Retirement plan

THING5, LLC 401(K) PLAN

Name: THING5, LLC - THING5, LLC 401(K) PLAN (2019) Form 5500
Creator: THING5, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THING5, LLC 401(K) PLAN, THING5, LLC

THING5, LLCEIN 76-0826797Plan #001PY 2019

354 BIRNIE AVE., SUITE 200 - SPRINGFIELD, MA 01107413-241-2519

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$2.5M

+46.7% from 2018

Total participants

154

+4.1% from 2018

Average account balance

$18,239

+37.2% from 2018

Annual return

27.15%

+34.83 pp from 2018

Benchmarks

See 905 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort905 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.84M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

191

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$205

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL LIFE INSURANCE Service code 13 · EIN 42-0127290	Contract Administrator	$10,595
LINCOLN NATIONAL CORPORATION2 years Service code 13 · EIN 35-1140070	Contract Administrator	$4,226
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI Service code 27 150 N COLLEGE STREET · CHARLOTTE, NC 28255	Advisory (Plan)	$2,102
SHORE TOMPKINS ACTUARIAL RESOURCES2 years Service code 15 · EIN 76-0826797 2 N RIVERSIDE PLAZA · CHICAGO, IL 60606	Recordkeeping	$525
STADION MONEY MANAGEMENT2 years Service code 26 · EIN 58-2099805	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$188 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.858%

all-in expense ratio

Categories reported

0 / 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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,239

$58,655-68.9%

$91,994-80.2%

$65,185-72.0%

Participation rate

87.1%

75.3%+11.8pp

78.6%+8.4pp

70.2%+16.9pp

Annual return

27.15%

33.92%-6.8pp

69.03%-41.9pp

29.38%-2.2pp

Employer contribution / active EE

$1,080

$2,080-48.1%

$3,452-68.7%

$2,177-50.4%

Participant deferral / active EE

$4,311

$5,474-21.3%

$5,923-27.2%

$3,514+22.7%

Admin fee / account holder

$157

$434-64.0%

$7,743-98.0%

$847-81.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL LIFE INSURANCE

Service code 13 · EIN 42-0127290

Contract Administrator

$10,595

LINCOLN NATIONAL CORPORATION2 years

Service code 13 · EIN 35-1140070

Contract Administrator

$4,226

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI

Service code 27

150 N COLLEGE STREET · CHARLOTTE, NC 28255

Advisory (Plan)

$2,102

SHORE TOMPKINS ACTUARIAL RESOURCES2 years

Service code 15 · EIN 76-0826797

2 N RIVERSIDE PLAZA · CHICAGO, IL 60606

Recordkeeping

$525

STADION MONEY MANAGEMENT2 years

Service code 26 · EIN 58-2099805

Advisory (Participants)

THING5, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THING5, LLC 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