Retirement plan

MORLEY BUILDERS EMPLOYEE SAVINGS PLAN

Name: MORLEY BUILDERS, INC. - MORLEY BUILDERS EMPLOYEE SAVINGS PLAN (2015) Form 5500
Creator: MORLEY BUILDERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORLEY BUILDERS EMPLOYEE SAVINGS PLAN, MORLEY BUILDERS, INC.

MORLEY BUILDERS, INC.EIN 95-3920697Plan #002PY 2015

3330 OCEAN PARK BLVD. - SANTA MONICA, CA 90405310-399-1600morleybuilders.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#108Retirement-$42.1M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$15.3M

No prior year

Total participants

204

No prior year

Average account balance

$81,604

No prior year

Annual return

0.92%

No prior year

Benchmarks

See 1,997 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort1,997 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.78M

Not enough data

1 years with asset history on file

Average account balance

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

$185K

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.

199

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.83M

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

+18.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$588

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 6 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49	Other Services	$21,283
QBI, LLC1+ years Service code 13 · EIN 26-2768667	Contract Administrator	$6,342
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$3,262
STRATEGIC PENSION SERVICES, LLC1+ years Filed as: STRATEGIC PENSION SERVICES, INC. Service code 13 · EIN 87-0723968	Contract Administrator	$2,688
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Service code 49 · EIN 13-5674085	Other Services	$1,759
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH LIFE AGENCY Service code 49 · EIN 13-2808480	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

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

$11K

$68 / participant

Contract admin$11K100.0%

% of EOY assets

0.074%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,604

$50,464+61.7%

$75,784+7.7%

$52,331+55.9%

Participation rate

90.4%

66.8%+23.6pp

75.8%+14.6pp

68.1%+22.3pp

Annual return

0.92%

1.03%-0.1pp

9.68%-8.8pp

4.54%-3.6pp

Employer contribution / active EE

$1,988-100.0%

$3,323-100.0%

$1,882-100.0%

Participant deferral / active EE

$7,608

$2,570+196.0%

$3,652+108.3%

$3,022+151.7%

Admin fee / account holder

$60

$1,103-94.6%

$5,300-98.9%

$592-89.8%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH LIFE AGENCY INC

Service code 49

Other Services

$21,283

QBI, LLC1+ years

Service code 13 · EIN 26-2768667

Contract Administrator

$6,342

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$3,262

STRATEGIC PENSION SERVICES, LLC1+ years

Filed as: STRATEGIC PENSION SERVICES, INC.

Service code 13 · EIN 87-0723968

Contract Administrator

$2,688

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Service code 49 · EIN 13-5674085

Other Services

$1,759

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH LIFE AGENCY

Service code 49 · EIN 13-2808480

Other Services

MORLEY BUILDERS EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORLEY BUILDERS EMPLOYEE SAVINGS 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