Retirement plan

SPECIALTY BUSINESS MACHINES HOLDINGS LLC 401(K) PLAN

Name: SPECIALTY BUSINESS MACHINES HOLDINGS LLC - SPECIALTY BUSINESS MACHINES HOLDINGS LLC 401(K) PLAN (2017) 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 2017

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

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+4.5% from 2016

Total participants

-9.1% from 2016

Average account balance

$113,732

-26.9% from 2016

Annual return

-1.54%

-22.03 pp from 2016

Benchmarks

See 21,290 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,290 peers

Snapshot2017

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 returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$113,732

$98,240+15.8%

$82,312+38.2%

$147,586-22.9%

Participation rate

100.0%

79.7%+20.3pp

76.9%+23.1pp

82.8%+17.2pp

Annual return

-1.54%

30.85%-32.4pp

25.88%-27.4pp

578.59%-580.1pp

Employer contribution / active EE

$1,670

$3,192-47.7%

$2,428-31.2%

$4,876-65.7%

Participant deferral / active EE

$4,863

$4,383+10.9%

$3,706+31.2%

$5,439-10.6%

Admin fee / account holder

$8,563-100.0%

$5,608-100.0%

$10,886-100.0%

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