Retirement plan

SOLU TECHNOLOGY PARTNERS 401(K) PLAN

Name: CLF ONTARIO, INC. D/B/A SOLU TECHNOLOGY PARTNERS - SOLU TECHNOLOGY PARTNERS 401(K) PLAN (2017) Form 5500
Creator: CLF ONTARIO, INC. D/B/A SOLU TECHNOLOGY PARTNERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOLU TECHNOLOGY PARTNERS 401(K) PLAN, CLF ONTARIO, INC. D/B/A SOLU TECHNOLOGY PARTNERS

CLF ONTARIO, INC. D/B/A SOLU TECHNOLOGY PARTNERSEIN 26-1661474Plan #001PY 2017

7647 MAIN ST. FISHERS - VICTOR, NY 145642707585-869-6100LinkedIn51-200 employeescomputer software

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$9.6M

+32.7% from 2016

Total participants

280

+23.9% from 2016

Average account balance

$53,730

+11.0% from 2016

Annual return

21.34%

+11.15 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.21M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

213

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.

53.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.93M

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

+15.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$255

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 15 · EIN 31-1592130	Recordkeeping	$42,022
COMMONWEALTH FINANCIAL NETWORK2 years Service code 28 ONE UNIVERSITY PARK · WALTHAM, MA 02453	Investment Management	$36,224
BENEFIT PLANS ADMIN SERVICES, INC.1 year Filed as: BENEFIT PLANS ADMIN SERVICE Service code 34 · EIN 15-0405820	Valuation (appraisals, etc.)	$1,500

Plan features & details

Pension benefit codes2E2J2K2G3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

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: RDG + PARTNERS CPAS, PLLC
Auditor EIN: 203723571
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,730

$80,753-33.5%

$136,298-60.6%

$62,293-13.7%

Participation rate

58.5%

73.5%-15.0pp

81.9%-23.4pp

69.5%-11.0pp

Annual return

21.34%

35.83%-14.5pp

5156.27%-5134.9pp

28.90%-7.6pp

Employer contribution / active EE

$403

$2,884-86.0%

$4,696-91.4%

$2,042-80.3%

Participant deferral / active EE

$4,250

$5,164-17.7%

$6,247-32.0%

$3,169+34.1%

Admin fee / account holder

$525-100.0%

$9,244-100.0%

$479-100.0%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15 · EIN 31-1592130

Recordkeeping

$42,022

COMMONWEALTH FINANCIAL NETWORK2 years

Service code 28

ONE UNIVERSITY PARK · WALTHAM, MA 02453

Investment Management

$36,224

BENEFIT PLANS ADMIN SERVICES, INC.1 year

Filed as: BENEFIT PLANS ADMIN SERVICE

Service code 34 · EIN 15-0405820

Valuation (appraisals, etc.)

$1,500

SOLU TECHNOLOGY PARTNERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SOLU TECHNOLOGY PARTNERS 401(K) 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