Retirement plan

DYNALEC CORPORATION PROFIT SHARING 401(K) PLAN

Name: DYNALEC CORPORATION - DYNALEC CORPORATION PROFIT SHARING 401(K) PLAN (2018) 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 2018

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17.1M

-6.2% from 2017

Total participants

-5.7% from 2017

Average account balance

$172,234

-0.6% from 2017

Annual return

-1.94%

-11.09 pp from 2017

Benchmarks

See 14,949 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,949 peers

Snapshot2018

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 MANAGEMENT4+ years Service code 21 · EIN 16-1045618 40A GROVE · PITTSFORD, NY 14534	Bank Trustee	$26,238
COBBLESTONE CAPITAL ADVISORS4+ years Service code 21	Bank Trustee	$12,654
FLAHERTY SALMIN, LLP4+ years Service code 10 2300 BUFFALO ROAD, BLDG. 200 · ROCHESTER, NY 14624	Accounting	$12,000
PINNACLE FINANCIAL SERVICES, INC.4+ years Filed as: PINNACLE ADVISORY Service code 21	Bank Trustee	$10,363

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$66K

$680 / participant

Investment mgmt$49K74.7%
Other / not subdivided$17K25.3%

% of EOY assets

0.387%

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

$172,234

$62,589+175.2%

$76,768+124.4%

$64,173+168.4%

Participation rate

100.0%

72.8%+27.2pp

77.0%+23.0pp

69.6%+30.4pp

Annual return

-1.94%

-1.95%0pp

2.43%-4.4pp

7.63%-9.6pp

Employer contribution / active EE

$9,035

$1,832+393.1%

$2,485+263.5%

$2,381+279.5%

Participant deferral / active EE

$2,925

$3,145-7.0%

$3,852-24.1%

$3,470-15.7%

Admin fee / account holder

$666

$4,667-85.7%

$6,675-90.0%

$4,887-86.4%

Provider

Service type

Compensation

QCI ASSET MANAGEMENT4+ years

Service code 21 · EIN 16-1045618

40A GROVE · PITTSFORD, NY 14534

Bank Trustee

$26,238

COBBLESTONE CAPITAL ADVISORS4+ years

Service code 21

Bank Trustee

$12,654

FLAHERTY SALMIN, LLP4+ years

Service code 10

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

Accounting

$12,000

PINNACLE FINANCIAL SERVICES, INC.4+ years

Filed as: PINNACLE ADVISORY

Service code 21

Bank Trustee

$10,363

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