Retirement plan

STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN

Name: STONY BROOK BUSINESS VENTURES, LLC - STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN (2019) Form 5500
Creator: STONY BROOK BUSINESS VENTURES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN, STONY BROOK BUSINESS VENTURES, LLC

STONY BROOK BUSINESS VENTURES, LLCEIN 27-3466435Plan #001PY 2019

500 COMMACK ROAD, SUITE 206 - COMMACK, NY 11725631-615-8264sbbusinessventures.orgLinkedIn201-500 employees

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$43.2M

+40.5% from 2018

Total participants

890

-3.3% from 2018

Average account balance

$52,722

+43.1% from 2018

Annual return

26.39%

+27.36 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83.38M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

2,184

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.

79.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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
UBS FINANCIAL SERVICES INC5+ years Service code 27 · EIN 13-2638166	Advisory (Plan)	$74,098
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	-$10,036

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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$64K

$82 / participant

Other / not subdivided$64K100.0%

% of EOY assets

0.148%

all-in expense ratio

Categories reported

0 / 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: GETTRY MARCUS, CPA, P.C.
Auditor EIN: 133418879
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,722

$62,928-16.2%

$172,752-69.5%

$67,579-22.0%

Participation rate

90.9%

64.5%+26.5pp

82.6%+8.3pp

71.3%+19.7pp

Annual return

26.39%

30.36%-4.0pp

802.97%-776.6pp

378.56%-352.2pp

Employer contribution / active EE

$3,326

$1,636+103.3%

$5,144-35.3%

$2,148+54.9%

Participant deferral / active EE

$3,864

$2,145+80.1%

$5,198-25.7%

$3,539+9.2%

Admin fee / account holder

$78

$167-53.1%

$13,955-99.4%

$142-45.0%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC5+ years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$74,098

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$10,036

STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STONY BROOK BUSINESS VENTURES, 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