Retirement plan

SENECA MEDICAL, INC. 401(K) PLAN

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

SENECA MEDICAL HOLDINGS, INC.EIN 81-0816640Plan #001PY 2016

P.O. BOX 399 - TIFFIN, OH 448830399419-447-0222

Other plans on this EIN

1 filing

#002Retirement-$29.7M assets

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$10.6M

No prior year

Total participants

493

No prior year

Average account balance

$33,294

No prior year

Annual return

7.22%

No prior year

Benchmarks

See 1,219 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,219 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-99.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 3 by compensation

Provider	Service type	Compensation
FIFTH THIRD BANK RETIREMENT SERVICE1+ years Service code 64 · EIN 31-1051736 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Recordkeeping Fees	$26,628
SIGNATURE ESTATE & INVESTMENT1+ years Filed as: SIGNATURE INVESTORS INC Service code 99 197 CLARENDON ST · BOSTON, MA 02116	Other Fees	$16,196
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO BANK N.A. Service code 27 · EIN 94-1347393	Advisory (Plan)	$8,683

Plan features & details

Pension benefit codes2E2G2J2K3D3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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: GILMORE JASION MAHLER
Auditor EIN: 341827159
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,294

$107,378-69.0%

$108,582-69.3%

$57,658-42.3%

Participation rate

60.2%

77.1%-16.9pp

79.6%-19.4pp

70.2%-10.0pp

Annual return

7.22%

12.80%-5.6pp

-51.70%+58.9pp

5.13%+2.1pp

Employer contribution / active EE

$1,782-100.0%

$3,758-100.0%

$1,974-100.0%

Participant deferral / active EE

$1,409

$3,221-56.2%

$4,311-67.3%

$3,061-54.0%

Admin fee / account holder

$108-100.0%

$7,645-100.0%

$95-100.0%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE1+ years

Service code 64 · EIN 31-1051736

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Recordkeeping Fees

$26,628

SIGNATURE ESTATE & INVESTMENT1+ years

Filed as: SIGNATURE INVESTORS INC

Service code 99

197 CLARENDON ST · BOSTON, MA 02116

Other Fees

$16,196

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO BANK N.A.

Service code 27 · EIN 94-1347393

Advisory (Plan)

$8,683

SENECA MEDICAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SENECA MEDICAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion