Retirement plan

CHELO'S 401(K) PLAN

Name: CHELOS MANAGEMENT COMPANY, INC. - CHELO'S 401(K) PLAN (2016) Form 5500
Creator: CHELOS MANAGEMENT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHELO'S 401(K) PLAN, CHELOS MANAGEMENT COMPANY, INC.

CHELOS MANAGEMENT COMPANY, INC.EIN 80-0025541Plan #001PY 2016

1725 MENDON RD., SUITE 209 - CUMBERLAND, RI 02864401-312-6500LinkedIn201-500 employeesrestaurants

Prospect flagsLow participationRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.2M

+4.3% from 2015

Total participants

241

-39.6% from 2015

Average account balance

$61,731

-2.9% from 2015

Annual return

5.45%

+6.25 pp from 2015

Benchmarks

See 875 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort875 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$10.18M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

121

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.

29.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$255K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$110

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$1,285
ADP BROKER-DEALER2+ years Service code 59	Shareholder Servicing	$0
ADP BROKER-DEALER1 year Filed as: ADP BROKERDEALER Service code 59 · EIN 22-3319984	Shareholder Servicing	$0
DEAM DISTRIBUTORS, INC.2+ years Filed as: DEAWM DISTRIBUTORS, INC. Service code 63 · EIN 36-3976708	12b-1 Fees	$0
DEAWM TRUST COMPANY2+ years Service code 99	Other Fees	$0

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$6K

$29 / participant

Investment mgmt$2K30.6%
Other / not subdivided$4K69.4%

% 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: KAHN,LITWIN,RENZA & CO., LTD
Auditor EIN: 050409384
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,731

$25,723+140.0%

$69,182-10.8%

$55,167+11.9%

Participation rate

32.7%

39.4%-6.7pp

55.1%-22.4pp

69.0%-36.3pp

Annual return

5.45%

9.56%-4.1pp

-21.93%+27.4pp

169.23%-163.8pp

Employer contribution / active EE

$160

$480-66.7%

$1,206-86.7%

$1,963-91.8%

Participant deferral / active EE

$622

$963-35.5%

$1,897-67.2%

$3,054-79.6%

Admin fee / account holder

$60

$365-83.6%

$2,697-97.8%

$504-88.1%

Provider

Service type

Compensation

ADP BROKER-DEALER2+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$1,285

ADP BROKER-DEALER2+ years

Service code 59

Shareholder Servicing

ADP BROKER-DEALER1 year

Filed as: ADP BROKERDEALER

Service code 59 · EIN 22-3319984

Shareholder Servicing

DEAM DISTRIBUTORS, INC.2+ years

Filed as: DEAWM DISTRIBUTORS, INC.

Service code 63 · EIN 36-3976708

12b-1 Fees

DEAWM TRUST COMPANY2+ years

Service code 99

Other Fees

CHELO'S 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHELO'S 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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