Retirement plan

DOUGLAS PARKING, LLC 401(K) PLAN

Name: DOUGLAS PARKING, LLC - DOUGLAS PARKING, LLC 401(K) PLAN (2017) Form 5500
Creator: DOUGLAS PARKING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DOUGLAS PARKING, LLC 401(K) PLAN, DOUGLAS PARKING, LLC

DOUGLAS PARKING, LLCEIN 94-3315581Plan #001PY 2017

1330 BROADWAY SUITE 630 - OAKLAND, CA 94612510-444-7412douglasparking.comLinkedIn201-500 employeesmanagement consulting

Prospect flagsHigh feesLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.1M

+6.9% from 2016

Total participants

185

+5.1% from 2016

Average account balance

$37,996

-7.0% from 2016

Annual return

15.38%

+6.27 pp from 2016

Benchmarks

See 1,704 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,704 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.54M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

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.

25.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$197K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$786

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1748

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

0 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
CONCENTRIC WEALTH MANAGEMENT LLC2 years Service code 27 · EIN 26-2322896 251 LAFAYETTE CIRCLE SUITE 200 · LAFAYETTE, CA 94549	Advisory (Plan)	$18,602
SUMMIT CPA GROUP1 year Service code 10 · EIN 11-3730017 9815 DAWSON'S CREEK BLVD · FORT WAYNE, IN 46825	Accounting	$7,000

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 participant contribution
Participant 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.)
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

$19K

$109 / participant

Investment mgmt$15K78.5%
Other / not subdivided$4K21.5%

% of EOY assets

0.907%

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: SUMMIT CPA GROUP
Auditor EIN: 113730017
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,996

$50,637-25.0%

$86,582-56.1%

$62,293-39.0%

Participation rate

23.4%

67.9%-44.5pp

73.5%-50.2pp

69.5%-46.1pp

Annual return

15.38%

20.80%-5.4pp

965.08%-949.7pp

28.90%-13.5pp

Employer contribution / active EE

$403

$2,075-80.6%

$2,839-85.8%

$2,042-80.3%

Participant deferral / active EE

$581

$2,611-77.7%

$3,609-83.9%

$3,169-81.7%

Admin fee / account holder

$344

$413-16.7%

$4,904-93.0%

$479-28.1%

Provider

Service type

Compensation

CONCENTRIC WEALTH MANAGEMENT LLC2 years

Service code 27 · EIN 26-2322896

251 LAFAYETTE CIRCLE SUITE 200 · LAFAYETTE, CA 94549

Advisory (Plan)

$18,602

SUMMIT CPA GROUP1 year

Service code 10 · EIN 11-3730017

9815 DAWSON'S CREEK BLVD · FORT WAYNE, IN 46825

Accounting

$7,000

DOUGLAS PARKING, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DOUGLAS PARKING, LLC 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