Retirement plan

SWINGTECH CONSULTING, INC. 401(K) PROFIT SHARING PLAN

Name: SWINGTECH CONSULTING, INC. - SWINGTECH CONSULTING, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SWINGTECH CONSULTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWINGTECH CONSULTING, INC. 401(K) PROFIT SHARING PLAN, SWINGTECH CONSULTING, INC.

SWINGTECH CONSULTING, INC.EIN 26-4774738Plan #001PY 2024

7701 GREENBELT RD STE 501 - GREENBELT, MD 207706523301-850-1685

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh retiree %Low participation

How to read this page

Total assets (EOY)

$10M

+34.5% from 2023

Total participants

370

+79.6% from 2023

Average account balance

$46,557

+29.5% from 2023

Annual return

22.32%

-17.85 pp from 2023

Benchmarks

See 6,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.96M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

214

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.

9.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+22.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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
THE VANGUARD GROUP, INC.1 year Filed as: THE VANGUARD GROUP, IN C. Service code 15 · EIN 23-1945930	Recordkeeping	$22,880
401KINABOX1 year Service code 13 6031 UNIVERSITY BLVD · ELLICOTT CITY, MD 21043	Contract Administrator	$10,400

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$19K

$111 / participant

Recordkeeping$19K100.0%

% of EOY assets

0.192%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REGAN, SCHICKNER, & HARPER LLC
Auditor EIN: 853625959
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,557

$101,499-54.1%

$147,005-68.3%

$74,546-37.5%

Participation rate

9.3%

75.5%-66.2pp

82.2%-72.9pp

67.2%-57.9pp

Annual return

22.32%

8732.34%-8710.0pp

418.76%-396.4pp

1366.03%-1343.7pp

Employer contribution / active EE

$4,756

$3,811+24.8%

$4,934-3.6%

$2,624+81.2%

Participant deferral / active EE

$6,715

$7,304-8.1%

$8,070-16.8%

$4,347+54.5%

Admin fee / account holder

$89

$1,748-94.9%

$13,006-99.3%

$1,944-95.4%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.1 year

Filed as: THE VANGUARD GROUP, IN C.

Service code 15 · EIN 23-1945930

Recordkeeping

$22,880

401KINABOX1 year

Service code 13

6031 UNIVERSITY BLVD · ELLICOTT CITY, MD 21043

Contract Administrator

$10,400

SWINGTECH CONSULTING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWINGTECH CONSULTING, 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