Retirement plan

NORTH ATLANTIC COMMUNICATIONS, INC. PROFIT SHARING

Name: NORTH ATLANTIC COMMUNICATIONS - NORTH ATLANTIC COMMUNICATIONS, INC. PROFIT SHARING (2022) 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 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1.9M

+8.5% from 2021

Total participants

+10.0% from 2021

Average account balance

$186,186

-2.4% from 2021

Annual return

3.02%

-5.58 pp from 2021

Benchmarks

See 10,388 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort10,388 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.42M

Not enough data

1 years with asset history on file

Average account balance

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

$178K

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

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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 codes2F2E2G2T3D

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$75

$8 / participant

Other / not subdivided$75100.0%

% of EOY assets

0.004%

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: -

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$186,186

$99,640+86.9%

$86,436+115.4%

$134,475+38.5%

Participation rate

88.9%

82.0%+6.8pp

80.3%+8.6pp

81.2%+7.7pp

Annual return

3.02%

6782.58%-6779.6pp

4394.89%-4391.9pp

417.96%-414.9pp

Employer contribution / active EE

$1,689

$4,400-61.6%

$3,769-55.2%

$4,740-64.4%

Participant deferral / active EE

$8,726

$7,246+20.4%

$6,952+25.5%

$6,400+36.3%

Admin fee / account holder

$8,371-99.9%

$6,731-99.9%

$11,426-99.9%

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