Retirement plan

NEPHRON PHARMACEUTICALS CORPORATION 401(K) SAVINGS

Name: NEPHRON PHARMACEUTICALS CORP. - NEPHRON PHARMACEUTICALS CORPORATION 401(K) SAVINGS (2019) Form 5500
Creator: NEPHRON PHARMACEUTICALS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEPHRON PHARMACEUTICALS CORPORATION 401(K) SAVINGS, NEPHRON PHARMACEUTICALS CORP.

NEPHRON PHARMACEUTICALS CORP.EIN 93-1065757Plan #001PY 2019

4500 12TH ST. EXTENSION - WEST COLUMBIA, SC 29172407-999-2225nephronpharm.comLinkedIn501-1000 employeespharmaceuticals

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$10M

+21.6% from 2018

Total participants

695

+30.4% from 2018

Average account balance

$30,661

+2.5% from 2018

Annual return

22.71%

+28.19 pp from 2018

Benchmarks

See 1,163 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,163 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.49M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

1,147

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.94M

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

+13.95%

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

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Service providers

Top 10 of 19 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Service code 49 · EIN 04-1590850	Other Services	$43,111
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 26-4310632	Advisory (Plan)	$20,430
AMERICAN REALTY ADVISORS3 years Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN CENTURY3 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COHEN & STEERS1 year Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
COLUMBIA1 year Service code 52 · EIN 36-3376651	Indirect Investment Fees	$0
GOLDMAN SACHS3 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
HARRIS3 years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 13-2576643	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T3H

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.
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

6 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.
OpportunityLow employer contribution
Employer contribution per participant 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$64K

$104 / participant

Investment mgmt$58K90.9%
Contract admin$6K9.1%

% of EOY assets

0.638%

all-in expense ratio

Categories reported

2 / 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: VESTAL AND WILER, CPAS
Auditor EIN: 593198021
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,661

$74,347-58.8%

$93,621-67.3%

$67,579-54.6%

Participation rate

39.2%

80.6%-41.4pp

75.8%-36.6pp

71.3%-32.0pp

Annual return

22.71%

28.07%-5.4pp

32.76%-10.1pp

378.56%-355.8pp

Employer contribution / active EE

$409

$2,583-84.2%

$2,719-84.9%

$2,148-80.9%

Participant deferral / active EE

$1,753

$4,060-56.8%

$4,070-56.9%

$3,539-50.5%

Admin fee / account holder

$196

$123+59.4%

$7,890-97.5%

$142+37.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Service code 49 · EIN 04-1590850

Other Services

$43,111

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 26-4310632

Advisory (Plan)

$20,430

AMERICAN REALTY ADVISORS3 years

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN CENTURY3 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COHEN & STEERS1 year

Service code 52 · EIN 14-1904657

Indirect Investment Fees

COLUMBIA1 year

Service code 52 · EIN 36-3376651

Indirect Investment Fees

GOLDMAN SACHS3 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

HARRIS3 years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 13-2576643

Indirect Investment Fees

NEPHRON PHARMACEUTICALS CORPORATION 401(K) SAVINGS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEPHRON PHARMACEUTICALS CORPORATION 401(K) SAVINGS

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