Retirement plan

THE SOUNDCOAT COMPANY, INC. EMPLOYEES PROFIT SHARING PLAN

Name: THE SOUNDCOAT COMPANY, INC. - THE SOUNDCOAT COMPANY, INC. EMPLOYEES PROFIT SHARING PLAN (2020) 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 2020

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)

$13.9M

+10.7% from 2019

Total participants

124

+2.5% from 2019

Average account balance

$115,991

+10.7% from 2019

Annual return

12.79%

-7.58 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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 INC5 years Filed as: TBS AGENCY, INC. Service code 55 1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 52556	Other Commissions	$15,395
VOYA RETIREMENT INSURANCE & ANNUITY6+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$4,614

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

$3K

$25 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.018%

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

$115,991

$73,638+57.5%

$95,964+20.9%

$73,497+57.8%

Participation rate

96.0%

76.2%+19.9pp

77.1%+19.0pp

70.7%+25.4pp

Annual return

12.79%

16.78%-4.0pp

91.64%-78.9pp

28.51%-15.7pp

Employer contribution / active EE

$4,739

$1,863+154.4%

$2,541+86.5%

$2,270+108.8%

Participant deferral / active EE

$3,448

$3,617-4.7%

$4,167-17.3%

$3,740-7.8%

Admin fee / account holder

$21

$482-95.6%

$6,797-99.7%

$513-95.8%

Provider

Service type

Compensation

TBS AGENCY INC5 years

Filed as: TBS AGENCY, INC.

Service code 55

1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 52556

Other Commissions

$15,395

VOYA RETIREMENT INSURANCE & ANNUITY6+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$4,614

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