Retirement plan

SOLU TECHNOLOGY PARTNERS 401(K) PLAN

Name: CLF ONTARIO, INC. D/B/A SOLU TECHNOLOGY PARTNERS - SOLU TECHNOLOGY PARTNERS 401(K) PLAN (2020) 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 2020

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)

$15.8M

+27.2% from 2019

Total participants

286

-12.3% from 2019

Average account balance

$76,925

+60.5% from 2019

Annual return

19.92%

-6.78 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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 4 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK5 years Service code 52 ONE UNIVERSITY PARK · WALTHAM, MA 02453	Indirect Investment Fees	$39,342
NATIONWIDE6+ years Service code 15 · EIN 31-4156830	Recordkeeping	$30,717
RDG & PARTNERS CPAS, PLLC1 year Filed as: RDG + PARTNERS CPAS, PLLC Service code 10 · EIN 20-3723571	Accounting	$10,350
BENEFIT PLANS ADMIN SERVICES, INC.4 years Filed as: BENEFIT PLANS ADMIN SERVICE Service code 34 · EIN 15-0405820	Valuation (appraisals, etc.)	$1,920

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

$76,925

$99,957-23.0%

$149,715-48.6%

$73,493+4.7%

Participation rate

66.9%

75.7%-8.8pp

82.5%-15.5pp

70.7%-3.7pp

Annual return

19.92%

53.87%-33.9pp

276.66%-256.7pp

28.51%-8.6pp

Employer contribution / active EE

$669

$3,191-79.0%

$4,645-85.6%

$2,270-70.5%

Participant deferral / active EE

$6,281

$6,073+3.4%

$6,842-8.2%

$3,740+67.9%

Admin fee / account holder

$551-100.0%

$9,310-100.0%

$513-100.0%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK5 years

Service code 52

ONE UNIVERSITY PARK · WALTHAM, MA 02453

Indirect Investment Fees

$39,342

NATIONWIDE6+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$30,717

RDG & PARTNERS CPAS, PLLC1 year

Filed as: RDG + PARTNERS CPAS, PLLC

Service code 10 · EIN 20-3723571

Accounting

$10,350

BENEFIT PLANS ADMIN SERVICES, INC.4 years

Filed as: BENEFIT PLANS ADMIN SERVICE

Service code 34 · EIN 15-0405820

Valuation (appraisals, etc.)

$1,920

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