION MANAGEMENT GROUP INC2+ years

Filed as: PENTEC PENSION MANAGEMENT

Service code 13 · EIN 75-2776689

Contract Administrator

PENTEC PENSION MANAGEMENT GROUP INC2+ years

Filed as: PENTEC PENSION MANAGEMETN GROUP INC

Service code 13

Contract Administrator

TODD EUGENE HOLT2+ years

Service code 53

6010 82ND ST · LUBBOCK, TX 79424

Insurance Commissions

RELIANCE ENERGY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RELIANCE ENERGY 401K 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