Retirement plan

OMNI FINANCIAL SERVICES, INC. 401K PLAN

Name: SIERRA FINANCIAL, INC. DBA - OMNI FINANCIAL SERVICES, INC. 401K PLAN (2017) Form 5500
Creator: SIERRA FINANCIAL, INC. DBA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OMNI FINANCIAL SERVICES, INC. 401K PLAN, SIERRA FINANCIAL, INC. DBA

SIERRA FINANCIAL, INC. DBAdba OMNI FINANCIAL SERVICES, INC.EIN 84-1306818Plan #001PY 2017

380 INTERLOCKEN CRESCENT, SUITE 800 - BROOMFIELD, CO 800218036303-530-7770

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3.5M

+5.6% from 2016

Total participants

150

+50.0% from 2016

Average account balance

$42,109

-4.6% from 2016

Annual return

18.57%

+14.15 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.73M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$280K

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

+12.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13241

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

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC2 years Filed as: TRP Service code 15 · EIN 52-1309931	Recordkeeping	$32,948
AMERICAN FUNDS1 year Service code 28 · EIN 95-1411037 PO BOX 600 · BUFFALO, NY 142010600	Investment Management	$0
COLUMBIA2 years Service code 28 · EIN 93-0577450	Investment Management	$0
DIMENSIONAL FUND ADVISORS2 years Filed as: DFA Service code 28 · EIN 45-5614715	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY Service code 28 · EIN 04-2547786	Investment Management	$0
INVESCO2 years Service code 28 · EIN 25-4521338	Investment Management	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 28 · EIN 13-2524428	Investment Management	$0
JPMORGAN INVEST HOLDINGS LLC2 years Filed as: JPMORGAN Service code 28	Investment Management	$0
MFS INVESTMENT MANAGEMENT2 years Filed as: MFS Service code 28 · EIN 04-2747644	Investment Management	$0
OPPENHEIMER2 years Service code 28 · EIN 13-2527171	Investment Management	$0

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.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$33K

$259 / participant

Contract admin$33K100.0%

% of EOY assets

0.943%

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: EKS&H LLLP
Auditor EIN: 461497033
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,109

$89,739-53.1%

$149,721-71.9%

$62,293-32.4%

Participation rate

47.2%

85.1%-37.9pp

87.1%-39.8pp

69.5%-22.3pp

Annual return

18.57%

21.01%-2.4pp

1501.67%-1483.1pp

28.90%-10.3pp

Employer contribution / active EE

$1,412

$3,233-56.3%

$5,444-74.1%

$2,042-30.8%

Participant deferral / active EE

$2,536

$4,797-47.1%

$6,568-61.4%

$3,169-20.0%

Admin fee / account holder

$397

$551-28.0%

$11,282-96.5%

$479-17.2%

Provider

Service type

Compensation

T ROWE PRICE RPS INC2 years

Filed as: TRP

Service code 15 · EIN 52-1309931

Recordkeeping

$32,948

AMERICAN FUNDS1 year

Service code 28 · EIN 95-1411037

PO BOX 600 · BUFFALO, NY 142010600

Investment Management

COLUMBIA2 years

Service code 28 · EIN 93-0577450

Investment Management

DIMENSIONAL FUND ADVISORS2 years

Filed as: DFA

Service code 28 · EIN 45-5614715

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY

Service code 28 · EIN 04-2547786

Investment Management

INVESCO2 years

Service code 28 · EIN 25-4521338

Investment Management

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 28 · EIN 13-2524428

Investment Management

JPMORGAN INVEST HOLDINGS LLC2 years

Filed as: JPMORGAN

Service code 28

Investment Management

MFS INVESTMENT MANAGEMENT2 years

Filed as: MFS

Service code 28 · EIN 04-2747644

Investment Management

OPPENHEIMER2 years

Service code 28 · EIN 13-2527171

Investment Management

OMNI FINANCIAL SERVICES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OMNI FINANCIAL SERVICES, INC. 401K 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