Retirement plan

CONCURRENT TECHNOLOGIES CORP 401 K PROFIT SHARING PLAN TRUST

Name: CONCURRENT TECHNOLOGIES CORP - CONCURRENT TECHNOLOGIES CORP 401 K PROFIT SHARING PLAN TRUST (2018) Form 5500
Creator: CONCURRENT TECHNOLOGIES CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONCURRENT TECHNOLOGIES CORP 401 K PROFIT SHARING PLAN TRUST, CONCURRENT TECHNOLOGIES CORP

CONCURRENT TECHNOLOGIES CORPEIN 13-3399540Plan #001PY 2018

1001 N. US HIGHWAY 1 SUITE 802 - JUPITER, FL 33477908-604-6100concurrenttechnologies.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.3M

-28.9% from 2017

Total participants

-47.1% from 2017

Average account balance

$192,649

+52.4% from 2017

Annual return

-5.12%

-19.67 pp from 2017

Benchmarks

See 8,369 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort8,369 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.42M

Not enough data

1 years with asset history on file

Average account balance

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

$403K

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$86K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53489

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 codes3D2F2T2J2G2E

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

2 tripped

OpportunityLow employer contribution
Employer 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.)

Expense breakdown

Schedule H Part II

Admin total

$550K

$61079 / participant

Other / not subdivided$550K100.0%

% of EOY assets

40.763%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$192,649

$97,020+98.6%

$83,327+131.2%

$135,380+42.3%

Participation rate

77.8%

80.4%-2.6pp

77.8%0pp

82.6%-4.9pp

Annual return

-5.12%

12.31%-17.4pp

10.64%-15.8pp

519.81%-524.9pp

Employer contribution / active EE

$4,144-100.0%

$3,379-100.0%

$4,779-100.0%

Participant deferral / active EE

$10,382

$5,964+74.1%

$5,565+86.5%

$5,609+85.1%

Admin fee / account holder

$78,530

$8,426+832.0%

$7,540+941.4%

$10,828+625.2%

CONCURRENT TECHNOLOGIES CORP 401 K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONCURRENT TECHNOLOGIES CORP 401 K PROFIT SHARING PLAN TRUST

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