Retirement plan

BAHA INDUSTRIES CORP. D/B/A OPEN SYSTEMS TECHNOLOGIES 401(K) PLAN

Name: BAHA INDUSTRIES CORP. D/B/A OPEN SYSTEMS TECHNOLOGIES - BAHA INDUSTRIES CORP. D/B/A OPEN SYSTEMS TECHNOLOGIES 401(K) PLAN (2017) Form 5500
Creator: BAHA INDUSTRIES CORP. D/B/A OPEN SYSTEMS TECHNOLOGIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAHA INDUSTRIES CORP. D/B/A OPEN SYSTEMS TECHNOLOGIES 401(K) PLAN, BAHA INDUSTRIES CORP. D/B/A OPEN SYSTEMS TECHNOLOGIES

BAHA INDUSTRIES CORP. D/B/A OPEN SYSTEMS TECHNOLOGIESEIN 13-3926270Plan #001PY 2017

469 SEVENTH AVE, 5TH FLOOR - NEW YORK, NY 10018212-643-3616LinkedIn1001-5000 employeesindividual & family services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$21.1M

+20.2% from 2016

Total participants

1,035

0.0% from 2016

Average account balance

$43,920

No prior year

Annual return

20.34%

+12.44 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.54M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

279

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.

27.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$474

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
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY DW INC Service code 49	Other Services	$45,080
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 · EIN 26-4310632	Other Services	$39,042
THE BENEFIT PRACTICE3+ years Service code 49 · EIN 13-4144565	Other Services	$18,191
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$5,066
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY DW Service code 49 · EIN 94-1671384	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$5K

$7 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.024%

all-in expense ratio

Categories reported

0 / 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: ROSENBLATT, RADEZKY, SCHIFF & TEPPE
Auditor EIN: 132710067
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,920

$155,795-71.8%

$136,297-67.8%

$69,631-36.9%

Participation rate

29.2%

75.2%-46.1pp

81.9%-52.8pp

70.7%-41.5pp

Annual return

20.34%

232464.33%-232444.0pp

5156.19%-5135.9pp

27571.02%-27550.7pp

Employer contribution / active EE

$2,991-100.0%

$4,696-100.0%

$2,032-100.0%

Participant deferral / active EE

$3,197

$5,394-40.7%

$6,247-48.8%

$3,224-0.8%

Admin fee / account holder

$11

$128-91.7%

$9,244-99.9%

$110-90.4%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY DW INC

Service code 49

Other Services

$45,080

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 49 · EIN 26-4310632

Other Services

$39,042

THE BENEFIT PRACTICE3+ years

Service code 49 · EIN 13-4144565

Other Services

$18,191

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$5,066

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY DW

Service code 49 · EIN 94-1671384

Other Services

BAHA INDUSTRIES CORP. D/B/A OPEN SYSTEMS TECHNOLOGIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAHA INDUSTRIES CORP. D/B/A OPEN SYSTEMS TECHNOLOGIES 401(K) 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