Retirement plan

SWITLIK PARACHUTE COMPANY RETIREMENT, PROFIT SHARING AND SALARY DEFERRAL PLAN

Name: SWITLIK PARACHUTE COMPANY, INC. - SWITLIK PARACHUTE COMPANY RETIREMENT, PROFIT SHARING AND SALARY DEFERRAL PLAN (2016) Form 5500
Creator: SWITLIK PARACHUTE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWITLIK PARACHUTE COMPANY RETIREMENT, PROFIT SHARING AND SALARY DEFERRAL PLAN, SWITLIK PARACHUTE COMPANY, INC.

SWITLIK PARACHUTE COMPANY, INC.EIN 21-0610999Plan #002PY 2016

1325 EAST STATE STREET - TRENTON, NJ 08609609-587-3300

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.3M

No prior year

Total participants

No prior year

Average account balance

$103,152

No prior year

Annual return

6.81%

No prior year

Benchmarks

See 2,311 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,311 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.29M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

115

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$345K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12335

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

$330K

$3366 / participant

Other / not subdivided$330K100.0%

% of EOY assets

3.998%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,152

$53,018+94.6%

$70,014+47.3%

$62,891+64.0%

Participation rate

80.6%

67.2%+13.4pp

71.8%+8.8pp

69.3%+11.3pp

Annual return

6.81%

13.35%-6.5pp

12.99%-6.2pp

20.14%-13.3pp

Employer contribution / active EE

$2,848

$1,799+58.3%

$2,338+21.8%

$2,281+24.9%

Participant deferral / active EE

$1,480

$2,395-38.2%

$2,931-49.5%

$3,203-53.8%

Admin fee / account holder

$4,124

$3,690+11.8%

$4,380-5.9%

$4,296-4.0%

SWITLIK PARACHUTE COMPANY RETIREMENT, PROFIT SHARING AND SALARY DEFERRAL PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWITLIK PARACHUTE COMPANY RETIREMENT, PROFIT SHARING AND SALARY DEFERRAL 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