Retirement plan

SYNERON CANDELA 401(K) PLAN

Name: SYNERON CANDELA CORPORATION - SYNERON CANDELA 401(K) PLAN (2018) Form 5500
Creator: SYNERON CANDELA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYNERON CANDELA 401(K) PLAN, SYNERON CANDELA CORPORATION

SYNERON CANDELA CORPORATIONEIN 04-2477008Plan #001PY 2018

530 BOSTON POST ROAD - WAYLAND, MA 01778774-294-0171

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$31.2M

-0.7% from 2017

Total participants

570

+7.8% from 2017

Average account balance

$59,670

-9.6% from 2017

Annual return

-4.05%

-22.07 pp from 2017

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$67.80M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

628

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+14.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$204

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
COMMONWEALTH FINANCIAL NETWORK3 years Service code 27 · EIN 04-2675571	Advisory (Plan)	$54,021
TAWNEY, PLLC1 year Service code 10 · EIN 46-4585449	Accounting	$11,598
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	-$780

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$65K

$161 / participant

Other / not subdivided$65K100.0%

% of EOY assets

0.208%

all-in expense ratio

Categories reported

0 / 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: TAWNEY, PLLC
Auditor EIN: 464585449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,670

$65,118-8.4%

$76,767-22.3%

$55,725+7.1%

Participation rate

88.3%

79.6%+8.7pp

77.0%+11.3pp

70.9%+17.5pp

Annual return

-4.05%

-1.27%-2.8pp

2.43%-6.5pp

244.93%-249.0pp

Employer contribution / active EE

$2,766

$1,941+42.5%

$2,485+11.3%

$2,078+33.1%

Participant deferral / active EE

$8,627

$3,688+133.9%

$3,852+124.0%

$3,356+157.1%

Admin fee / account holder

$124

$116+7.0%

$6,675-98.1%

$115+7.6%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK3 years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$54,021

TAWNEY, PLLC1 year

Service code 10 · EIN 46-4585449

Accounting

$11,598

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$780

SYNERON CANDELA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYNERON CANDELA 401(K) 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