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Retirement plan

SANDIA CORPORATION SAVINGS AND INCOME PLAN

SANDIA CORPORATIONEIN 85-0097942Plan #008PY 2015
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PO BOX 5800, MAIL STOP 1382 - ALBUQUERQUE, NM 871851382505-845-8350LinkedIn10001+ employeesveterinary
Other plans on this EIN
1 filing
#006Retirement-$5.48B assets
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
TIMOTHY C. KNEWITZ
Signed 10/12/2016
(505) 845-8350
Plan administrator signer
LEAH MITCHELL
Signed 10/12/2016
Plan administrator entity
EMPLOYEE BENEFITS COMMITTEE OF SANDIA CORPORATION
EIN 850097942
How to read this page

Summary metrics

Total assets (EOY)
$3088.2M
-7.7% from 2016
Total participants
14,084
-0.2% from 2016
Average account balance
$228,570
-6.2% from 2016
Annual return
2.11%
-5.66 pp from 2016

Benchmarks

See 60 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants>=10,000
Cohort60 peers
Snapshot2015
Participant deferral / active EE
$10,143
median $3,624
Employer contribution / active EE
$5,683
median $1,321
Participation rate
95.1%
median 68.9%
Avg account balance
$228,570
median $44,171
Admin fee / account holder
$238
median $63
Annual return
2.11%
median 1.09%
Overall peer rank
74th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$7.25B
Average account balance
Total assets / participants with a balance (line 6g)
$372K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
19,472
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.4%
Contributions (total)
Employer and participant dollars contributed each year
$453.44M
Contributions per participant
Average employer and participant contribution per enrolled participant
$28K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+18.34%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$206
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
FINANCIAL ENGINES1+ years
Service code 26 · EIN 77-0473565
Advisory (Participants)
$1,042,713
FIDELITY INVESTMENTS INSTITUTIONAL1+ years
Service code 15 · EIN 04-2647786
Recordkeeping
$385,323
SANDIA CORPORATION1+ years
Service code 14 · EIN 85-0097942
Plan Administrator
$290,458

Top hat statement on fileNQDC

Filed April 27, 1

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2G2J2K2E2F3F3H2A2T
Plan features
  • 2A
    Age/service weighted or new comparability plan
    Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
  • 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.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 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

1 tripped
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$3.2M
$275 / participant
  • Investment mgmt$3M78.9%
  • Other / not subdivided$676K21.1%
% of EOY assets
0.104%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
MITCHELL & TITUS, LLP
Auditor EIN
132781641
Audit fees
(not subdivided)
Opinion code
Unqualified