Retirement plan

THE SOUNDCOAT COMPANY, INC. EMPLOYEES' PROFIT SHARING PLAN

Name: THE SOUNDCOAT COMPANY, INC. - THE SOUNDCOAT COMPANY, INC. EMPLOYEES' PROFIT SHARING PLAN (2018) 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 2018

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$10.7M

-6.9% from 2017

Total participants

121

-8.3% from 2017

Average account balance

$89,256

+0.8% from 2017

Annual return

-3.46%

-19.01 pp from 2017

Benchmarks

See 14,948 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,948 peers

Snapshot2018

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 2 by compensation

Provider	Service type	Compensation
TBS AGENCY INC3 years Filed as: TBS AGENCY, INC. Service code 55 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Other Commissions	$18,125
VOYA RETIREMENT INSURANCE & ANNUITY4+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$5,465

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

$4K

$41 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.036%

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

$89,256

$62,583+42.6%

$76,767+16.3%

$64,173+39.1%

Participation rate

98.9%

72.8%+26.1pp

77.0%+22.0pp

69.6%+29.4pp

Annual return

-3.46%

-1.95%-1.5pp

2.43%-5.9pp

7.63%-11.1pp

Employer contribution / active EE

$3,451

$1,832+88.4%

$2,485+38.9%

$2,381+45.0%

Participant deferral / active EE

$3,710

$3,145+18.0%

$3,852-3.7%

$3,470+6.9%

Admin fee / account holder

$33

$4,667-99.3%

$6,675-99.5%

$4,887-99.3%

Provider

Service type

Compensation

TBS AGENCY INC3 years

Filed as: TBS AGENCY, INC.

Service code 55

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Other Commissions

$18,125

VOYA RETIREMENT INSURANCE & ANNUITY4+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$5,465

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