Retirement plan

SIMON EYE MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: SIMON EYE MANAGEMENT LLC - SIMON EYE MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: SIMON EYE MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIMON EYE MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST, SIMON EYE MANAGEMENT LLC

SIMON EYE MANAGEMENT LLCEIN 83-2231457Plan #001PY 2020

5301 LIMESTONE RD SUITE 128 - WILMINGTON, DE 19808302-239-1933

Prospect flagsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$5.2M

No prior year

Total participants

201

No prior year

Average account balance

$31,283

No prior year

Annual return

17.45%

No prior year

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.89M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

172

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.

65.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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 2 by compensation

Provider	Service type	Compensation
DIVERSIFIED TRUST COMPANY1+ years Filed as: DIVERSIFIED, LLC Service code 26 2200 CONCORD PARK, SUITE 104 · WILMINGTON, DE 19803	Advisory (Participants)	$9,796
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$7,050

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$17K

$124 / participant

Investment mgmt$10K56.2%
Contract admin$8K43.8%

% of EOY assets

0.336%

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: WHIAMSN GIORDANO & ASSOCIATES, LLC
Auditor EIN: 203934956
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,283

$58,888-46.9%

$178,498-82.5%

$73,493-57.4%

Participation rate

75.0%

66.2%+8.8pp

81.9%-6.9pp

70.7%+4.3pp

Annual return

17.45%

24.86%-7.4pp

151.09%-133.6pp

28.51%-11.1pp

Employer contribution / active EE

$2,585

$2,236+15.6%

$5,011-48.4%

$2,270+13.9%

Participant deferral / active EE

$3,255

$2,568+26.8%

$5,202-37.4%

$3,740-13.0%

Admin fee / account holder

$105

$400-73.8%

$13,985-99.2%

$513-79.5%

Provider

Service type

Compensation

DIVERSIFIED TRUST COMPANY1+ years

Filed as: DIVERSIFIED, LLC

Service code 26

2200 CONCORD PARK, SUITE 104 · WILMINGTON, DE 19803

Advisory (Participants)

$9,796

PAYCHEX, INC.1+ years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$7,050

SIMON EYE MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIMON EYE MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST

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