Retirement plan

SYNCSORT INCORPORATED 401(K) PROFIT SHARING PLAN

Name: SYNCSORT INCORPORATED - SYNCSORT INCORPORATED 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: SYNCSORT INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYNCSORT INCORPORATED 401(K) PROFIT SHARING PLAN, SYNCSORT INCORPORATED

SYNCSORT INCORPORATEDEIN 22-1854351Plan #001PY 2020

2 BLUE HILL PLAZA #1563 - PEARL RIVER, NY 10965201-930-9700

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$218.3M

-9.5% from 2016

Total participants

1,195

-2.6% from 2016

Average account balance

$203,408

-7.7% from 2016

Annual return

54.68%

-7.73 pp from 2016

Benchmarks

See 523 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort523 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$329.38M

Not enough data

1 years with asset history on file

Average account balance

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

$202K

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.

1,631

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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
SAGEVIEW ADVISORY GROUP, LLC3 years Service code 27 4000 MACATHUR BLVD STE 1050 · NEWPORT BEACH, CA 92660	Advisory (Plan)	$45,000
GRANT THORNTON LLP1 year Filed as: LLP GRANT THORNTON Service code 10 33562 TREASURY CENTER · CHICAGO, IL 606943500	Accounting	$20,400
JPMORGAN INVEST HOLDINGS LLC6+ years Service code 50 · EIN 13-2624428	Direct Payment	$8,298
CHARLES SCHWAB & CO., INC.4 years Service code 33 · EIN 94-1737782	Direct payment from the plan; Securit...	$187

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$294K

$338 / participant

Contract admin$74K25.1%
Other / not subdivided$221K74.9%

% of EOY assets

0.135%

all-in expense ratio

Categories reported

1 / 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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$203,408

$78,781+158.2%

$100,540+102.3%

$73,415+177.1%

Participation rate

86.0%

80.0%+6.0pp

79.4%+6.6pp

72.2%+13.8pp

Annual return

54.68%

31.69%+23.0pp

30.90%+23.8pp

59.30%-4.6pp

Employer contribution / active EE

$1,414

$2,420-41.6%

$3,419-58.6%

$2,234-36.7%

Participant deferral / active EE

$10,478

$6,537+60.3%

$6,272+67.1%

$3,806+175.3%

Admin fee / account holder

$274

$145+88.8%

$8,082-96.6%

$158+73.8%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC3 years

Service code 27

4000 MACATHUR BLVD STE 1050 · NEWPORT BEACH, CA 92660

Advisory (Plan)

$45,000

GRANT THORNTON LLP1 year

Filed as: LLP GRANT THORNTON

Service code 10

33562 TREASURY CENTER · CHICAGO, IL 606943500

Accounting

$20,400

JPMORGAN INVEST HOLDINGS LLC6+ years

Service code 50 · EIN 13-2624428

Direct Payment

$8,298

CHARLES SCHWAB & CO., INC.4 years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Securit...

$187

SYNCSORT INCORPORATED 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYNCSORT INCORPORATED 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