Retirement plan

ARTECH INFORMATION SYSTEMS, LLC 401K SAVINGS PLAN

Name: ARTECH INFORMATION SYSTEMS, LLC - ARTECH INFORMATION SYSTEMS, LLC 401K SAVINGS PLAN (2020) Form 5500
Creator: ARTECH INFORMATION SYSTEMS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARTECH INFORMATION SYSTEMS, LLC 401K SAVINGS PLAN, ARTECH INFORMATION SYSTEMS, LLC

ARTECH INFORMATION SYSTEMS, LLCEIN 22-3338103Plan #001PY 2020

360 MT. KEMBLE AVENUE SUITE 2000 - MORRISTOWN, NJ 07960973-604-7468artech.comLinkedIn5001-10000 employeesstaffing and recruiting

Prospect flagsLow participationLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$52.5M

+21.8% from 2019

Total participants

5,501

+8.7% from 2019

Average account balance

$12,402

-4.1% from 2019

Annual return

18.54%

-32.03 pp from 2019

Benchmarks

See 305 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort305 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$71.19M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

3,654

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.

69.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$118,197
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$25,559
KNAV P.A.1 year Filed as: KNAV PA Service code 10 990 HAMMOND DR STE 850 · ATLANTA, GA 30328	Accounting	$24,189
AMERICAN REALTY ADVISORS3 years Filed as: AMERICAN PENSION LLC Service code 13 186 SHERMAN AVE STE 2 · BERKELEY HEIGHTS, NJ 07922	Contract Administrator	$10,906
FICKE & ASSOCIATES INC1 year Service code 99 271 US HWY 46 STE A201 · FAIRFIELD, NJ 07004	Other Fees	$342

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$175K

$51 / participant

Contract admin$175K100.0%

% of EOY assets

0.333%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KNAV P.A.
Auditor EIN: 202751082
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,402

$46,219-73.2%

$89,391-86.1%

$90,288-86.3%

Participation rate

62.8%

44.9%+17.9pp

68.0%-5.2pp

73.4%-10.6pp

Annual return

18.54%

25.71%-7.2pp

245.62%-227.1pp

53.97%-35.4pp

Employer contribution / active EE

$953-100.0%

$2,586-100.0%

$2,524-100.0%

Participant deferral / active EE

$3,749

$2,136+75.5%

$3,890-3.6%

$4,232-11.4%

Admin fee / account holder

$41

$147-71.9%

$4,881-99.2%

$114-63.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$118,197

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$25,559

KNAV P.A.1 year

Filed as: KNAV PA

Service code 10

990 HAMMOND DR STE 850 · ATLANTA, GA 30328

Accounting

$24,189

AMERICAN REALTY ADVISORS3 years

Filed as: AMERICAN PENSION LLC

Service code 13

186 SHERMAN AVE STE 2 · BERKELEY HEIGHTS, NJ 07922

Contract Administrator

$10,906

FICKE & ASSOCIATES INC1 year

Service code 99

271 US HWY 46 STE A201 · FAIRFIELD, NJ 07004

Other Fees

$342

ARTECH INFORMATION SYSTEMS, LLC 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARTECH INFORMATION SYSTEMS, LLC 401K SAVINGS 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