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 (2019) 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 2019

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$10.9M

+25.3% from 2018

Total participants

103

-2.8% from 2018

Average account balance

$112,005

+36.9% from 2018

Annual return

14.99%

+18.81 pp from 2018

Benchmarks

See 966 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort966 peers

Snapshot2019

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$292K

$2890 / participant

Other / not subdivided$292K100.0%

% of EOY assets

2.687%

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

$112,005

$50,666+121.1%

$76,657+46.1%

$65,185+71.8%

Participation rate

94.1%

68.8%+25.3pp

72.1%+22.0pp

70.2%+23.9pp

Annual return

14.99%

28.51%-13.5pp

1166.74%-1151.7pp

29.38%-14.4pp

Employer contribution / active EE

$9,722

$1,575+517.3%

$2,303+322.2%

$2,177+346.6%

Participant deferral / active EE

$2,003

$2,647-24.3%

$3,335-40.0%

$3,514-43.0%

Admin fee / account holder

$3,010

$463+550.1%

$6,423-53.1%

$847+255.2%

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