Retirement plan

SPOK HOLDINGS, INC. SAVINGS AND RETIREMENT PLAN

Name: SPOK HOLDINGS, INC. - SPOK HOLDINGS, INC. SAVINGS AND RETIREMENT PLAN (2019) Form 5500
Creator: SPOK HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPOK HOLDINGS, INC. SAVINGS AND RETIREMENT PLAN, SPOK HOLDINGS, INC.

SPOK HOLDINGS, INC.EIN 16-1694797Plan #001PY 2019

6850 VERSAR CENTER, SUITE 420 - SPRINGFIELD, VA 22151703-269-6741

Prospect flagsHigh retiree %Corrective distributions

How to read this page

Total assets (EOY)

$111.7M

+21.9% from 2018

Total participants

1,203

+17.3% from 2018

Average account balance

$108,435

+20.5% from 2018

Annual return

24.56%

+27.98 pp from 2018

Benchmarks

See 531 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort531 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$129.53M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

815

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+10.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30

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
PRUDENTIAL RETIREMENT INSURANCE AND5+ years Service code 13 · EIN 06-1050034	Contract Administrator	$50,712
LOCKTON INVESTMENT ADVISORS, LLC4 years Service code 27 · EIN 20-8874282	Advisory (Plan)	$28,795
RSM US LLP1 year Filed as: MCGLADERY & PULLEN, LLP Service code 10 · EIN 42-0714325	Accounting	$26,600
PRUDENTIAL RETIREMENT INSURANCE AND3 years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T2S

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).
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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$108K

$180 / participant

Other / not subdivided$108K100.0%

% of EOY assets

0.097%

all-in expense ratio

Categories reported

0 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,435

$69,231+56.6%

$91,994+17.9%

$67,579+60.5%

Participation rate

71.3%

78.9%-7.6pp

78.6%-7.3pp

71.3%0pp

Annual return

24.56%

32.03%-7.5pp

69.04%-44.5pp

378.56%-354.0pp

Employer contribution / active EE

$2,508

$2,284+9.8%

$3,453-27.4%

$2,148+16.8%

Participant deferral / active EE

$8,583

$5,854+46.6%

$5,924+44.9%

$3,539+142.5%

Admin fee / account holder

$105

$107-2.0%

$7,744-98.6%

$142-26.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND5+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$50,712

LOCKTON INVESTMENT ADVISORS, LLC4 years

Service code 27 · EIN 20-8874282

Advisory (Plan)

$28,795

RSM US LLP1 year

Filed as: MCGLADERY & PULLEN, LLP

Service code 10 · EIN 42-0714325

Accounting

$26,600

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

SPOK HOLDINGS, INC. SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPOK HOLDINGS, INC. SAVINGS AND RETIREMENT 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