Retirement plan

FIRSTLIGHT FIBER, INC. 401K PLAN

Name: FIRSTLIGHT FIBER, INC. - FIRSTLIGHT FIBER, INC. 401K PLAN (2023) Form 5500
Creator: FIRSTLIGHT FIBER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRSTLIGHT FIBER, INC. 401K PLAN, FIRSTLIGHT FIBER, INC.

FIRSTLIGHT FIBER, INC.EIN 01-0656735Plan #001PY 2023

12 METRO PARK ROAD - ALBANY, NY 12205315-940-5907

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$67.6M

+13.8% from 2022

Total participants

853

-9.4% from 2022

Average account balance

$84,194

+20.6% from 2022

Annual return

17.16%

+33.30 pp from 2022

Benchmarks

See 601 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort601 peers

Snapshot2023

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
DANIEL H. COOK ASSOCIATES, INC3 years Filed as: DANIEL A MONTE - SAGE TREE WEALTH Service code 27 10 EAST CHURCH STREET · FAIRPORT, NY 14450	Advisory (Plan)	$76,296
EPLAN ADVISORS, LLC3 years Filed as: EPLAN SERVICES, LLC Service code 17 · EIN 36-1543746	Pension Consulting	$74,821

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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$196K

$377 / participant

Investment mgmt$151K77.2%
Contract admin$45K22.8%

% of EOY assets

0.290%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BST & CO. CPAS LLP
Auditor EIN: 141442607
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,194

$89,282-5.7%

$94,672-11.1%

$74,473+13.1%

Participation rate

90.4%

82.4%+8.0pp

80.8%+9.6pp

70.7%+19.6pp

Annual return

17.16%

25.96%-8.8pp

156.89%-139.7pp

34.36%-17.2pp

Employer contribution / active EE

$3,614

$3,022+19.6%

$3,673-1.6%

$2,638+37.0%

Participant deferral / active EE

$8,016

$8,425-4.8%

$7,417+8.1%

$4,530+77.0%

Admin fee / account holder

$244

$219+11.5%

$7,222-96.6%

$347-29.7%

Provider

Service type

Compensation

DANIEL H. COOK ASSOCIATES, INC3 years

Filed as: DANIEL A MONTE - SAGE TREE WEALTH

Service code 27

10 EAST CHURCH STREET · FAIRPORT, NY 14450

Advisory (Plan)

$76,296

EPLAN ADVISORS, LLC3 years

Filed as: EPLAN SERVICES, LLC

Service code 17 · EIN 36-1543746

Pension Consulting

$74,821

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