Retirement plan

HYLA SOFT, INC. 401(K) PROFIT SHARING PLAN

Name: IT-SOFT USA, INC. D/B/A HYLA SOFT, INC. - HYLA SOFT, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: IT-SOFT USA, INC. D/B/A HYLA SOFT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HYLA SOFT, INC. 401(K) PROFIT SHARING PLAN, IT-SOFT USA, INC. D/B/A HYLA SOFT, INC.

IT-SOFT USA, INC. D/B/A HYLA SOFT, INC.EIN 22-3932852Plan #001PY 2016

55 W. MONROE, SUITE 2575 - CHICAGO, IL 60603630-652-0045

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$976K

+52.4% from 2015

Total participants

+31.8% from 2015

Average account balance

$31,469

+27.9% from 2015

Annual return

11.65%

+14.25 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-99.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$33K

$593 / participant

Other / not subdivided$33K100.0%

% of EOY assets

3.344%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,469

$76,551-58.9%

$123,894-74.6%

$62,881-50.0%

Participation rate

50.9%

73.0%-22.1pp

81.4%-30.5pp

69.3%-18.4pp

Annual return

11.65%

18.68%-7.0pp

47.52%-35.9pp

20.14%-8.5pp

Employer contribution / active EE

$1,261

$2,882-56.2%

$4,617-72.7%

$2,281-44.7%

Participant deferral / active EE

$3,966

$4,840-18.1%

$5,984-33.7%

$3,203+23.8%

Admin fee / account holder

$1,052

$4,826-78.2%

$8,357-87.4%

$4,296-75.5%

HYLA SOFT, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HYLA SOFT, 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