Retirement plan

CYBERTHINK, INC. 401(K) PROFIT SHARING PLAN

Name: CYBERTHINK, INC. - CYBERTHINK, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: CYBERTHINK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CYBERTHINK, INC. 401(K) PROFIT SHARING PLAN, CYBERTHINK, INC.

CYBERTHINK, INC.EIN 22-3471647Plan #001PY 2019

685 ROUTE 202/206, STE 101 - BRIDGEWATER, NJ 08807908-429-8008cyberthink.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$10M

+27.9% from 2018

Total participants

296

+2.4% from 2018

Average account balance

$45,346

+27.3% from 2018

Annual return

25.48%

+30.71 pp from 2018

Benchmarks

See 1,045 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,045 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.03M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

273

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.

77.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$974K

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

+12.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$37

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 3 by compensation

Provider	Service type	Compensation
JANNEY MONTGOMERY SCOTT LLC5+ years Service code 55 · EIN 23-1918844	Other Commissions	$18,547
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	$5,005
RAYMOND JAMES FINANCIAL SERVICES1 year Service code 55 · EIN 59-2937883	Other Commissions	$1,789

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$5K

$26 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.050%

all-in expense ratio

Categories reported

0 / 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: ROSENBERG RICH BAKER BERMAN & COMP
Auditor EIN: 223271252
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,346

$38,365+18.2%

$84,628-46.4%

$65,185-30.4%

Participation rate

60.0%

55.7%+4.3pp

68.2%-8.2pp

70.2%-10.2pp

Annual return

25.48%

32.00%-6.5pp

258.80%-233.3pp

29.38%-3.9pp

Employer contribution / active EE

$1,258-100.0%

$2,653-100.0%

$2,177-100.0%

Participant deferral / active EE

$4,555

$2,278+99.9%

$3,900+16.8%

$3,514+29.6%

Admin fee / account holder

$23

$451-95.0%

$4,914-99.5%

$847-97.3%

Provider

Service type

Compensation

JANNEY MONTGOMERY SCOTT LLC5+ years

Service code 55 · EIN 23-1918844

Other Commissions

$18,547

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

$5,005

RAYMOND JAMES FINANCIAL SERVICES1 year

Service code 55 · EIN 59-2937883

Other Commissions

$1,789

CYBERTHINK, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CYBERTHINK, INC. 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