Retirement plan

STAN BOYETT & SON, INC. PROFIT SHARING 401(K) PLAN

Name: STAN BOYETT & SON, INC. - STAN BOYETT & SON, INC. PROFIT SHARING 401(K) PLAN (2017) Form 5500
Creator: STAN BOYETT & SON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STAN BOYETT & SON, INC. PROFIT SHARING 401(K) PLAN, STAN BOYETT & SON, INC.

STAN BOYETT & SON, INC.EIN 94-2456460Plan #001PY 2017

601 MCHENRY AVE. - MODESTO, CA 95350209-577-6000

Prospect flagsLow assets / participantLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.3M

+28.6% from 2016

Total participants

247

+12.3% from 2016

Average account balance

$22,426

+15.5% from 2016

Annual return

15.40%

+6.10 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.75M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

192

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+15.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$189

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
MESIROW FINANCIAL INVESTMENT MANAGE3+ years Filed as: MESIROW FINANCIAL INC Service code 27 · EIN 36-3194849	Advisory (Plan)	$86,991
OSBORNE & ASSOCIATES, INC.3+ years Filed as: OSBORNE & ASSOCIATES INC Service code 15 · EIN 77-0573145 4216 KIERNAN AVENUE, SUITE 201 · MODESTO, CA 95356	Recordkeeping	$3,300
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH Service code 22	Insurance Broker	$1,832
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA FINANCIAL LIFE Service code 15 · EIN 36-6071399 INSURANCE COMPANY · HARRISON, NY 10528	Recordkeeping	$904

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$5K

$42 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.096%

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: MARK ANDERSON CPA
Auditor EIN: 461376748
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,426

$71,192-68.5%

$117,861-81.0%

$62,293-64.0%

Participation rate

90.2%

74.2%+15.9pp

79.7%+10.5pp

69.5%+20.6pp

Annual return

15.40%

18.66%-3.3pp

335.11%-319.7pp

28.90%-13.5pp

Employer contribution / active EE

$1,888

$1,934-2.4%

$3,786-50.1%

$2,042-7.5%

Participant deferral / active EE

$3,275

$3,189+2.7%

$4,482-26.9%

$3,169+3.3%

Admin fee / account holder

$22

$587-96.3%

$8,021-99.7%

$479-95.5%

Provider

Service type

Compensation

MESIROW FINANCIAL INVESTMENT MANAGE3+ years

Filed as: MESIROW FINANCIAL INC

Service code 27 · EIN 36-3194849

Advisory (Plan)

$86,991

OSBORNE & ASSOCIATES, INC.3+ years

Filed as: OSBORNE & ASSOCIATES INC

Service code 15 · EIN 77-0573145

4216 KIERNAN AVENUE, SUITE 201 · MODESTO, CA 95356

Recordkeeping

$3,300

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH

Service code 22

Insurance Broker

$1,832

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA FINANCIAL LIFE

Service code 15 · EIN 36-6071399

INSURANCE COMPANY · HARRISON, NY 10528

Recordkeeping

$904

STAN BOYETT & SON, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STAN BOYETT & SON, INC. PROFIT SHARING 401(K) 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