Retirement plan

MERCHANT E-SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: MERCHANT E-SOLUTIONS, INC. - MERCHANT E-SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: MERCHANT E-SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERCHANT E-SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST, MERCHANT E-SOLUTIONS, INC.

MERCHANT E-SOLUTIONS, INC.EIN 94-3346153Plan #001PY 2018

3475 LENOX ROAD, SUITE 500 - ATLANTA, GA 30326650-620-9750LinkedIn1-10 employeesfinancial services

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$9.9M

+3.1% from 2017

Total participants

364

+10.3% from 2017

Average account balance

$33,262

-9.4% from 2017

Annual return

-7.35%

-46.04 pp from 2017

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.92M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

258

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.

75.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$354

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
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$27,987
APRIO LLP1 year Filed as: APRIO WEALTH MANAGEMENT LLC Service code 27 · EIN 58-2484343	Advisory (Plan)	$19,433

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$51K

$200 / participant

Investment mgmt$4K7.0%
Other / not subdivided$47K93.0%

% of EOY assets

0.514%

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: SEAY & WEISSINGER, LLC
Auditor EIN: 611663588
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,262

$80,005-58.4%

$140,019-76.2%

$55,725-40.3%

Participation rate

74.1%

87.0%-12.9pp

87.5%-13.4pp

70.9%+3.3pp

Annual return

-7.35%

0.46%-7.8pp

651.15%-658.5pp

244.93%-252.3pp

Employer contribution / active EE

$2,326

$3,403-31.6%

$5,605-58.5%

$2,078+11.9%

Participant deferral / active EE

$6,053

$5,264+15.0%

$6,927-12.6%

$3,356+80.4%

Admin fee / account holder

$171

$116+47.9%

$10,705-98.4%

$115+48.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$27,987

APRIO LLP1 year

Filed as: APRIO WEALTH MANAGEMENT LLC

Service code 27 · EIN 58-2484343

Advisory (Plan)

$19,433

MERCHANT E-SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERCHANT E-SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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