Retirement plan

THE SOUNDCOAT COMPANY, INC. EMPLOYEES PROFIT SHARING PLAN

Name: THE SOUNDCOAT COMPANY, INC. - THE SOUNDCOAT COMPANY, INC. EMPLOYEES PROFIT SHARING PLAN (2024) Form 5500
Creator: THE SOUNDCOAT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SOUNDCOAT COMPANY, INC. EMPLOYEES PROFIT SHARING PLAN, THE SOUNDCOAT COMPANY, INC.

THE SOUNDCOAT COMPANY, INC.EIN 13-2558258Plan #002PY 2024

1 BURT DRIVE - DEER PARK, NY 117295701631-242-2200soundcoat.comLinkedIn1-10 employeesconsumer goods

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$14.8M

+10.6% from 2023

Total participants

114

-2.6% from 2023

Average account balance

$132,995

+11.6% from 2023

Annual return

13.32%

-2.10 pp from 2023

Benchmarks

See 14,154 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.76M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

111

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$447K

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

+13.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26

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 1 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY10+ years Service code 27 · EIN 71-0294708	Advisory (Plan)	$6,339

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

$3K

$35 / participant

Investment mgmt$2K67.2%
Contract admin$68024.0%
Other / not subdivided$2508.8%

% of EOY assets

0.019%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRASSI & CO., CPA'S
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,995

$86,949+53.0%

$102,460+29.8%

$80,959+64.3%

Participation rate

96.3%

72.4%+24.0pp

76.5%+19.8pp

67.7%+28.7pp

Annual return

13.32%

18.89%-5.6pp

29.47%-16.1pp

35.67%-22.3pp

Employer contribution / active EE

$1,503

$2,370-36.6%

$3,025-50.3%

$2,757-45.5%

Participant deferral / active EE

$3,949

$4,121-4.2%

$5,056-21.9%

$4,300-8.2%

Admin fee / account holder

$26

$8,048-99.7%

$9,460-99.7%

$6,925-99.6%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY10+ years

Service code 27 · EIN 71-0294708

Advisory (Plan)

$6,339

THE SOUNDCOAT COMPANY, INC. EMPLOYEES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SOUNDCOAT COMPANY, INC. EMPLOYEES PROFIT SHARING 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