Retirement plan

SKANDINAVISKA ENSKILDA BANKEN AB (PUBL), NEW YORK BRANCH 401K RETIREMENT PLAN

Name: SKANDINAVISKA ENSKILDA - SKANDINAVISKA ENSKILDA BANKEN AB (PUBL), NEW YORK BRANCH 401K RETIREMENT PLAN (2017) Form 5500
Creator: SKANDINAVISKA ENSKILDA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SKANDINAVISKA ENSKILDA BANKEN AB (PUBL), NEW YORK BRANCH 401K RETIREMENT PLAN, SKANDINAVISKA ENSKILDA

SKANDINAVISKA ENSKILDAEIN 13-3430419Plan #002PY 2017

245 PARK AVENUE 33RD FLOOR - NEW YORK, NY 101670061212-907-4801LinkedIn1-10 employeesindividual & family services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$22M

+18.8% from 2016

Total participants

104

-3.7% from 2016

Average account balance

$219,920

+21.2% from 2016

Annual return

17.79%

+10.57 pp from 2016

Benchmarks

See 7,573 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,573 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.65M

Not enough data

1 years with asset history on file

Average account balance

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

$390K

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$698K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+16.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25122

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 2 by compensation

Provider	Service type	Compensation
PORTFOLIO EVALUATIONS, INC.3+ years Filed as: PORTFOLIO EVALUATIONS Service code 27 · EIN 22-3189064	Advisory (Plan)	$27,500
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$1,289

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1K

$33 / participant

Contract admin$1K100.0%

% of EOY assets

0.006%

all-in expense ratio

Categories reported

1 / 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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$219,920

$100,041+119.8%

$149,718+46.9%

$70,131+213.6%

Participation rate

89.7%

83.6%+6.2pp

87.1%+2.7pp

69.5%+20.2pp

Annual return

17.79%

27.43%-9.6pp

1501.70%-1483.9pp

73.14%-55.4pp

Employer contribution / active EE

$8,062

$3,662+120.2%

$5,444+48.1%

$2,342+244.1%

Participant deferral / active EE

$8,413

$4,983+68.9%

$6,568+28.1%

$3,332+152.5%

Admin fee / account holder

$13

$8,286-99.8%

$11,283-99.9%

$4,645-99.7%

Provider

Service type

Compensation

PORTFOLIO EVALUATIONS, INC.3+ years

Filed as: PORTFOLIO EVALUATIONS

Service code 27 · EIN 22-3189064

Advisory (Plan)

$27,500

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,289

SKANDINAVISKA ENSKILDA BANKEN AB (PUBL), NEW YORK BRANCH 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SKANDINAVISKA ENSKILDA BANKEN AB (PUBL), NEW YORK BRANCH 401K RETIREMENT 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