Retirement plan

OMNI FINANCIAL 401K PLAN

Name: SIERRA FINANCIAL, INC. DBA - OMNI FINANCIAL 401K PLAN (2018) Form 5500
Creator: SIERRA FINANCIAL, INC. DBA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OMNI FINANCIAL 401K PLAN, SIERRA FINANCIAL, INC. DBA

SIERRA FINANCIAL, INC. DBAdba OMNI FINANCIAL SERVICES, INC.EIN 84-1306818Plan #001PY 2018

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

Prospect flagsLow returnsLow assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.6M

+2.2% from 2017

Total participants

155

+3.3% from 2017

Average account balance

$29,264

-30.5% from 2017

Annual return

-6.44%

-25.01 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

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

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

Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE RPS, INC Service code 15 · EIN 52-1309931	Recordkeeping	$28,750
AMERICAN FUNDS2 years Service code 28 · EIN 95-1411037 PO BOX 600 · BUFFALO, NY 142010600	Investment Management	$0
COLUMBIA1 year Filed as: COLUMBIA FUNDS Service code 28 · EIN 93-0577450	Investment Management	$0
DIMENSIONAL FUND ADVISORS1 year Filed as: DIMENSIONAL FUNDS Service code 28 · EIN 95-4470812	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY Service code 28 · EIN 04-2547786	Investment Management	$0
INVESCO3 years Service code 28 · EIN 25-4521338	Investment Management	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: JP MORGAN Service code 28 · EIN 13-2524428	Investment Management	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN FUNDS Service code 28	Investment Management	$0
MFS INVESTMENT MANAGEMENT3 years Filed as: MFS Service code 28 · EIN 04-2747644	Investment Management	$0
MFS INVESTMENT MANAGEMENT1 year Filed as: MFS FUNDS Service code 28	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$29K

$244 / participant

Other / not subdivided$29K100.0%

% of EOY assets

0.805%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,264

$79,523-63.2%

$140,019-79.1%

$56,287-48.0%

Participation rate

72.0%

85.7%-13.7pp

87.5%-15.5pp

69.9%+2.2pp

Annual return

-6.44%

2.39%-8.8pp

651.15%-657.6pp

-9.96%+3.5pp

Employer contribution / active EE

$1,968

$3,350-41.2%

$5,605-64.9%

$2,111-6.8%

Participant deferral / active EE

$3,899

$5,129-24.0%

$6,927-43.7%

$3,350+16.4%

Admin fee / account holder

$236

$614-61.6%

$10,705-97.8%

$521-54.8%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE RPS, INC

Service code 15 · EIN 52-1309931

Recordkeeping

$28,750

AMERICAN FUNDS2 years

Service code 28 · EIN 95-1411037

PO BOX 600 · BUFFALO, NY 142010600

Investment Management

COLUMBIA1 year

Filed as: COLUMBIA FUNDS

Service code 28 · EIN 93-0577450

Investment Management

DIMENSIONAL FUND ADVISORS1 year

Filed as: DIMENSIONAL FUNDS

Service code 28 · EIN 95-4470812

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY

Service code 28 · EIN 04-2547786

Investment Management

INVESCO3 years

Service code 28 · EIN 25-4521338

Investment Management

MORGAN STANLEY SMITH BARNEY3 years

Filed as: JP MORGAN

Service code 28 · EIN 13-2524428

Investment Management

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN FUNDS

Service code 28

Investment Management

MFS INVESTMENT MANAGEMENT3 years

Filed as: MFS

Service code 28 · EIN 04-2747644

Investment Management

MFS INVESTMENT MANAGEMENT1 year

Filed as: MFS FUNDS

Service code 28

Investment Management

OMNI FINANCIAL 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OMNI FINANCIAL 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