Retirement plan

NORTH ATLANTIC COMMUNICATIONS, INC. PROFIT SHARING

Name: NORTH ATLANTIC COMMUNICATIONS - NORTH ATLANTIC COMMUNICATIONS, INC. PROFIT SHARING (2018) Form 5500
Creator: NORTH ATLANTIC COMMUNICATIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH ATLANTIC COMMUNICATIONS, INC. PROFIT SHARING, NORTH ATLANTIC COMMUNICATIONS

NORTH ATLANTIC COMMUNICATIONSEIN 11-2550076Plan #001PY 2018

1600 CALEB PATH, SUITE 205 - HAUPPAUGE, NY 11788516-756-9000northshoretelecom.comLinkedIn11-50 employeestelecommunications

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.9M

-3.4% from 2017

Total participants

0.0% from 2017

Average account balance

$210,134

+18.1% from 2017

Annual return

-2.70%

-7.80 pp from 2017

Benchmarks

See 8,369 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort8,369 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.19M

Not enough data

1 years with asset history on file

Average account balance

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

$170K

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.

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+8.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135438

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D2E

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$82K

$9120 / participant

Other / not subdivided$82K100.0%

% of EOY assets

4.340%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$210,134

$97,020+116.6%

$83,327+152.2%

$135,380+55.2%

Participation rate

77.8%

80.4%-2.6pp

77.8%0pp

82.6%-4.9pp

Annual return

-2.70%

12.31%-15.0pp

10.64%-13.3pp

519.81%-522.5pp

Employer contribution / active EE

$2,819

$4,144-32.0%

$3,379-16.6%

$4,779-41.0%

Participant deferral / active EE

$147

$5,964-97.5%

$5,565-97.4%

$5,609-97.4%

Admin fee / account holder

$9,120

$8,426+8.2%

$7,540+20.9%

$10,828-15.8%

NORTH ATLANTIC COMMUNICATIONS, INC. PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH ATLANTIC COMMUNICATIONS, INC. PROFIT SHARING

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