Retirement plan

STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN

Name: STONY BROOK BUSINESS VENTURES, LLC - STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN (2020) 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 2020

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)

$55.7M

+29.0% from 2019

Total participants

948

+6.5% from 2019

Average account balance

$66,608

+26.3% from 2019

Annual return

19.04%

-7.35 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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 INC6+ years Service code 27 · EIN 13-2638166	Advisory (Plan)	$99,937
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$4,430

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

$104K

$140 / participant

Other / not subdivided$104K100.0%

% of EOY assets

0.187%

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

$66,608

$52,293+27.4%

$178,499-62.7%

$73,412-9.3%

Participation rate

85.0%

65.3%+19.6pp

81.9%+3.0pp

72.2%+12.8pp

Annual return

19.04%

34.75%-15.7pp

151.10%-132.1pp

59.30%-40.3pp

Employer contribution / active EE

$3,656

$1,735+110.7%

$5,011-27.0%

$2,234+63.7%

Participant deferral / active EE

$4,660

$2,332+99.8%

$5,202-10.4%

$3,806+22.5%

Admin fee / account holder

$125

$127-2.0%

$13,986-99.1%

$158-20.9%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC6+ years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$99,937

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$4,430

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