Retirement plan

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

Name: MERCHANT E-SOLUTIONS - MERCHANT E-SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2019) Form 5500
Creator: MERCHANT E-SOLUTIONS
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

MERCHANT E-SOLUTIONSEIN 94-3346153Plan #001PY 2019

1150 SANCTUARY PKWY, STE. 300 - ALPHARETTA, GA 30009404-877-8892LinkedIn1-10 employeesfinancial services

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$12.3M

+24.2% from 2018

Total participants

336

-7.7% from 2018

Average account balance

$46,273

+39.1% from 2018

Annual return

22.82%

+30.17 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	$39,153
APRIO LLP2 years Filed as: APRIO WEALTH MANAGEMENT LLC Service code 27 · EIN 58-2484343	Advisory (Plan)	$27,840
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,185

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$74K

$324 / participant

Investment mgmt$7K9.7%
Other / not subdivided$67K90.3%

% of EOY assets

0.603%

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

$46,273

$98,982-53.3%

$162,171-71.5%

$65,185-29.0%

Participation rate

69.4%

85.8%-16.3pp

87.6%-18.1pp

70.2%-0.8pp

Annual return

22.82%

24.84%-2.0pp

115.60%-92.8pp

29.38%-6.6pp

Employer contribution / active EE

$3,452

$3,467-0.4%

$5,613-38.5%

$2,177+58.6%

Participant deferral / active EE

$7,706

$5,384+43.1%

$7,297+5.6%

$3,514+119.3%

Admin fee / account holder

$279

$596-53.2%

$10,843-97.4%

$847-67.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

$39,153

APRIO LLP2 years

Filed as: APRIO WEALTH MANAGEMENT LLC

Service code 27 · EIN 58-2484343

Advisory (Plan)

$27,840

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,185

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