Retirement plan

C3 IOT, INC. 401(K) PLAN

Name: C3 IOT, INC. - C3 IOT, INC. 401(K) PLAN (2018) Form 5500
Creator: C3 IOT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, C3 IOT, INC. 401(K) PLAN, C3 IOT, INC.

C3 IOT, INC.EIN 26-3999357Plan #001PY 2018

1300 SEAPORT BOULEVARD, SUITE 500 - REDWOOD CITY, CA 94063650-503-2200c3.aiLinkedIn1001-5000 employeescomputer software

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6.8M

+15.7% from 2017

Total participants

265

+51.4% from 2017

Average account balance

$37,971

-30.0% from 2017

Annual return

-1.04%

-23.27 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$60.11M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

833

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.

70.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+23.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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 2 by compensation

Provider	Service type	Compensation
WESPAC PLAN SERVICES, LLC4+ years Filed as: WESPAC ADVISORS, LLC Service code 27 · EIN 26-2824668 519 17TH STREET, 5TH FLOOR · OAKLAND, CA 94612	Advisory (Plan)	$29,504
WESPAC PLAN SERVICES, LLC4+ years Service code 15 · EIN 26-2824865 519 17TH STREET · OAKLAND, CA 94612	Recordkeeping	$13,297

Plan features & details

Pension benefit codes2F2J2K2T2R3D

Plan features

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$43K

$191 / participant

Investment mgmt$30K68.9%
Other / not subdivided$13K31.1%

% of EOY assets

0.626%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

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: SUN & ASSOCIATES, CPA
Auditor EIN: 202064262
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,971

$73,102-48.1%

$123,553-69.3%

$56,289-32.5%

Participation rate

62.1%

74.3%-12.3pp

82.3%-20.2pp

69.9%-7.8pp

Annual return

-1.04%

3.01%-4.0pp

119.21%-120.2pp

-9.96%+8.9pp

Employer contribution / active EE

$2,977-100.0%

$4,628-100.0%

$2,111-100.0%

Participant deferral / active EE

$8,486

$5,423+56.5%

$6,426+32.1%

$3,350+153.3%

Admin fee / account holder

$238

$554-57.1%

$9,284-97.4%

$521-54.4%

Provider

Service type

Compensation

WESPAC PLAN SERVICES, LLC4+ years

Filed as: WESPAC ADVISORS, LLC

Service code 27 · EIN 26-2824668

519 17TH STREET, 5TH FLOOR · OAKLAND, CA 94612

Advisory (Plan)

$29,504

WESPAC PLAN SERVICES, LLC4+ years

Service code 15 · EIN 26-2824865

519 17TH STREET · OAKLAND, CA 94612

Recordkeeping

$13,297

C3 IOT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

C3 IOT, INC. 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