Retirement plan

NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN

Name: NOVITEX ENTERPRISE SOLUTIONS, INC - NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: NOVITEX ENTERPRISE SOLUTIONS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN, NOVITEX ENTERPRISE SOLUTIONS, INC

NOVITEX ENTERPRISE SOLUTIONS, INCEIN 13-3587073Plan #001PY 2017

300 FIRST STAMFORD PLACE, SECOND FLOOR WEST - STAMFORD, CT 06902203-487-5328novitex.comLinkedIn10001+ employeesinformation technology and services

Other plans on this EIN

1 filing

#002Retirement-$17K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$170M

+10.1% from 2016

Total participants

8,257

-12.6% from 2016

Average account balance

$22,519

+26.6% from 2016

Annual return

16.65%

+9.44 pp from 2016

Benchmarks

See 33 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort33 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$141.42M

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-4.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC3+ years Service code 16 · EIN 13-2638166	Consulting	$125,000
BDO USA, LLP2 years Service code 10 · EIN 13-5381590	Accounting	$20,000
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 12 · EIN 13-3689044	Sales loads (front end and deferred);...	$1,712
MID ATLANTIC CAPITAL CORPORATION3+ years Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES3+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2J2S2T3H

Plan features

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.
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

$661K

$105 / participant

Investment mgmt$125K18.9%
Other / not subdivided$536K81.1%

% of EOY assets

0.389%

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: SUTTON FROST CARY LLP
Auditor EIN: 752593210
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,519

$35,598-36.7%

$81,473-72.4%

$177,276-87.3%

Participation rate

88.7%

43.3%+45.4pp

68.0%+20.8pp

74.8%+13.9pp

Annual return

16.65%

22.81%-6.2pp

38.78%-22.1pp

21.25%-4.6pp

Employer contribution / active EE

$903-100.0%

$2,568-100.0%

$2,479-100.0%

Participant deferral / active EE

$1,647

$1,276+29.1%

$3,537-53.4%

$3,881-57.6%

Admin fee / account holder

$88

$82+7.3%

$4,561-98.1%

$154-43.2%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3+ years

Service code 16 · EIN 13-2638166

Consulting

$125,000

BDO USA, LLP2 years

Service code 10 · EIN 13-5381590

Accounting

$20,000

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 12 · EIN 13-3689044

Sales loads (front end and deferred);...

$1,712

MID ATLANTIC CAPITAL CORPORATION3+ years

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES3+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS 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