Retirement plan

THE SOUNDCOAT COMPANY, INC. EMPLOYEES' PROFIT SHARING PLAN

Name: THE SOUNDCOAT COMPANY, INC. - THE SOUNDCOAT COMPANY, INC. EMPLOYEES' PROFIT SHARING PLAN (2016) 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 2016

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.8M

+8.8% from 2015

Total participants

132

+1.5% from 2015

Average account balance

$76,749

+7.1% from 2015

Annual return

8.06%

+7.39 pp from 2015

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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 3 by compensation

Provider	Service type	Compensation
S B H U AGENCY INC1 year Filed as: BS AGENCY, INC. Service code 55	Other Commissions	$14,455
VOYA RETIREMENT INSURANCE & ANNUITY2+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$1,173
TBS AGENCY INC1 year Filed as: TBS AGENCY, INC. Service code 55 1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 52556	Other Commissions	$0

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$1K

$13 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,749

$60,349+27.2%

$74,184+3.5%

$62,881+22.1%

Participation rate

95.9%

72.7%+23.2pp

76.6%+19.3pp

69.3%+26.6pp

Annual return

8.06%

21.38%-13.3pp

17.74%-9.7pp

20.14%-12.1pp

Employer contribution / active EE

$388

$1,680-76.9%

$2,370-83.6%

$2,281-83.0%

Participant deferral / active EE

$2,657

$2,856-7.0%

$3,550-25.1%

$3,203-17.0%

Admin fee / account holder

$10

$4,261-99.8%

$5,586-99.8%

$4,296-99.8%

Provider

Service type

Compensation

S B H U AGENCY INC1 year

Filed as: BS AGENCY, INC.

Service code 55

Other Commissions

$14,455

VOYA RETIREMENT INSURANCE & ANNUITY2+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$1,173

TBS AGENCY INC1 year

Filed as: TBS AGENCY, INC.

Service code 55

1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 52556

Other Commissions

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