Retirement plan

SEV1TECH, LLC 401(K) PLAN

Name: SEV1TECH, LLC - SEV1TECH, LLC 401(K) PLAN (2020) Form 5500
Creator: SEV1TECH, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEV1TECH, LLC 401(K) PLAN, SEV1TECH, LLC

SEV1TECH, LLCEIN 27-2015706Plan #001PY 2020

12700 BLACK FOREST LANE, SUITE 306 - WOODBRIDGE, VA 22192703-496-3776sev1tech.comLinkedIn501-1000 employeesinformation technology and services

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$52M

+332.3% from 2019

Total participants

946

+226.2% from 2019

Average account balance

$56,869

+37.2% from 2019

Annual return

346.32%

+318.57 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$115.19M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

1,446

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.92M

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

+14.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$204

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 3 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK1 year Service code 27 · EIN 04-2675571	Advisory (Plan)	$68,996
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	$48,497
FOUNDATIONS INVESTMENT ADVISORS LLC4 years Service code 26 · EIN 47-3274207	Advisory (Participants)	$2,246

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$130K

$215 / participant

Investment mgmt$5K3.6%
Other / not subdivided$125K96.4%

% of EOY assets

0.250%

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: ARONSON LLC
Auditor EIN: 371611326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,869

$100,801-43.6%

$149,745-62.0%

$73,412-22.5%

Participation rate

94.7%

77.7%+17.0pp

82.5%+12.2pp

72.2%+22.5pp

Annual return

346.32%

265.34%+81.0pp

276.72%+69.6pp

59.30%+287.0pp

Employer contribution / active EE

$3,156

$3,312-4.7%

$4,646-32.1%

$2,234+41.3%

Participant deferral / active EE

$7,783

$6,404+21.5%

$6,843+13.7%

$3,806+104.5%

Admin fee / account holder

$142

$181-21.3%

$9,312-98.5%

$158-9.9%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 27 · EIN 04-2675571

Advisory (Plan)

$68,996

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

$48,497

FOUNDATIONS INVESTMENT ADVISORS LLC4 years

Service code 26 · EIN 47-3274207

Advisory (Participants)

$2,246

SEV1TECH, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEV1TECH, LLC 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