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 (2016) 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 2016

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5.4M

+18.3% from 2015

Total participants

207

+55.6% from 2015

Average account balance

$40,083

+6.9% from 2015

Annual return

9.26%

+9.00 pp from 2015

Benchmarks

See 837 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort837 peers

Snapshot2016

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, LLC2+ years Service code 17 · EIN 84-1543749	Pension Consulting	$24,773
HARBOR1 year Filed as: HARBOR CAPITAL ADVISORY SERVICES Service code 27 10 EAST CHURCH · FAIRPORT, NY 14450	Advisory (Plan)	$12,032

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$39K

$222 / participant

Investment mgmt$37K93.8%
Contract admin$2K6.2%

% of EOY assets

0.725%

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

$40,083

$51,244-21.8%

$80,977-50.5%

$55,167-27.3%

Participation rate

59.3%

71.7%-12.4pp

75.8%-16.5pp

69.0%-9.7pp

Annual return

9.26%

17.39%-8.1pp

17.11%-7.8pp

169.23%-160.0pp

Employer contribution / active EE

$1,869

$1,770+5.6%

$3,715-49.7%

$1,963-4.8%

Participant deferral / active EE

$3,784

$4,418-14.3%

$5,696-33.6%

$3,054+23.9%

Admin fee / account holder

$291

$398-27.0%

$5,517-94.7%

$504-42.3%

Provider

Service type

Compensation

EPLAN ADVISORS, LLC2+ years

Service code 17 · EIN 84-1543749

Pension Consulting

$24,773

HARBOR1 year

Filed as: HARBOR CAPITAL ADVISORY SERVICES

Service code 27

10 EAST CHURCH · FAIRPORT, NY 14450

Advisory (Plan)

$12,032

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