Retirement plan

PHANTOM ADMINISTRATIVE RETIREMENT SAVINGS PLAN

Name: PHANTOM ADMINISTRATIVE LLC - PHANTOM ADMINISTRATIVE RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: PHANTOM ADMINISTRATIVE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHANTOM ADMINISTRATIVE RETIREMENT SAVINGS PLAN, PHANTOM ADMINISTRATIVE LLC

PHANTOM ADMINISTRATIVE LLCEIN 81-4654467Plan #005PY 2016

2445 BELMONT AVE. - YOUNGSTOWN, OH 445022405330-746-1064

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$6.4M

No prior year

Total participants

432

No prior year

Average account balance

$28,936

No prior year

Annual return

7.62%

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

$12.73M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

355

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.

22.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

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

+12.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$93

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 3 by compensation

Provider	Service type	Compensation
WEALTH MANAGEMENT SYSTEMS INC1+ years Filed as: WEALTH AND PENSION SVCS GROUP, INC. Service code 28 4045 ORCHARD RD. SE · SMYRNA, GA 30080	Investment Management	$20,932
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$18,737
PENSION FINANCIAL SERVICES, INC.1+ years Service code 13 3700 CRESTWOOD PARKWAY · DULUTH, GA 300967157	Contract Administrator	$10,115

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$48K

$119 / participant

Investment mgmt$4K7.7%
Contract admin$42K87.0%
Other / not subdivided$3K5.2%

% of EOY assets

0.753%

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: HILL BARTH & KING LLC
Auditor EIN: 341897225
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,936

$107,378-73.1%

$108,582-73.4%

$57,658-49.8%

Participation rate

47.3%

77.1%-29.8pp

79.6%-32.3pp

70.2%-23.0pp

Annual return

7.62%

12.80%-5.2pp

-51.70%+59.3pp

5.13%+2.5pp

Employer contribution / active EE

$710

$1,782-60.2%

$3,758-81.1%

$1,974-64.0%

Participant deferral / active EE

$1,169

$3,221-63.7%

$4,311-72.9%

$3,061-61.8%

Admin fee / account holder

$218

$108+101.0%

$7,645-97.1%

$95+130.6%

Provider

Service type

Compensation

WEALTH MANAGEMENT SYSTEMS INC1+ years

Filed as: WEALTH AND PENSION SVCS GROUP, INC.

Service code 28

4045 ORCHARD RD. SE · SMYRNA, GA 30080

Investment Management

$20,932

NATIONWIDE1+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$18,737

PENSION FINANCIAL SERVICES, INC.1+ years

Service code 13

3700 CRESTWOOD PARKWAY · DULUTH, GA 300967157

Contract Administrator

$10,115

PHANTOM ADMINISTRATIVE RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHANTOM ADMINISTRATIVE RETIREMENT SAVINGS 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