Retirement plan

JAMES G. PARKER INSURANCE ASSOCIATES EMPLOYEES 401K PLAN

Name: JAMES G. PARKER INSURANCE ASSOCIATES - JAMES G. PARKER INSURANCE ASSOCIATES EMPLOYEES 401K PLAN (2016) Form 5500
Creator: JAMES G. PARKER INSURANCE ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JAMES G. PARKER INSURANCE ASSOCIATES EMPLOYEES 401K PLAN, JAMES G. PARKER INSURANCE ASSOCIATES

JAMES G. PARKER INSURANCE ASSOCIATESEIN 94-2494444Plan #002PY 2016

1753 E. FIR - FRESNO, CA 937203840559-241-7700jgparker.comLinkedIn201-500 employeesinsurance

Prospect flagsLow returnsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$10.2M

+9.4% from 2015

Total participants

250

+12.1% from 2015

Average account balance

$54,834

+8.3% from 2015

Annual return

6.18%

+7.33 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.27M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

234

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

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$310

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT WEST LIFE AND ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$71,633
PENSIONMARK FINANCIAL GROUP LLC2+ years Filed as: PENSIONMARK FINANCIAL GROUP Service code 27 24 E. COTA ST. · SANTA BARBARA, CA 93101	Advisory (Plan)	$28,002
FOX ROTHSCHILD LLP2+ years Filed as: FOX & FOX Service code 13 2491 E. ALLUVIAL AVE. · CLOVIS, CA 93611	Contract Administrator	$5,250
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,430
TD AMERITRADE, INC.2+ years Filed as: TD AMERITRADE Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$0

Plan features & details

Pension benefit codes2E3D2G2J2K2F

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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$75K

$354 / participant

Contract admin$75K100.0%

% of EOY assets

0.736%

all-in expense ratio

Categories reported

1 / 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: BRYANT L. JOLLEY, CPA
Auditor EIN: 942706107
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,834

$74,089-26.0%

$133,975-59.1%

$55,167-0.6%

Participation rate

69.8%

84.3%-14.5pp

87.1%-17.3pp

69.0%+0.8pp

Annual return

6.18%

12.11%-5.9pp

29.29%-23.1pp

169.23%-163.0pp

Employer contribution / active EE

$852

$3,064-72.2%

$5,211-83.6%

$1,963-56.6%

Participant deferral / active EE

$2,538

$4,678-45.7%

$6,282-59.6%

$3,054-16.9%

Admin fee / account holder

$404

$458-11.9%

$9,324-95.7%

$504-19.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT WEST LIFE AND ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$71,633

PENSIONMARK FINANCIAL GROUP LLC2+ years

Filed as: PENSIONMARK FINANCIAL GROUP

Service code 27

24 E. COTA ST. · SANTA BARBARA, CA 93101

Advisory (Plan)

$28,002

FOX ROTHSCHILD LLP2+ years

Filed as: FOX & FOX

Service code 13

2491 E. ALLUVIAL AVE. · CLOVIS, CA 93611

Contract Administrator

$5,250

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,430

TD AMERITRADE, INC.2+ years

Filed as: TD AMERITRADE

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

JAMES G. PARKER INSURANCE ASSOCIATES EMPLOYEES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JAMES G. PARKER INSURANCE ASSOCIATES EMPLOYEES 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