Retirement plan

MUSIC REPORTS, INC. 401K RETIREMENT PLAN

Name: MUSIC REPORTS, INC. - MUSIC REPORTS, INC. 401K RETIREMENT PLAN (2019) Form 5500
Creator: MUSIC REPORTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MUSIC REPORTS, INC. 401K RETIREMENT PLAN, MUSIC REPORTS, INC.

MUSIC REPORTS, INC.EIN 95-4545798Plan #001PY 2019

21122 ERWIN STREET - WOODLAND HILLS, CA 913673712818-558-1400musicreports.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$10.2M

+9.2% from 2018

Total participants

137

-15.4% from 2018

Average account balance

$116,345

-0.8% from 2018

Annual return

3.66%

-11.04 pp from 2018

Benchmarks

See 905 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort905 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.07M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

119

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.

48.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$749K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+31.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 8 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC3 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$100
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
LOOMIS SAYLES1 year Filed as: LOOMIS Service code 28 · EIN 04-3200030	Investment Management	$0
OAKMARK3 years Service code 28 · EIN 04-3276558	Investment Management	$0
OPPENHEIMER3 years Filed as: OPPENHEIMER FUNDS Service code 28 · EIN 13-2527171	Investment Management	$0
PIMCO FUNDS1 year Service code 28 · EIN 33-0629048	Investment Management	$0
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0
THORNBURG1 year Filed as: THORNBURG FUNDS Service code 28 · EIN 85-0301299	Investment Management	$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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$100

$1 / participant

Other / not subdivided$100100.0%

% of EOY assets

0.001%

all-in expense ratio

Categories reported

0 / 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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,345

$58,655+98.4%

$91,994+26.5%

$65,186+78.5%

Participation rate

53.8%

75.3%-21.5pp

78.6%-24.9pp

70.2%-16.4pp

Annual return

3.66%

33.92%-30.3pp

69.04%-65.4pp

29.39%-25.7pp

Employer contribution / active EE

$2,085

$2,080+0.2%

$3,453-39.6%

$2,177-4.2%

Participant deferral / active EE

$3,393

$5,474-38.0%

$5,924-42.7%

$3,514-3.4%

Admin fee / account holder

$434-99.7%

$7,744-100.0%

$847-99.9%

Provider

Service type

Compensation

T ROWE PRICE RPS INC3 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$100

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

LOOMIS SAYLES1 year

Filed as: LOOMIS

Service code 28 · EIN 04-3200030

Investment Management

OAKMARK3 years

Service code 28 · EIN 04-3276558

Investment Management

OPPENHEIMER3 years

Filed as: OPPENHEIMER FUNDS

Service code 28 · EIN 13-2527171

Investment Management

PIMCO FUNDS1 year

Service code 28 · EIN 33-0629048

Investment Management

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

THORNBURG1 year

Filed as: THORNBURG FUNDS

Service code 28 · EIN 85-0301299

Investment Management

MUSIC REPORTS, INC. 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MUSIC REPORTS, INC. 401K RETIREMENT 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