Retirement plan

PENCOM SYSTEMS INCORPORATED PROFIT SHARING PLAN

Name: PENCOM SYSTEMS INC - PENCOM SYSTEMS INCORPORATED PROFIT SHARING PLAN (2015) Form 5500
Creator: PENCOM SYSTEMS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENCOM SYSTEMS INCORPORATED PROFIT SHARING PLAN, PENCOM SYSTEMS INC

PENCOM SYSTEMS INCEIN 13-2742382Plan #001PY 2015

152 REMSEN STREET - BROOKLYN, NY 11201718-923-1111pencom.comLinkedIn11-50 employeesfinancial services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.9M

No prior year

Total participants

127

No prior year

Average account balance

$70,305

No prior year

Annual return

3.72%

No prior year

Benchmarks

See 22,773 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort22,773 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.08M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

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.

33.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$450

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

+26.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13613

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

0 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
ANTHONY M. SCLAFANI1+ years Service code 10 · EIN 27-1378887	Accounting	$7,500
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Filed as: FIDELITY INVESTMENTS INSTUTITIONAL Service code 37 · EIN 04-2647766	Loan Processing	$2,860
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$23K

$625 / participant

Other / not subdivided$23K100.0%

% of EOY assets

0.286%

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: ANTHONY M. SCLAFANI CPA PC
Auditor EIN: 271378887
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,305

$72,177-2.6%

$115,038-38.9%

$59,633+17.9%

Participation rate

58.3%

72.6%-14.2pp

81.4%-23.0pp

68.7%-10.3pp

Annual return

3.72%

12.02%-8.3pp

26.14%-22.4pp

2041.45%-2037.7pp

Employer contribution / active EE

$2,841-100.0%

$4,608-100.0%

$2,203-100.0%

Participant deferral / active EE

$6,587

$4,783+37.7%

$6,026+9.3%

$3,192+106.4%

Admin fee / account holder

$201

$4,927-95.9%

$8,175-97.5%

$4,297-95.3%

Provider

Service type

Compensation

ANTHONY M. SCLAFANI1+ years

Service code 10 · EIN 27-1378887

Accounting

$7,500

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Filed as: FIDELITY INVESTMENTS INSTUTITIONAL

Service code 37 · EIN 04-2647766

Loan Processing

$2,860

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 60

Sub-TA Fees

PENCOM SYSTEMS INCORPORATED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENCOM SYSTEMS INCORPORATED 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