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 (2018) 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 2018

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

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$8.7M

-2.9% from 2017

Total participants

106

+5.0% from 2017

Average account balance

$81,814

-18.5% from 2017

Annual return

-3.82%

-14.29 pp from 2017

Benchmarks

See 953 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort953 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.82M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

127

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.

105.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$859K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11728

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$388K

$3765 / participant

Other / not subdivided$388K100.0%

% of EOY assets

4.472%

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

$81,814

$43,504+88.1%

$68,612+19.2%

$56,287+45.4%

Participation rate

100.0%

67.8%+32.2pp

72.2%+27.8pp

69.9%+30.1pp

Annual return

-3.82%

-3.15%-0.7pp

-4.63%+0.8pp

-9.96%+6.1pp

Employer contribution / active EE

$2,803

$1,525+83.7%

$2,625+6.8%

$2,111+32.8%

Participant deferral / active EE

$1,745

$2,509-30.4%

$3,311-47.3%

$3,350-47.9%

Admin fee / account holder

$3,658

$515+610.4%

$5,131-28.7%

$521+602.3%

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