Retirement plan

U.S. TELEPACIFIC CORP. 401(K) PLAN AND TRUST

Name: U.S. TELEPACIFIC CORP. - U.S. TELEPACIFIC CORP. 401(K) PLAN AND TRUST (2018) Form 5500
Creator: U.S. TELEPACIFIC CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.S. TELEPACIFIC CORP. 401(K) PLAN AND TRUST, U.S. TELEPACIFIC CORP.

U.S. TELEPACIFIC CORP.EIN 95-4593876Plan #001PY 2018

515 S. FLOWER STREET - 45TH FLOOR - LOS ANGELES, CA 900712208213-223-4228

Prospect flagsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$51.6M

-6.5% from 2017

Total participants

2,108

+1.0% from 2017

Average account balance

$31,801

-14.4% from 2017

Annual return

-5.53%

-23.74 pp from 2017

Benchmarks

See 183 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort183 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$85.88M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

1,217

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.

85.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
FIRST CLEARING LLC1 year Service code 55	Other Commissions	$80,151
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSMUTUAL RETIREMENT SERVICES Service code 15 · EIN 26-1589907	Recordkeeping	$23,688
RELIANCE TRUST COMPANY4+ years Service code 19 · EIN 58-1428634	Securities Custodian	$545
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL INVESTMENT INC Service code 49 · EIN 36-3429599	Other Services	$23
FIRST CLEARING LLC4+ years Filed as: FIRST CLEARING, LLC Service code 55 · EIN 25-2384840	Other Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$24K

$16 / participant

Other / not subdivided$24K100.0%

% of EOY assets

0.046%

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: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,801

$71,106-55.3%

$83,327-61.8%

$75,289-57.8%

Participation rate

68.3%

82.0%-13.7pp

77.8%-9.5pp

72.4%-4.2pp

Annual return

-5.53%

-0.56%-5.0pp

10.64%-16.2pp

-0.04%-5.5pp

Employer contribution / active EE

$869

$2,436-64.3%

$3,379-74.3%

$2,405-63.9%

Participant deferral / active EE

$3,874

$6,249-38.0%

$5,565-30.4%

$3,739+3.6%

Admin fee / account holder

$15

$72-79.8%

$7,540-99.8%

$102-85.7%

Provider

Service type

Compensation

FIRST CLEARING LLC1 year

Service code 55

Other Commissions

$80,151

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES

Service code 15 · EIN 26-1589907

Recordkeeping

$23,688

RELIANCE TRUST COMPANY4+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$545

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL INVESTMENT INC

Service code 49 · EIN 36-3429599

Other Services

$23

FIRST CLEARING LLC4+ years

Filed as: FIRST CLEARING, LLC

Service code 55 · EIN 25-2384840

Other Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 52

Indirect Investment Fees

U.S. TELEPACIFIC CORP. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.S. TELEPACIFIC CORP. 401(K) 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