Retirement plan

SUMO LOGIC, INC. RETIREMENT SAVINGS PLAN

Name: SUMO LOGIC, INC. - SUMO LOGIC, INC. RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: SUMO LOGIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUMO LOGIC, INC. RETIREMENT SAVINGS PLAN, SUMO LOGIC, INC.

SUMO LOGIC, INC.EIN 27-2234444Plan #001PY 2020

305 MAIN ST. 3RD, FLOOR - REDWOOD CITY, CA 94063650-395-7540sumologic.comLinkedIn501-1000 employeescomputer software

Prospect flagsHigh cashLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$18.7M

+56.6% from 2019

Total participants

609

-9.9% from 2019

Average account balance

$45,605

-5.9% from 2019

Annual return

26.63%

-7.59 pp from 2019

Benchmarks

See 523 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort523 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.77M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

672

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.

83.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.58M

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

+25.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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 3 by compensation

Provider	Service type	Compensation
SLAVIC INTEGRATED ADMINISTRATION6+ years Service code 15 · EIN 65-0608221 1075 BROKEN SOUND PKWY NW · BOCA RATON, FL 33487	Recordkeeping	$41,076
SLAVIC INTEGRATED ADMINISTRATION4 years Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP Service code 28 · EIN 59-2749576 1075 BROKEN SOUND PKWY NW · BOCA RATON, FL 33487	Investment Management	$15,664
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 60 · EIN 04-2647786	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$57K

$113 / participant

Other / not subdivided$57K100.0%

% of EOY assets

0.303%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,605

$78,781-42.1%

$100,535-54.6%

$73,412-37.9%

Participation rate

60.6%

80.0%-19.4pp

79.4%-18.8pp

72.2%-11.5pp

Annual return

26.63%

31.69%-5.1pp

30.90%-4.3pp

59.30%-32.7pp

Employer contribution / active EE

$2,420-100.0%

$3,419-100.0%

$2,234-100.0%

Participant deferral / active EE

$9,544

$6,537+46.0%

$6,271+52.2%

$3,806+150.8%

Admin fee / account holder

$138

$145-5.0%

$8,085-98.3%

$158-12.6%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION6+ years

Service code 15 · EIN 65-0608221

1075 BROKEN SOUND PKWY NW · BOCA RATON, FL 33487

Recordkeeping

$41,076

SLAVIC INTEGRATED ADMINISTRATION4 years

Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP

Service code 28 · EIN 59-2749576

1075 BROKEN SOUND PKWY NW · BOCA RATON, FL 33487

Investment Management

$15,664

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 60 · EIN 04-2647786

Sub-TA Fees

SUMO LOGIC, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUMO LOGIC, INC. RETIREMENT SAVINGS 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