Retirement plan

DYNALEC CORPORATION PROFIT SHARING 401(K) PLAN

Name: DYNALEC CORPORATION - DYNALEC CORPORATION PROFIT SHARING 401(K) PLAN (2020) 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 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$24.2M

+20.0% from 2019

Total participants

117

+15.8% from 2019

Average account balance

$206,440

+3.6% from 2019

Annual return

12.87%

-3.95 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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 MANAGEMENT6+ years Service code 21 · EIN 16-1045618 40A GROVE · PITTSFORD, NY 14534	Bank Trustee	$39,229
PINNACLE FINANCIAL SERVICES, INC.6+ years Filed as: PINNACLE ADVISORY Service code 21	Bank Trustee	$22,447
COBBLESTONE CAPITAL ADVISORS6+ years Service code 21	Bank Trustee	$14,925
FLAHERTY SALMIN, LLP6+ years Service code 10 2300 BUFFALO ROAD, BLDG. 200 · ROCHESTER, NY 14624	Accounting	$12,450

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

$95K

$808 / participant

Investment mgmt$77K81.5%
Other / not subdivided$17K18.5%

% of EOY assets

0.392%

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

$206,440

$73,638+180.3%

$95,960+115.1%

$73,493+180.9%

Participation rate

100.0%

76.2%+23.8pp

77.1%+22.9pp

70.7%+29.3pp

Annual return

12.87%

16.78%-3.9pp

91.63%-78.8pp

28.51%-15.6pp

Employer contribution / active EE

$9,239

$1,863+395.9%

$2,541+263.6%

$2,270+307.0%

Participant deferral / active EE

$3,579

$3,617-1.0%

$4,167-14.1%

$3,740-4.3%

Admin fee / account holder

$808

$482+67.7%

$6,797-88.1%

$513+57.5%

Provider

Service type

Compensation

QCI ASSET MANAGEMENT6+ years

Service code 21 · EIN 16-1045618

40A GROVE · PITTSFORD, NY 14534

Bank Trustee

$39,229

PINNACLE FINANCIAL SERVICES, INC.6+ years

Filed as: PINNACLE ADVISORY

Service code 21

Bank Trustee

$22,447

COBBLESTONE CAPITAL ADVISORS6+ years

Service code 21

Bank Trustee

$14,925

FLAHERTY SALMIN, LLP6+ years

Service code 10

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

Accounting

$12,450

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