Retirement plan

THE DEFINED CONTRIBUTION RETIREMENT PLAN OF SI GROUP, INC.

Name: SI GROUP, INC. - THE DEFINED CONTRIBUTION RETIREMENT PLAN OF SI GROUP, INC. (2016) Form 5500
Creator: SI GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE DEFINED CONTRIBUTION RETIREMENT PLAN OF SI GROUP, INC., SI GROUP, INC.

SI GROUP, INC.EIN 14-1041790Plan #004PY 2016

2750 BALLTOWN RD - SCHENECTADY, NY 123091006518-347-4253siigroup.comLinkedIn1001-5000 employeeschemicals

Other plans on this EIN

4 filings

#001Retirement-$151.7M assets #002Retirement-$76.7M assets #005Retirement-$27.6M assets #003Retirement--

Prospect flagsLow assets / participantLow participant contribution

Top hat statement on fileNQDC

Filed December 9, 2016 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

c/o SI Group, inc.

Schenectady State: NY Zip Code: 12309

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Plans declared (2)

SI Group, Inc. Retirement Benefit Replacement Plan32 emp
The Defined Contribution Retirement Plan of SI Group, Inc.6 emp

Total covered: 38 employees

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Total assets (EOY)

$6M

-38.2% from 2016

Total participants

441

-18.4% from 2016

Average account balance

$15,657

-26.4% from 2016

Annual return

9.86%

-13.16 pp from 2016

Benchmarks

See 1,139 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,139 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

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

$2.63M

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

-141.61%

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

0 years with F_SCH_H allocation on file

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$1,381

Plan features & details

Pension benefit codes2A2C2F2G2T3H

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).
2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$1K

$3 / participant

Contract admin$1K99.9%
Other / not subdivided$10.1%

% of EOY assets

0.023%

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: KPMG LLP
Auditor EIN: 145565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,657

$74,024-78.8%

$78,002-79.9%

$57,661-72.8%

Participation rate

87.1%

79.7%+7.3pp

75.5%+11.6pp

70.2%+16.9pp

Annual return

9.86%

12.14%-2.3pp

425.99%-416.1pp

5.13%+4.7pp

Employer contribution / active EE

$4,742

$2,365+100.5%

$2,470+92.0%

$1,974+140.3%

Participant deferral / active EE

$3,533-100.0%

$3,497-100.0%

$3,061-100.0%

Admin fee / account holder

$93-96.2%

$5,481-99.9%

$95-96.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,381

THE DEFINED CONTRIBUTION RETIREMENT PLAN OF SI GROUP, INC.

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE DEFINED CONTRIBUTION RETIREMENT PLAN OF SI GROUP, INC.

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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