As of June 9th the Retirement plan landscape has changed again not just for you but for all of the people who work on your plan. When was the last time you had an Independent Assessment of the plan completed? With all the changes taking place there is no better time to have an “annual physical of your plan done, we can help.
1. Prepared from IRS Forms 5500 filings
by Rick Canipe, EA, MBA
IRS Enrolled Agent 77840; to verify the status,
email epp@irs.gov or call 855.472.5540.
www.Fix401k.com
www.MiraCenter.com
Data from Morningstar.com
TOTAL PAID
$274,151 $722,678 $1,532,565 $1,111,325 ? ? $ 3,640,719
Distributions
2012 2013 2014 2015 2016 2017Q1
-$14,114 -$466,043-$34,021 -$51,017 -$95,787 -$96,773 -$174,331
Values below are based on public sources (audits & 5500 Annual Reports)--this can ensure Participants' gains/losses per 29 CFR 2550.404a-5 are correct
$ Lag 2012 2013 2014 2015 2016 2017Q1 TOTAL LAG
"Under trust law, a trustee has a continuing duty to monitor trust investments and
remove imprudent ones."
35% What % of the investment menu met or
beat their benchmarks in 2016?
"...emphasizes a duty to diversify, the avoidance of unjustified costs, and the
importance of evaluating the portfolio as a whole…"
66% In 2016, what percent of the whole trust
was invested in lagging funds?
Supreme Court May 18, 2015 Ruling
No In 2016, were >50% of assets invested in
passive institutional shares?
The Third Restatement of Trusts
Prudent Investor Rule Adherence
“The greater the trustee’s departure from one of the valid passive strategies, the
greater is likely to be the burden of justification and also of continuous monitoring.”
ABC, Inc. 401k Plan
Federal regulation 2550.408b-2 requires reviewing providers to determine they bring value and are "necessary." Federal regulation 2550.404a-5 requires
disclosures to investors so they can evaluate performance versus benchmarks. This document was produced to aid in these efforts.
-65%
-76% -76%
-47%
-90%
-80%
-70%
-60%
-50%
-40%
-30%
-20%
-10%
0%
2016 2015 3 YEAR 5 YEAR
% of Funds Lagging Benchmarks
(888)PlanLag www.FundLag.com
AVG. % COST/YR
+/- BENCHMARKS
2014-2016
-0.91%
-1.02%
Participants' Investment Cost v. Return
Comparison
Prepared using this plan's most recent public
IRS/DOL Forms 5500 at www.dol.gov/efast
Presented _______________
by R. Canipe, J. Holland or approved advisor
2. Prepared from IRS Forms 5500 filings
by Rick Canipe, EA, MBA
IRS Enrolled Agent 77840; to verify the status,
email epp@irs.gov or call 855.472.5540.
www.Fix401k.com
www.MiraCenter.com
Data from Morningstar.com
Prepared using this plan's most recent public
IRS/DOL Forms 5500 at www.dol.gov/efast
Presented _______________
by R. Canipe, J. Holland or approved advisor
3. Confidential 6/5/2017 Page 3
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F G H I J O P Q R S T X AD AE AG AI AJ AM AP AQ AT AW AX BA BD BE BF BH BK BL BM BN BO BP
Patent Pending Serial Number
62368060
SA $ -$ 5500 VALUES 2016 2015 3 Year 5 Year
7,216,282.51$ $RIC DIFF 1$ -35% -29% -21% -25%
29% flows 2016 26,802.28$ 100% (1,277.87) 26,802.28$ 50% (8,919.60) 6,611,630 (3,246.57) 6,573,895 -$10,332.65 5,651,549 -$4,056.51 8,941,607 -$3,394.01 2016 2015 3 Year 5 Year
5 17 9% 6,628,977 (14,114) 6,602,175.00 13,401.14 (174,331) 6,611,630 -$96,773.13 $6,573,894.92 -$95,786.60 5,651,549 -$51,017.18 $8,941,607.28 $3,953,441.04 -$34,020.91 -65% -76% -76% -47%
prospectus benchmark
2nd
BM=1,0
Level
1 Index $ 336,292 name ticker
trust assets 2017
DEITZ
trust assets 2017
DEITZ 2016 return % of level 1
2017 lag
cost trust assets 2016 DEITZ 50% of flows 2016 lag 2016 lag cost
trust assets
beg 2015
dietz from
5500
2015
lag 2015 lag cost from 5500
trust assets beg 2014 dietz
from 5500
2014
lag 2014 lag cost from 5500
trust assets beg 2013 dietz
from 5500 2013 lag 2013 lag cost from 5500
trust assets beg 2012 dietz
from 5500
trust assets beg
2012
2012
lag 2012 lag cost from 5500 fd v bm 2016 fd v bm 2015 fd v bm 3y fd v bm 5y fd v bm 10y
S&P 500 TR USD 0 X Yes 15,842$ MM S&P 500® Index R4 MIEAX 842,983 842,983.16$ 85,161.13 11% 754,758.00 1,532.01 (0.7) (5,279.86) 755,838.88 (0.60) (4,555.40) 751,525.03 (0.77) (5,768.84) 646,082.81 (0.82) (5,277.21) 1,022,200.96 378,020.82 (0.72) (7,347.42) (0.70) (0.60) (0.69) (0.72) (0.68)
BBgBarc US Agg Bond TR USD 0 X No Prudential Total Return Bond A PDBAX 758,603 758,602.50$ 32,839.10 11% 722,829.00 1,467.20 1.9 723,864.15 (0.85) (6,122.88) 719,732.80 0.83 618,751.16 0.85 978,958.15 618,060.53 5.37 1.89 (0.85) 0.61 1.58 1.30
Russell 1000 Growth TR USD 0 X No 128,636$ MassMutual Select Growth Opps A MMAAX 641,239 641,239.34$ (46,789.50) 10% 685,247.00 1,390.92 (13.9) (95,186.11) 686,228.33 (2.21) (15,171.53) 682,311.78 (2.84) (19,348.47) 586,580.47 3.95 928,059.25 299,649.81 4.11 (13.89) (2.21) (6.51) (2.74) (0.50)
Russell 1000 Value TR USD 0 X No 21,974$ Putnam Equity Income A PEYAX 629,123 629,122.69$ 74,961.10 8% 551,921.00 1,120.29 (3.8) (20,896.34) 552,711.40 0.65 549,556.87 (1.01) (5,540.03) 472,451.66 (0.90) (4,258.31) 747,490.16 276,091.05 1.51 (3.79) 0.65 (1.26) (0.67) 1.47
Russell 1000 Value TR USD 0 X No 30,291$ Invesco Comstock A ACSTX 525,527 525,526.52$ 79,389.70 7% (7,011.61) 444,333.00 901.91 0.5 444,969.32 (2.11) (9,375.92) 442,429.72 (4.33) (19,158.50) 380,354.91 2.72 601,779.14 224,658.49 1.39 0.49 (2.11) (2.04) (0.57) 0.30
Russell Mid Cap Growth TR USD 0 X No MassMutual Select Mid Cap Gr Eq II A MEFAX 465,161 465,161.24$ 24,458.39 7% 438,921.00 890.92 (1.8) (7,757.65) 439,549.57 5.57 437,040.90 0.48 375,722.17 (0.30) (1,128.97) 594,449.44 201,947.38 (1.76) (10,449.77) (1.77) 5.57 1.50 0.56 1.11
MSCI EAFE Value GR USD 0 X No MFS International Value R3 MINGX 453,424 453,423.84$ 17,218.18 7% 434,442.00 881.83 (1.7) (7,503.34) 435,064.16 11.69 432,581.09 6.22 371,888.08 3.78 588,383.34 245,367.07 (2.66) (15,641.26) (1.73) 11.69 5.50 3.71 4.52
BBgBarc US Agg Bond TR USD 0 X No 14,417$ Loomis Sayles Strategic Income A NEFZX 414,120 414,120.20$ 31,577.51 6% 380,996.00 773.35 5.6 381,541.62 (8.19) (31,265.83) 379,364.02 (0.32) (1,199.85) 326,137.60 12.90 515,999.14 298,110.43 9.34 5.62 (8.19) (1.18) 3.64 1.66
S&P MidCap 400 TR 0 X Yes 7,313$ MM S&P® Mid Cap Index Adm MDKYX 446,083 446,082.90$ 74,329.83 6% 370,250.00 751.54 (0.7) (2,604.95) 370,780.23 (0.48) (1,791.80) 368,664.05 (0.62) (2,288.81) 316,938.88 (0.78) (2,467.80) 501,445.37 232,328.29 - (0.70) (0.48) (0.60) - -
Russell 2000 Growth TR USD 0 X No 42,604$ ClearBridge Small Cap Growth A SASMX 372,477 372,477.31$ 20,231.11 5% 350,822.00 712.10 (5.6) (19,516.24) 351,324.41 (3.45) (12,127.02) 349,319.27 (2.31) (8,085.34) 300,308.26 1.75 475,133.20 158,520.53 4.31 (5.56) (3.45) (3.75) (1.36) (0.15)
Russell Mid Cap Value TR USD 0 X No 19,529$ RidgeWorth Ceredex Mid-Cap Value Eq A SAMVX 364,730 364,729.57$ 60,244.47 5% 303,254.00 615.55 (0.2) 303,688.29 (1.49) (4,526.75) 301,955.03 (4.05) (12,229.22) 259,589.42 (2.57) (6,678.56) 410,709.83 156,368.25 2.88 (0.17) (1.49) (1.92) (1.12) 1.23
MSCI EAFE NR USD 0 X Yes 4,263$ MM MSCI EAFE® International Index Adm MKRYX 261,752 261,751.72$ 2,294.68 4% 258,408.00 524.52 (0.1) 258,778.06 (0.45) (1,175.23) 257,301.12 (1.00) (2,570.08) 221,200.66 (1.18) (2,601.72) 349,972.98 217,261.91 - (0.11) (0.45) (0.53) - -
Russell 2000 Value TR USD 0 X No 6,323$ JPMorgan Small Cap Value A PSOAX 317,087 317,086.59$ 72,802.90 4% (7,102.37) 243,296.00 493.84 (1.9) (4,568.75) 243,644.42 (0.33) (793.14) 242,253.85 (0.22) 208,264.59 1.64 329,506.15 128,284.20 2.13 (1.88) (0.33) (0.72) 0.23 0.83
MSCI ACWI NR USD 0 X No 41,534$ American Funds New World R3 RNWCX 238,373 238,372.64$ 8,265.27 3% 229,177.00 465.19 (4.3) (9,774.64) 229,505.20 (3.89) (8,933.35) 228,195.33 (8.10) (18,494.48) 196,178.54 (13.11) (25,716.91) 310,384.19 184,267.90 3.26 (4.27) (3.89) (5.42) (5.28) (0.79)
Russell 2000 TR USD 0 X Yes 2,624$ MM Russell 2000® Small Cap Index Adm MCJYX 270,083 270,083.46$ 46,594.86 3% 222,585.00 451.80 (0.4) (927.93) 222,903.76 (0.26) (570.45) 221,631.57 (0.38) (840.84) 190,535.70 (0.69) (1,315.11) 301,456.36 137,631.77 - (0.42) (0.26) (0.35) - -
BBgBarc US Government TR USD 0 X No JPMorgan Government Bond I HLGAX 136,176 136,175.59$ 1,992.06 2% 133,641.00 271.27 0.4 133,832.39 0.16 133,068.56 0.69 114,398.46 (1.02) (1,169.00) 180,995.71 124,801.04 1.52 0.44 0.16 0.43 0.34 0.54
BBgBarc US Agg Bond TR USD 0 X Yes 942$ BlackRock US Total Bond Index Investor A BMOAX 79,343 79,343.24$ 1,734.45 1% 77,295.00 156.89 (0.4) (315.44) 77,405.69 (0.47) (363.83) 76,963.91 (0.34) (262.13) 66,165.54 (0.61) (403.59) 104,683.92 72,071.59 (0.56) (582.46) (0.41) (0.47) (0.41) (0.48) (0.37)
0 #VALUE! #VALUE! 0% - - - - - -
1 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
0 #VALUE! #VALUE! 0% - - - - - -
%
Index
Calc PlanGrader review: ABC, Inc. 401k Plan
FT
Act3yrin
sequence
#
funds
bmck10Patent pending PlanGrader for Lssi, LLC.xlsx
4. Prepared from IRS Forms 5500 filings
by Rick Canipe, EA, MBA
IRS Enrolled Agent 77840; to verify the status,
email epp@irs.gov or call 855.472.5540.
www.Fix401k.com
www.MiraCenter.com
Data from Morningstar.com
Prudent Investor Rule Adherence
“The greater the trustee’s departure from one of the valid passive strategies, the
greater is likely to be the burden of justification and also of continuous monitoring.”
Federal regulation 2550.408b-2 requires reviewing providers to determine they bring value and are "necessary." Federal regulation 2550.404a-5 requires
disclosures to investors so they can evaluate performance versus benchmarks. This document was produced to aid in these efforts.
ABC, Inc. 401k PlanAmerican Law Institute Prudent Investor Rule
"...emphasizes a duty to diversify, the avoidance of unjustified costs, and the
importance of evaluating the portfolio as a whole…"
35% In 2016, what percent of the whole trust
was invested in lagging funds?
Supreme Court May 18, 2015 Ruling
Yes In 2016, were >50% of assets invested in
passive institutional shares?
The Third Restatement of Trusts
Values below are based on public sources (audits & 5500 Annual Reports)--this can ensure Participants' gains/losses per 29 CFR 2550.404a-5 are correct
$ Lag 2012 2013 2014 2015 2016 2017Q1 TOTAL LAG
"Under trust law, a trustee has a continuing duty to monitor trust investments and
remove imprudent ones."
65% What % of the investment menu met or
beat their benchmarks in 2016?
-$1,278 -$31,227-$3,394 -$4,057 -$10,333 -$3,247 -$8,920
TOTAL PAID
$274,151 $722,678 $1,532,565 $1,111,325 ? ? $ 3,640,719
Distributions
2012 2013 2014 2015 2016 2017Q1
-35%
-29%
-21%
-25%
-40%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
2016 2015 3 YEAR 5 YEAR
% of Funds Lagging Benchmarks
(888)PlanLag www.FundLag.com
AVG. % COST/YR
+/- BENCHMARKS 2014-
2016
-0.16% -0.16%
Participants' Investment Cost v. Return
Comparison
Prepared using this plan's most recent public
IRS/DOL Forms 5500 at www.dol.gov/efast
Presented _______________
by R. Canipe, J. Holland or approved advisor
5. Prepared from IRS Forms 5500 filings
by Rick Canipe, EA, MBA
IRS Enrolled Agent 77840; to verify the status,
email epp@irs.gov or call 855.472.5540.
www.Fix401k.com
www.MiraCenter.com
Data from Morningstar.com
Prepared using this plan's most recent public
IRS/DOL Forms 5500 at www.dol.gov/efast
Presented _______________
by R. Canipe, J. Holland or approved advisor