Retirement plan

ATLANTIC TOMORROWSOFFICE 401(K) PLAN

Name: FACSIMILE COMMUNICATIONS INDUSTRIES, INC. - ATLANTIC TOMORROWSOFFICE 401(K) PLAN (2019) Form 5500
Creator: FACSIMILE COMMUNICATIONS INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATLANTIC TOMORROWSOFFICE 401(K) PLAN, FACSIMILE COMMUNICATIONS INDUSTRIES, INC.

FACSIMILE COMMUNICATIONS INDUSTRIES, INC.dba ATLANTIC TOMORROWSOFFICEEIN 13-1947545Plan #002PY 2019

134 W 26TH ST - NEW YORK, NY 100016803212-741-6400

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$26.3M

+30.4% from 2018

Total participants

664

+3.9% from 2018

Average account balance

$42,386

+22.0% from 2018

Annual return

25.92%

+30.28 pp from 2018

Benchmarks

See 2,415 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,415 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.18M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

418

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$430

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 FINANCIAL4 years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236	Other Services	$49,349
INDEPENDENT FINANCIAL PARTNERS1 year Service code 49 · EIN 59-3331424	Other Services	$14,855
THE VANGUARD GROUP, INC.3 years Service code 13 · EIN 23-1945930	Contract Administrator	$10,450

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$74K

$162 / participant

Investment mgmt$74K100.0%

% of EOY assets

0.282%

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: KRS CPAS, LLC
Auditor EIN: 202002973
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,386

$73,404-42.3%

$87,103-51.3%

$67,582-37.3%

Participation rate

90.6%

80.9%+9.7pp

76.9%+13.7pp

71.3%+19.3pp

Annual return

25.92%

48.29%-22.4pp

28.19%-2.3pp

378.57%-352.7pp

Employer contribution / active EE

$2,014-100.0%

$2,521-100.0%

$2,148-100.0%

Participant deferral / active EE

$4,101

$3,913+4.8%

$4,049+1.3%

$3,539+15.9%

Admin fee / account holder

$119

$142-15.7%

$7,491-98.4%

$142-16.1%

Provider

Service type

Compensation

LPL FINANCIAL4 years

Filed as: LPL FINANCIAL LLC

Service code 49 · EIN 95-2834236

Other Services

$49,349

INDEPENDENT FINANCIAL PARTNERS1 year

Service code 49 · EIN 59-3331424

Other Services

$14,855

THE VANGUARD GROUP, INC.3 years

Service code 13 · EIN 23-1945930

Contract Administrator

$10,450

ATLANTIC TOMORROWSOFFICE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATLANTIC TOMORROWSOFFICE 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