Retirement plan

SONALYSTS, INC. RETIREMENT AND SAVINGS PLAN

Name: SONALYSTS, INC. - SONALYSTS, INC. RETIREMENT AND SAVINGS PLAN (2019) Form 5500
Creator: SONALYSTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SONALYSTS, INC. RETIREMENT AND SAVINGS PLAN, SONALYSTS, INC.

SONALYSTS, INC.EIN 06-0902362Plan #003PY 2019

P.O. BOX 280 - WATERFORD, CT 06385860-442-4355sonalysts.comLinkedIn201-500 employeesdefense & space

Other plans on this EIN

1 filing

#002Retirement-$78.2M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$120.6M

+3.3% from 2018

Total participants

613

+1.0% from 2018

Average account balance

$199,379

+2.0% from 2018

Annual return

11.18%

+6.47 pp from 2018

Benchmarks

See 2,853 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,853 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$145.72M

Not enough data

1 years with asset history on file

Average account balance

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

$242K

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.

602

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+17.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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
THE VANGUARD GROUP, INC.4+ years Filed as: THE VANGUARD GROUP Service code 21 P.O. BOX 2900 · VALLEY FORGE, PA 19087	Bank Trustee	$32,680
COHNREZNICK LLP4+ years Filed as: COHNREZNICK Service code 10 350 CHURCH STREET · HARTFORD, CT 06103	Accounting	$13,185

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

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

$46K

$138 / participant

Contract admin$33K71.3%
Other / not subdivided$13K28.7%

% of EOY assets

0.038%

all-in expense ratio

Categories reported

1 / 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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$199,379

$88,122+126.3%

$141,191+41.2%

$67,579+195.0%

Participation rate

97.6%

76.5%+21.1pp

82.5%+15.1pp

71.3%+26.3pp

Annual return

11.18%

75.40%-64.2pp

71.41%-60.2pp

378.56%-367.4pp

Employer contribution / active EE

$2,474

$3,224-23.3%

$4,736-47.8%

$2,148+15.2%

Participant deferral / active EE

$9,423

$5,958+58.2%

$6,710+40.4%

$3,539+166.2%

Admin fee / account holder

$76

$131-42.1%

$10,264-99.3%

$142-46.7%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.4+ years

Filed as: THE VANGUARD GROUP

Service code 21

P.O. BOX 2900 · VALLEY FORGE, PA 19087

Bank Trustee

$32,680

COHNREZNICK LLP4+ years

Filed as: COHNREZNICK

Service code 10

350 CHURCH STREET · HARTFORD, CT 06103

Accounting

$13,185

SONALYSTS, INC. RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SONALYSTS, INC. RETIREMENT AND SAVINGS 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