Retirement plan

CELERANT TECHNOLOGY CORP 401(K) PROFIT SHARING PLAN TRUST

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

CELERANT TECHNOLOGY CORPEIN 13-4082207Plan #001PY 2018

4830 ARTHUR KILL ROAD, SUITE 204 - STATEN ISLAND, NY 103092634718-605-7733celerant.comLinkedIn51-200 employeescomputer software

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$7.9M

-4.4% from 2017

Total participants

134

-5.0% from 2017

Average account balance

$80,092

+0.4% from 2017

Annual return

-6.47%

-25.28 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.32M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$443K

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

+15.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26651

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE4+ years Service code 37 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Loan Processing	$62,026
SAX LLP1 year Filed as: SAX ACCOUNTING TAX ADVISORY Service code 10 855 VALLEY ROAD · CLIFTON, NJ 07013	Accounting	$21,500
PFP-NJ INC4+ years Service code 10 461 SOMERSET STREET · NO PLAINFIELD, NJ 07060	Accounting	$5,569
FIRST ALLIED SECURITIES INC4+ years Filed as: FIRST ALLIED SECURITIES Service code 71 655 WEST BROADWAY · SAN DIEGO, CA 92101	Brokerage Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$24K

$227 / participant

Investment mgmt$1K5.2%
Contract admin$1K6.2%
Other / not subdivided$22K88.6%

% of EOY assets

0.306%

all-in expense ratio

Categories reported

2 / 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: SAX LLP
Auditor EIN: 812950760
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,092

$73,102+9.6%

$123,553-35.2%

$56,289+42.3%

Participation rate

67.3%

74.3%-7.0pp

82.3%-15.0pp

69.9%-2.6pp

Annual return

-6.47%

3.01%-9.5pp

119.21%-125.7pp

-9.96%+3.5pp

Employer contribution / active EE

$596

$2,977-80.0%

$4,628-87.1%

$2,111-71.8%

Participant deferral / active EE

$3,587

$5,423-33.9%

$6,426-44.2%

$3,350+7.1%

Admin fee / account holder

$245

$554-55.7%

$9,284-97.4%

$521-53.0%

Provider

Service type

Compensation

NATIONWIDE4+ years

Service code 37

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Loan Processing

$62,026

SAX LLP1 year

Filed as: SAX ACCOUNTING TAX ADVISORY

Service code 10

855 VALLEY ROAD · CLIFTON, NJ 07013

Accounting

$21,500

PFP-NJ INC4+ years

Service code 10

461 SOMERSET STREET · NO PLAINFIELD, NJ 07060

Accounting

$5,569

FIRST ALLIED SECURITIES INC4+ years

Filed as: FIRST ALLIED SECURITIES

Service code 71

655 WEST BROADWAY · SAN DIEGO, CA 92101

Brokerage Fees

CELERANT TECHNOLOGY CORP 401(K) PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CELERANT TECHNOLOGY 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