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 (2017) 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 2017

41 STATE STREET - ALBANY, NY 12207207-333-3455

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$32.6M

+503.2% from 2016

Total participants

545

+163.3% from 2016

Average account balance

$63,008

+57.2% from 2016

Annual return

485.10%

+475.84 pp from 2016

Benchmarks

See 512 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort512 peers

Snapshot2017

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, LLC3+ years Service code 17 · EIN 36-1543746	Pension Consulting	$36,157
HARBOR2 years Filed as: HARBOR CAPITAL ADVISORY SERVICES Service code 27 10 EAST CHURCH STREET · FAIRPORT, NY 14450	Advisory (Plan)	$23,618

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

$79K

$184 / participant

Investment mgmt$60K75.4%
Contract admin$20K24.6%

% of EOY assets

0.243%

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

$63,008

$65,592-3.9%

$90,161-30.1%

$69,631-9.5%

Participation rate

93.7%

77.6%+16.1pp

76.9%+16.8pp

70.7%+23.0pp

Annual return

485.10%

57.10%+428.0pp

34.89%+450.2pp

27571.02%-27085.9pp

Employer contribution / active EE

$1,652

$2,193-24.7%

$3,318-50.2%

$2,032-18.7%

Participant deferral / active EE

$3,288

$5,257-37.4%

$5,287-37.8%

$3,224+2.0%

Admin fee / account holder

$153

$86+78.7%

$5,943-97.4%

$110+38.6%

Provider

Service type

Compensation

EPLAN ADVISORS, LLC3+ years

Service code 17 · EIN 36-1543746

Pension Consulting

$36,157

HARBOR2 years

Filed as: HARBOR CAPITAL ADVISORY SERVICES

Service code 27

10 EAST CHURCH STREET · FAIRPORT, NY 14450

Advisory (Plan)

$23,618

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