Retirement plan

THE ELMORE GROUP, LTD. 401(K) PROFIT SHARING PLAN

Name: THE ELMORE GROUP, LTD. - THE ELMORE GROUP, LTD. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: THE ELMORE GROUP, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ELMORE GROUP, LTD. 401(K) PROFIT SHARING PLAN, THE ELMORE GROUP, LTD.

THE ELMORE GROUP, LTD.EIN 84-0594083Plan #001PY 2016

400 W 7TH STREET, SUITE 233 - BLOOMINGTON, IN 474043906812-337-3176

Prospect flagsHigh feesLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.1M

+9.8% from 2015

Total participants

230

+12.7% from 2015

Average account balance

$45,870

-6.8% from 2015

Annual return

8.57%

+10.21 pp from 2015

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$13.55M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

195

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.

62.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$789K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$615

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$48,598
FIDUCIARY CONSULTING GROUP1 year Service code 14 1832 WARD DRIVE, · MURFREESBORO, TN 37129	Plan Administrator	$18,653
AMERICAN REALTY ADVISORS2+ years Filed as: AMERICAN PENSION ADVISORS, LTD. Service code 13 · EIN 35-2015845 9265 COUNSELOR'S ROW · INDIANAPOLIS, IN 462406402	Contract Administrator	$12,404

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$93K

$581 / participant

Other / not subdivided$93K100.0%

% of EOY assets

1.019%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: THE WATERMARK GROUP, LLC
Auditor EIN: 208854575
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,870

$43,423+5.6%

$78,689-41.7%

$55,167-16.9%

Participation rate

80.6%

68.0%+12.6pp

73.6%+7.1pp

69.0%+11.6pp

Annual return

8.57%

11.53%-3.0pp

62.18%-53.6pp

169.23%-160.7pp

Employer contribution / active EE

$834

$1,997-58.2%

$2,851-70.7%

$1,963-57.5%

Participant deferral / active EE

$2,848

$2,509+13.5%

$3,517-19.0%

$3,054-6.8%

Admin fee / account holder

$467

$416+12.3%

$4,510-89.6%

$504-7.3%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$48,598

FIDUCIARY CONSULTING GROUP1 year

Service code 14

1832 WARD DRIVE, · MURFREESBORO, TN 37129

Plan Administrator

$18,653

AMERICAN REALTY ADVISORS2+ years

Filed as: AMERICAN PENSION ADVISORS, LTD.

Service code 13 · EIN 35-2015845

9265 COUNSELOR'S ROW · INDIANAPOLIS, IN 462406402

Contract Administrator

$12,404

THE ELMORE GROUP, LTD. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ELMORE GROUP, LTD. 401(K) PROFIT SHARING 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