Retirement plan

EDGECONNEX INC. 401(K) PLAN

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

EDGECONNEX INC.EIN 27-1401074Plan #001PY 2018

2201 COOPERATIVE WAY, SUITE 200 - HERNDON, VA 20171703-880-5404edgeconnex.comLinkedIn201-500 employeestelecommunications

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$8.7M

+22.7% from 2017

Total participants

125

+12.6% from 2017

Average account balance

$75,433

+2.4% from 2017

Annual return

8.05%

-19.89 pp from 2017

Benchmarks

See 865 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort865 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.75M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

227

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.

98.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+19.60%

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

1 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 codes2E2F2G2J2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$599K

$5601 / participant

Other / not subdivided$599K100.0%

% of EOY assets

6.909%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$75,433

$61,214+23.2%

$83,327-9.5%

$56,289+34.0%

Participation rate

90.7%

72.6%+18.1pp

77.8%+12.9pp

69.9%+20.8pp

Annual return

8.05%

0.42%+7.6pp

10.64%-2.6pp

-9.96%+18.0pp

Employer contribution / active EE

$3,934

$1,925+104.3%

$3,379+16.4%

$2,111+86.4%

Participant deferral / active EE

$11,152

$5,091+119.0%

$5,565+100.4%

$3,350+232.9%

Admin fee / account holder

$5,211

$512+918.7%

$7,540-30.9%

$521+900.3%

EDGECONNEX INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDGECONNEX 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