Retirement plan

DBSI, INC. 401K PLAN

Name: DBSI, INC. - DBSI, INC. 401K PLAN (2015) Form 5500
Creator: DBSI, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DBSI, INC. 401K PLAN, DBSI, INC.

DBSI, INC.EIN 86-0904666Plan #001PY 2015

6950 WEST MORCLOS PLACE, STE. 1 - CHANDLER, AZ 85226602-264-7263dbsi-inc.comLinkedIn51-200 employeesmanagement consulting

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.1M

No prior year

Total participants

176

No prior year

Average account balance

$21,856

No prior year

Annual return

-0.91%

No prior year

Benchmarks

See 2,156 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,156 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.07M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

141

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.

61.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$638K

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

+12.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$356

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
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 53 3201 N 4TH AVE #3 · SIOUX FALLS, SD 57104	Insurance Commissions	$14,738
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: DYATECH LLC Service code 15 · EIN 64-0932631 805 S WHEATLEY ST STE 600 · RIDGELAND, MS 39157	Recordkeeping	$1,474

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$4K

$34 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.133%

all-in expense ratio

Categories reported

0 / 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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,856

$70,667-69.1%

$123,105-82.2%

$52,331-58.2%

Participation rate

70.8%

83.7%-12.9pp

86.8%-15.9pp

68.1%+2.7pp

Annual return

-0.91%

6.23%-7.1pp

13.22%-14.1pp

4.54%-5.4pp

Employer contribution / active EE

$1,085

$2,946-63.2%

$5,151-78.9%

$1,882-42.3%

Participant deferral / active EE

$3,271

$4,493-27.2%

$6,229-47.5%

$3,022+8.2%

Admin fee / account holder

$29

$506-94.3%

$9,014-99.7%

$592-95.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO ADVISORS INS AGENCY LLC

Service code 53

3201 N 4TH AVE #3 · SIOUX FALLS, SD 57104

Insurance Commissions

$14,738

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: DYATECH LLC

Service code 15 · EIN 64-0932631

805 S WHEATLEY ST STE 600 · RIDGELAND, MS 39157

Recordkeeping

$1,474

DBSI, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DBSI, 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