Retirement plan

PREVAILING MULTIPLE EMPLOYER PLAN

Name: AKAL SECURITY, INC. - PREVAILING MULTIPLE EMPLOYER PLAN (2016) Form 5500
Creator: AKAL SECURITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREVAILING MULTIPLE EMPLOYER PLAN, AKAL SECURITY, INC.

AKAL SECURITY, INC.EIN 85-0279473Plan #005PY 2016

7 INFINITY LOOP - ESPANOLA, NM 87532505-753-7832akalglobal.comLinkedIn10001+ employeessecurity and investigations

Prospect flagsLow returnsFailed to transmit contributionsFailed to provide benefit

How to read this page

Total assets (EOY)

$54.9M

-17.2% from 2015

Total participants

4,178

-14.4% from 2015

Average account balance

$14,465

-5.4% from 2015

Annual return

3.48%

+5.09 pp from 2015

Benchmarks

See 280 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort280 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.53M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

306

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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 4 by compensation

Provider	Service type	Compensation
NOVUS ADVISORS2+ years Service code 27 · EIN 80-0717897	Advisory (Plan)	$261,528
PENTEGRA SERVICES, INC.2+ years Filed as: PENTEGRA RETIREMENT SERVICES Service code 15 · EIN 27-4470015	Recordkeeping	$163,632
SPECIALIZED PLAN ADMINISTRATORS1 year Filed as: SPECIALIZED ADMINISTRATORS Service code 15 · EIN 90-0713048	Recordkeeping	$122,588
TD AMERITRADE, INC.2+ years Filed as: TD AMERITRADE Service code 27 · EIN 20-0937408	Advisory (Plan)	$32,884

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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$581K

$249 / participant

Investment mgmt$262K45.0%
Other / not subdivided$319K55.0%

% of EOY assets

1.057%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAUKNIGHT, PIETRAS & STORMER, PA
Auditor EIN: 570940019
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,465

$31,370-53.9%

$74,577-80.6%

$63,975-77.4%

Participation rate

83.7%

42.6%+41.1pp

68.1%+15.6pp

71.1%+12.5pp

Annual return

3.48%

-105.16%+108.6pp

20.47%-17.0pp

48.65%-45.2pp

Employer contribution / active EE

$4,781

$822+481.6%

$2,525+89.3%

$2,182+119.2%

Participant deferral / active EE

$1,170

$1,560-25.0%

$3,458-66.2%

$3,356-65.1%

Admin fee / account holder

$153

$77+99.2%

$4,138-96.3%

$70+117.1%

Provider

Service type

Compensation

NOVUS ADVISORS2+ years

Service code 27 · EIN 80-0717897

Advisory (Plan)

$261,528

PENTEGRA SERVICES, INC.2+ years

Filed as: PENTEGRA RETIREMENT SERVICES

Service code 15 · EIN 27-4470015

Recordkeeping

$163,632

SPECIALIZED PLAN ADMINISTRATORS1 year

Filed as: SPECIALIZED ADMINISTRATORS

Service code 15 · EIN 90-0713048

Recordkeeping

$122,588

TD AMERITRADE, INC.2+ years

Filed as: TD AMERITRADE

Service code 27 · EIN 20-0937408

Advisory (Plan)

$32,884

PREVAILING MULTIPLE EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREVAILING MULTIPLE EMPLOYER 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