Retirement plan

SCANLON FIBER OPTICS, LLC 401(K) PROFIT SHARING PLAN

Name: SCANLON FIBER OPTICS, LLC - SCANLON FIBER OPTICS, LLC 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: SCANLON FIBER OPTICS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCANLON FIBER OPTICS, LLC 401(K) PROFIT SHARING PLAN, SCANLON FIBER OPTICS, LLC

SCANLON FIBER OPTICS, LLCEIN 26-0598725Plan #001PY 2016

1251 BERRYMAN AVENUE - BETHEL PARK, PA 15102412-287-9976scanlonfiberoptics.comLinkedIn11-50 employeestelecommunications

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$411K

No prior year

Total participants

No prior year

Average account balance

$45,646

No prior year

Annual return

8.02%

No prior year

Benchmarks

See 7,788 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort7,788 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.83M

Not enough data

1 years with asset history on file

Average account balance

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

$229K

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.

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.

44.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

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

+19.11%

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 codes2E2F2J2T3D

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).
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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$45,646

$96,562-52.7%

$80,976-43.6%

$273,968-83.3%

Participation rate

53.3%

79.1%-25.8pp

75.8%-22.5pp

83.0%-29.7pp

Annual return

8.02%

15.14%-7.1pp

17.10%-9.1pp

41.45%-33.4pp

Employer contribution / active EE

$2,230

$4,868-54.2%

$3,714-40.0%

$4,869-54.2%

Participant deferral / active EE

$3,586

$6,597-45.6%

$5,696-37.0%

$5,287-32.2%

Admin fee / account holder

$7,493-100.0%

$5,516-100.0%

$10,132-100.0%

SCANLON FIBER OPTICS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SCANLON FIBER OPTICS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion