Retirement plan

PICO ELECTRONICS, INC. PROFIT SHARING PLAN

Name: PICO ELECTRONICS, INC. - PICO ELECTRONICS, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: PICO ELECTRONICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PICO ELECTRONICS, INC. PROFIT SHARING PLAN, PICO ELECTRONICS, INC.

PICO ELECTRONICS, INC.EIN 13-2589935Plan #002PY 2020

143 SPARKS AVENUE - PELHAM, NY 108031837914-738-1400picoelectronics.comLinkedIn11-50 employeesutilities

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$19.4M

+4.2% from 2019

Total participants

325

+1.9% from 2019

Average account balance

$59,741

+2.3% from 2019

Annual return

10.82%

-4.53 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

$18.07M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

324

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$755K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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
FIRST REPUBLIC INVESTMENT MGMT6+ years Filed as: FIRST REPUBLIC SECURITIES COMPANY Service code 21 1230 AVENUE OF THE AMERICAS · NEW YORK, NY 10020	Bank Trustee	$177,725
NATIONWIDE2 years Filed as: NATIONWIDE LIFE INSURANCE Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$4,676

Plan features & details

Pension benefit codes2A2E2F2H2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$182K

$862 / participant

Investment mgmt$182K99.9%
Other / not subdivided$1690.1%

% of EOY assets

0.937%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FLAHERTY SALMIN CPAS
Auditor EIN: 161451346
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,741

$73,638-18.9%

$95,964-37.7%

$73,497-18.7%

Participation rate

100.0%

76.2%+23.8pp

77.1%+22.9pp

70.7%+29.3pp

Annual return

10.82%

16.78%-6.0pp

91.64%-80.8pp

28.51%-17.7pp

Employer contribution / active EE

$2,221

$1,863+19.2%

$2,541-12.6%

$2,270-2.1%

Participant deferral / active EE

$442

$3,617-87.8%

$4,167-89.4%

$3,740-88.2%

Admin fee / account holder

$560

$482+16.1%

$6,797-91.8%

$513+9.1%

Provider

Service type

Compensation

FIRST REPUBLIC INVESTMENT MGMT6+ years

Filed as: FIRST REPUBLIC SECURITIES COMPANY

Service code 21

1230 AVENUE OF THE AMERICAS · NEW YORK, NY 10020

Bank Trustee

$177,725

NATIONWIDE2 years

Filed as: NATIONWIDE LIFE INSURANCE

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$4,676

PICO ELECTRONICS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PICO ELECTRONICS, INC. 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