Retirement plan

INCENTIVE PROFIT SHARING PLAN FOR EMPLOYEES OF SEALING DEVICES INC.

Name: SEALING DEVICES INC. - INCENTIVE PROFIT SHARING PLAN FOR EMPLOYEES OF SEALING DEVICES INC. (2016) Form 5500
Creator: SEALING DEVICES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INCENTIVE PROFIT SHARING PLAN FOR EMPLOYEES OF SEALING DEVICES INC., SEALING DEVICES INC.

SEALING DEVICES INC.EIN 16-0902968Plan #001PY 2016

4400 WALDEN AVENUE - LANCASTER, NY 14086716-651-2365sealingdevices.comLinkedIn201-500 employeesconsumer goods

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$27.7M

No prior year

Total participants

182

No prior year

Average account balance

$166,753

No prior year

Annual return

8.79%

No prior year

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.05M

Not enough data

1 years with asset history on file

Average account balance

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

$214K

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.

192

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.

86.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+23.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$693

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
FORTE CAPITAL1+ years Filed as: FORTE CAPITAL, LLC Service code 27 95 ALLENS CREEK ROAD BLDG 1 · ROCHESTER, NY 14618	Advisory (Plan)	$63,142
TD AMERITRADE, INC.1+ years Filed as: TD AMERITRADE TRUST COMPANY Service code 21 · EIN 20-0937408	Bank Trustee	$8,511
KASPERSKI, OWEN & DINAN1+ years Filed as: KASPERSKI OWEN & DINAN CPAS, LLC Service code 10 290 LINDEN OAKS, SUITE 310 · ROCHESTER, NY 14625	Accounting	$6,000
PROFESSIONAL CAPITAL SERVICES, LLC1+ years Service code 13 1801 MARKET STREET · PHILADELPHIA, PA 19103	Contract Administrator	$2,821

Plan features & details

Pension benefit codes2E2F2H2J2T3D

Plan features

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).
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.
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.
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

$85K

$520 / participant

Investment mgmt$63K74.4%
Contract admin$3K3.3%
Other / not subdivided$19K22.3%

% 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: LUMSDEN & MCCORMICK, LLP
Auditor EIN: 160765486
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$166,753

$63,924+160.9%

$108,582+53.6%

$55,167+202.3%

Participation rate

90.2%

74.3%+15.8pp

79.6%+10.6pp

69.0%+21.2pp

Annual return

8.79%

15.31%-6.5pp

-51.70%+60.5pp

169.23%-160.4pp

Employer contribution / active EE

$9,139

$1,879+386.4%

$3,758+143.2%

$1,963+365.7%

Participant deferral / active EE

$1,703

$3,067-44.5%

$4,311-60.5%

$3,054-44.2%

Admin fee / account holder

$511

$618-17.3%

$7,645-93.3%

$504+1.4%

Provider

Service type

Compensation

FORTE CAPITAL1+ years

Filed as: FORTE CAPITAL, LLC

Service code 27

95 ALLENS CREEK ROAD BLDG 1 · ROCHESTER, NY 14618

Advisory (Plan)

$63,142

TD AMERITRADE, INC.1+ years

Filed as: TD AMERITRADE TRUST COMPANY

Service code 21 · EIN 20-0937408

Bank Trustee

$8,511

KASPERSKI, OWEN & DINAN1+ years

Filed as: KASPERSKI OWEN & DINAN CPAS, LLC

Service code 10

290 LINDEN OAKS, SUITE 310 · ROCHESTER, NY 14625

Accounting

$6,000

PROFESSIONAL CAPITAL SERVICES, LLC1+ years

Service code 13

1801 MARKET STREET · PHILADELPHIA, PA 19103

Contract Administrator

$2,821

INCENTIVE PROFIT SHARING PLAN FOR EMPLOYEES OF SEALING DEVICES INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INCENTIVE PROFIT SHARING PLAN FOR EMPLOYEES OF SEALING DEVICES INC.

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