Retirement plan

DEEPSEA POWER & LIGHT,INC. 401(K)RETIREMENT SAVINGS PLAN

Name: DEEPSEA POWER & LIGHT,INC. - DEEPSEA POWER & LIGHT,INC. 401(K)RETIREMENT SAVINGS PLAN (2015) Form 5500
Creator: DEEPSEA POWER & LIGHT,INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEEPSEA POWER & LIGHT,INC. 401(K)RETIREMENT SAVINGS PLAN, DEEPSEA POWER & LIGHT,INC.

DEEPSEA POWER & LIGHT,INC.EIN 33-0277383Plan #001PY 2015

3855 RUFFIN ROAD - SAN DIEGO, CA 921231813858-576-1261seescan.comLinkedIn201-500 employeesmechanical or industrial engineering

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$7.3M

No prior year

Total participants

276

No prior year

Average account balance

$38,874

No prior year

Annual return

-0.71%

No prior year

Benchmarks

See 4,662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort4,662 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.26M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

395

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200

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
SAN DIEGO PENSION CONSULTANTS1+ years Service code 13 5628 COPLEY DRIVE · SAN DIEGO, CA 92111	Contract Administrator	$6,033
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Service code 15 · EIN 01-0233346	Recordkeeping	$884
SAGEPOINT FINANCIAL INC1+ years Filed as: SAGEPOINT FINANCIAL Service code 26 9171 TOWNE CENTER DRIVE · SAN DIEGO, CA 92122	Advisory (Participants)	$0

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

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.

Expense breakdown

Schedule H Part II

Admin total

$13K

$54 / participant

Investment mgmt$13K100.0%

% of EOY assets

0.178%

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: MULLER KING & COMPANY PC
Auditor EIN: 470978736
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,874

$70,002-44.5%

$115,037-66.2%

$52,331-25.7%

Participation rate

64.2%

72.1%-7.9pp

81.4%-17.2pp

68.1%-3.9pp

Annual return

-0.71%

4.04%-4.8pp

26.14%-26.9pp

4.54%-5.3pp

Employer contribution / active EE

$2,715-100.0%

$4,608-100.0%

$1,882-100.0%

Participant deferral / active EE

$2,257

$4,920-54.1%

$6,026-62.6%

$3,022-25.3%

Admin fee / account holder

$69

$566-87.8%

$8,175-99.2%

$592-88.3%

Provider

Service type

Compensation

SAN DIEGO PENSION CONSULTANTS1+ years

Service code 13

5628 COPLEY DRIVE · SAN DIEGO, CA 92111

Contract Administrator

$6,033

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$884

SAGEPOINT FINANCIAL INC1+ years

Filed as: SAGEPOINT FINANCIAL

Service code 26

9171 TOWNE CENTER DRIVE · SAN DIEGO, CA 92122

Advisory (Participants)

DEEPSEA POWER & LIGHT,INC. 401(K)RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEEPSEA POWER & LIGHT,INC. 401(K)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