Retirement plan

FIRSTLIGHT FIBER, INC. 401K PLAN

Name: FIRSTLIGHT FIBER, INC. 401K PLAN - FIRSTLIGHT FIBER, INC. 401K PLAN (2019) Form 5500
Creator: FIRSTLIGHT FIBER, INC. 401K PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRSTLIGHT FIBER, INC. 401K PLAN, FIRSTLIGHT FIBER, INC. 401K PLAN

FIRSTLIGHT FIBER, INC. 401K PLANEIN 01-0656735Plan #001PY 2019

41 STATE STREET - ALBANY, NY 12207207-333-3426

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$44.5M

+42.1% from 2018

Total participants

771

+34.8% from 2018

Average account balance

$62,738

+8.0% from 2018

Annual return

35.41%

+39.40 pp from 2018

Benchmarks

See 531 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort531 peers

Snapshot2019

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 3 by compensation

Provider	Service type	Compensation
EPLAN ADVISORS, LLC5+ years Service code 17 · EIN 36-1543746	Pension Consulting	$49,368
DANIEL H. COOK ASSOCIATES, INC1 year Filed as: DANIEL MONTE Service code 27 10 EAST CHURCH STREET · FAIRPORT, NY 14450	Advisory (Plan)	$45,449
HARBOR4 years Filed as: HARBOR CAPITAL ADVISORY SERVICES Service code 27 10 EAST CHURCH STREET · FAIRPORT, NY 14450	Advisory (Plan)	$13,046

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

$113K

$201 / participant

Investment mgmt$108K95.6%
Contract admin$5K4.4%

% of EOY assets

0.254%

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: GARMONT INTERNATIONAL NORTH AMERICA
Auditor EIN: 141442607
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,738

$69,231-9.4%

$91,994-31.8%

$67,582-7.2%

Participation rate

88.9%

78.9%+10.0pp

78.6%+10.3pp

71.3%+17.6pp

Annual return

35.41%

32.03%+3.4pp

69.04%-33.6pp

378.57%-343.2pp

Employer contribution / active EE

$2,500

$2,284+9.4%

$3,453-27.6%

$2,148+16.4%

Participant deferral / active EE

$5,254

$5,854-10.2%

$5,924-11.3%

$3,539+48.4%

Admin fee / account holder

$159

$107+48.1%

$7,744-97.9%

$142+11.8%

Provider

Service type

Compensation

EPLAN ADVISORS, LLC5+ years

Service code 17 · EIN 36-1543746

Pension Consulting

$49,368

DANIEL H. COOK ASSOCIATES, INC1 year

Filed as: DANIEL MONTE

Service code 27

10 EAST CHURCH STREET · FAIRPORT, NY 14450

Advisory (Plan)

$45,449

HARBOR4 years

Filed as: HARBOR CAPITAL ADVISORY SERVICES

Service code 27

10 EAST CHURCH STREET · FAIRPORT, NY 14450

Advisory (Plan)

$13,046

FIRSTLIGHT FIBER, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRSTLIGHT FIBER, INC. 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