Retirement plan

TVC ALBANY, INC. DBA FIRSTLIGHT FIBER 401K PLAN

Name: TVC ALBANY, INC. DBA FIRSTLIGHT FIB - TVC ALBANY, INC. DBA FIRSTLIGHT FIBER 401K PLAN (2015) Form 5500
Creator: TVC ALBANY, INC. DBA FIRSTLIGHT FIB
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TVC ALBANY, INC. DBA FIRSTLIGHT FIBER 401K PLAN, TVC ALBANY, INC. DBA FIRSTLIGHT FIB

TVC ALBANY, INC. DBA FIRSTLIGHT FIBEIN 01-0656735Plan #001PY 2015

41 STATE STREET - ALBANY, NY 12207518-598-0900

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.6M

No prior year

Total participants

133

No prior year

Average account balance

$37,497

No prior year

Annual return

0.26%

No prior year

Benchmarks

See 825 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort825 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$73.13M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

654

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+10.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$145

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 2 by compensation

Provider	Service type	Compensation
EPLAN ADVISORS, LLC1+ years Service code 17 · EIN 84-1543749	Pension Consulting	$21,991
FRANK M. VACCARO & ASSOCIATES1+ years Filed as: FRANK MONTE Service code 61 10 EAST CHURCH STREET · FAIRPORT, NY 14450	Finders' fees / placement fees	$9,961

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$34K

$310 / participant

Investment mgmt$32K92.7%
Contract admin$3K7.3%

% of EOY assets

0.753%

all-in expense ratio

Categories reported

2 / 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: BST & CO. CPAS, LLP
Auditor EIN: 141442607
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,497

$48,313-22.4%

$73,309-48.9%

$52,331-28.3%

Participation rate

90.1%

68.6%+21.5pp

74.9%+15.2pp

68.1%+22.0pp

Annual return

0.26%

3.85%-3.6pp

5.67%-5.4pp

4.54%-4.3pp

Employer contribution / active EE

$2,698

$1,661+62.4%

$3,237-16.6%

$1,882+43.4%

Participant deferral / active EE

$5,537

$4,189+32.2%

$4,991+10.9%

$3,022+83.2%

Admin fee / account holder

$282

$404-30.1%

$5,635-95.0%

$592-52.3%

Provider

Service type

Compensation

EPLAN ADVISORS, LLC1+ years

Service code 17 · EIN 84-1543749

Pension Consulting

$21,991

FRANK M. VACCARO & ASSOCIATES1+ years

Filed as: FRANK MONTE

Service code 61

10 EAST CHURCH STREET · FAIRPORT, NY 14450

Finders' fees / placement fees

$9,961

TVC ALBANY, INC. DBA FIRSTLIGHT FIBER 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TVC ALBANY, INC. DBA FIRSTLIGHT FIBER 401K 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