Retirement plan

SKILLSOFT CORPORATION 401(K) PROFIT SHARING PLAN

Name: SKILLSOFT CORPORATION - SKILLSOFT CORPORATION 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: SKILLSOFT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SKILLSOFT CORPORATION 401(K) PROFIT SHARING PLAN, SKILLSOFT CORPORATION

SKILLSOFT CORPORATIONEIN 02-0496115Plan #001PY 2015

107 NORTHEASTERN BOULEVARD - NASHUA, NH 03062603-821-3491skillsoft.comLinkedIn1001-5000 employeese-learning

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$129M

No prior year

Total participants

2,346

No prior year

Average account balance

$72,560

No prior year

Annual return

36.55%

No prior year

Benchmarks

See 568 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort568 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$216.17M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

1,817

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.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+21.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$158

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
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL LLC Service code 27 PO BOX 502533 · SAN DIEGO, CA 921502533	Advisory (Plan)	$123,730
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$12,398
QDRO CONSULTANTS COMPANY, LLC1+ years Filed as: QDRO CONSULTANTS CO LLC Service code 15 3071 PEARL ROAD · MEDINA, OH 44256	Recordkeeping	$600

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$98K

$50 / participant

Investment mgmt$85K86.6%
Contract admin$13K12.7%
Other / not subdivided$6000.6%

% of EOY assets

0.076%

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: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,560

$86,791-16.4%

$115,038-36.9%

$59,188+22.6%

Participation rate

71.2%

72.8%-1.6pp

81.4%-10.2pp

69.4%+1.8pp

Annual return

36.55%

4.44%+32.1pp

26.14%+10.4pp

5.51%+31.0pp

Employer contribution / active EE

$955

$2,950-67.6%

$4,608-79.3%

$2,098-54.5%

Participant deferral / active EE

$4,227

$5,298-20.2%

$6,026-29.9%

$3,265+29.5%

Admin fee / account holder

$55

$95-41.7%

$8,175-99.3%

$92-40.0%

Provider

Service type

Compensation

LPL FINANCIAL1+ years

Filed as: LPL FINANCIAL LLC

Service code 27

PO BOX 502533 · SAN DIEGO, CA 921502533

Advisory (Plan)

$123,730

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$12,398

QDRO CONSULTANTS COMPANY, LLC1+ years

Filed as: QDRO CONSULTANTS CO LLC

Service code 15

3071 PEARL ROAD · MEDINA, OH 44256

Recordkeeping

$600

SKILLSOFT CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SKILLSOFT CORPORATION 401(K) PROFIT SHARING 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