Retirement plan

FIRST TEK 401(K) PLAN

Name: FIRST TEK, INC. - FIRST TEK 401(K) PLAN (2024) Form 5500
Creator: FIRST TEK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST TEK 401(K) PLAN, FIRST TEK, INC.

FIRST TEK, INC.EIN 22-3786614Plan #001PY 2024

371 HOES LANE, SUITE 201 - PISCATAWAY, NJ 08854732-745-0700first-tek.comLinkedIn1001-5000 employeesinformation technology and services

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4.9M

+2.2% from 2023

Total participants

305

+41.2% from 2023

Average account balance

$33,894

+9.9% from 2023

Annual return

14.98%

-1.96 pp from 2023

Benchmarks

See 6,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.91M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

145

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.

29.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$711K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$193

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
MUTUAL OF AMERICA SEC. CORP LLC1 year Service code 15 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping	$21,185
AMERICAN REALTY ADVISORS7 years Filed as: AMERICAN PENSION LLC Service code 13 186 SHERMAN AVE STE 2 · BERKELEY HEIGHTS, NJ 07922	Contract Administrator	$1,295
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,256

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

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

$28K

$122 / participant

Recordkeeping$22K78.4%
Investment mgmt$2K6.1%
Other / not subdivided$4K15.5%

% of EOY assets

0.568%

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: BDG-CPAS
Auditor EIN: 222625944
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,894

$101,499-66.6%

$147,005-76.9%

$74,546-54.5%

Participation rate

29.8%

75.5%-45.7pp

82.2%-52.3pp

67.2%-37.4pp

Annual return

14.98%

8732.34%-8717.4pp

418.76%-403.8pp

1366.03%-1351.1pp

Employer contribution / active EE

$3,811-100.0%

$4,934-100.0%

$2,624-100.0%

Participant deferral / active EE

$3,120

$7,304-57.3%

$8,070-61.3%

$4,347-28.2%

Admin fee / account holder

$193

$1,748-89.0%

$13,006-98.5%

$1,944-90.1%

Provider

Service type

Compensation

MUTUAL OF AMERICA SEC. CORP LLC1 year

Service code 15

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping

$21,185

AMERICAN REALTY ADVISORS7 years

Filed as: AMERICAN PENSION LLC

Service code 13

186 SHERMAN AVE STE 2 · BERKELEY HEIGHTS, NJ 07922

Contract Administrator

$1,295

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,256

FIRST TEK 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST TEK 401(K) 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