Retirement plan

SPECIALTY BUSINESS MACHINES HOLDINGS LLC 401(K) PLAN

Name: SPECIALTY BUSINESS MACHINES HOLDINGS LLC - SPECIALTY BUSINESS MACHINES HOLDINGS LLC 401(K) PLAN (2016) Form 5500
Creator: SPECIALTY BUSINESS MACHINES HOLDINGS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPECIALTY BUSINESS MACHINES HOLDINGS LLC 401(K) PLAN, SPECIALTY BUSINESS MACHINES HOLDINGS LLC

SPECIALTY BUSINESS MACHINES HOLDINGS LLCEIN 13-2934445Plan #003PY 2016

253 WEST 35TH STREET, SUITE 12A - NEW YORK, NY 10001212-227-6845

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+28.4% from 2015

Total participants

-8.3% from 2015

Average account balance

$155,537

+101.8% from 2015

Annual return

20.49%

+21.78 pp from 2015

Benchmarks

See 21,241 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,241 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.22M

Not enough data

1 years with asset history on file

Average account balance

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

$175K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$63K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+16.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7794

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$155,537

$88,707+75.3%

$74,184+109.7%

$273,972-43.2%

Participation rate

63.6%

79.4%-15.8pp

76.6%-13.0pp

83.0%-19.4pp

Annual return

20.49%

11.94%+8.5pp

17.74%+2.7pp

41.46%-21.0pp

Employer contribution / active EE

$1,748

$3,159-44.7%

$2,370-26.3%

$4,869-64.1%

Participant deferral / active EE

$4,359

$4,212+3.5%

$3,550+22.8%

$5,287-17.6%

Admin fee / account holder

$8,717-100.0%

$5,586-100.0%

$10,133-100.0%

SPECIALTY BUSINESS MACHINES HOLDINGS LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SPECIALTY BUSINESS MACHINES HOLDINGS LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion