Retirement plan

DYNALEC CORPORATION PROFIT SHARING 401(K) PLAN

Name: DYNALEC CORPORATION - DYNALEC CORPORATION PROFIT SHARING 401(K) PLAN (2017) Form 5500
Creator: DYNALEC CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DYNALEC CORPORATION PROFIT SHARING 401(K) PLAN, DYNALEC CORPORATION

DYNALEC CORPORATIONEIN 16-0843235Plan #001PY 2017

87 WEST MAIN STREET - SODUS, NY 14551315-483-6923dynalec.comLinkedIn51-200 employeesdefense & space

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$18.2M

-4.2% from 2016

Total participants

105

0.0% from 2016

Average account balance

$173,189

-4.2% from 2016

Annual return

9.15%

+3.44 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.88M

Not enough data

1 years with asset history on file

Average account balance

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

$272K

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.

128

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.89M

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

+15.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$736

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 4 by compensation

Provider	Service type	Compensation
QCI ASSET MANAGEMENT3+ years Service code 21 · EIN 16-1045618 40A GROVE · PITTSFORD, NY 14534	Bank Trustee	$26,696
PINNACLE FINANCIAL SERVICES, INC.3+ years Filed as: PINNACLE ADVISORY Service code 21	Bank Trustee	$12,067
FLAHERTY SALMIN, LLP3+ years Service code 10 2300 BUFFALO ROAD, BLDG. 200 · ROCHESTER, NY 14624	Accounting	$11,750
COBBLESTONE CAPITAL ADVISORS3+ years Service code 21	Bank Trustee	$11,479

Plan features & details

Pension benefit codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$65K

$618 / participant

Investment mgmt$50K77.3%
Other / not subdivided$15K22.7%

% of EOY assets

0.357%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FLAHERTY SALMIN, LLP
Auditor EIN: 161451346
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$173,189

$64,909+166.8%

$82,312+110.4%

$62,293+178.0%

Participation rate

100.0%

74.9%+25.1pp

76.9%+23.1pp

69.5%+30.5pp

Annual return

9.15%

21.18%-12.0pp

25.88%-16.7pp

28.90%-19.7pp

Employer contribution / active EE

$8,223

$1,676+390.7%

$2,428+238.6%

$2,042+302.7%

Participant deferral / active EE

$2,708

$3,103-12.7%

$3,706-26.9%

$3,169-14.6%

Admin fee / account holder

$618

$440+40.7%

$5,608-89.0%

$479+29.0%

Provider

Service type

Compensation

QCI ASSET MANAGEMENT3+ years

Service code 21 · EIN 16-1045618

40A GROVE · PITTSFORD, NY 14534

Bank Trustee

$26,696

PINNACLE FINANCIAL SERVICES, INC.3+ years

Filed as: PINNACLE ADVISORY

Service code 21

Bank Trustee

$12,067

FLAHERTY SALMIN, LLP3+ years

Service code 10

2300 BUFFALO ROAD, BLDG. 200 · ROCHESTER, NY 14624

Accounting

$11,750

COBBLESTONE CAPITAL ADVISORS3+ years

Service code 21

Bank Trustee

$11,479

DYNALEC CORPORATION PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DYNALEC CORPORATION PROFIT SHARING 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