Retirement plan

SW ELECTRONICS AND MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN

Name: SW ELECTRONICS AND MANUFACTURING CO - SW ELECTRONICS AND MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: SW ELECTRONICS AND MANUFACTURING CO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SW ELECTRONICS AND MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN, SW ELECTRONICS AND MANUFACTURING CO

SW ELECTRONICS AND MANUFACTURING COEIN 22-1766038Plan #001PY 2016

1215 NORTH CHURCH STREET - MOORESTOWN, NJ 08057856-222-9900

Prospect flagsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$5.3M

No prior year

Total participants

208

No prior year

Average account balance

$41,155

No prior year

Annual return

7.73%

No prior year

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.18M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

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.

67.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$179K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4272

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

Top 2 by compensation

Provider	Service type	Compensation
RUBICON ASSET MANAGEMENT2+ years Service code 27 50 MONUMENT ROAD · BALA CYNWYD, PA 19004	Advisory (Plan)	$22,512
PENSERV PLAN SERVICES, INC.2+ years Service code 15 · EIN 27-6266021	Recordkeeping	$10,117

Plan features & details

Pension benefit codes2E2G2J2K2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$33K

$162 / participant

Investment mgmt$23K69.0%
Contract admin$10K31.0%

% of EOY assets

0.615%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRIEDMAN LLP
Auditor EIN: 131610809
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,155

$60,165-31.6%

$74,184-44.5%

$55,167-25.4%

Participation rate

60.7%

74.2%-13.5pp

76.6%-15.9pp

69.0%-8.3pp

Annual return

7.73%

10.00%-2.3pp

17.74%-10.0pp

169.23%-161.5pp

Employer contribution / active EE

$140

$1,600-91.2%

$2,370-94.1%

$1,963-92.9%

Participant deferral / active EE

$1,743

$2,973-41.4%

$3,550-50.9%

$3,054-42.9%

Admin fee / account holder

$253

$419-39.7%

$5,586-95.5%

$504-49.8%

Provider

Service type

Compensation

RUBICON ASSET MANAGEMENT2+ years

Service code 27

50 MONUMENT ROAD · BALA CYNWYD, PA 19004

Advisory (Plan)

$22,512

PENSERV PLAN SERVICES, INC.2+ years

Service code 15 · EIN 27-6266021

Recordkeeping

$10,117

SW ELECTRONICS AND MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SW ELECTRONICS AND MANUFACTURING CORPORATION 401(K) PROFIT SHARING 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