Retirement plan

SECTEK, INC. SCA EMPLOYEES RETIREMENT PLAN

Name: SECTEK, INC. - SECTEK, INC. SCA EMPLOYEES RETIREMENT PLAN (2019) Form 5500
Creator: SECTEK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECTEK, INC. SCA EMPLOYEES RETIREMENT PLAN, SECTEK, INC.

SECTEK, INC.EIN 34-1726791Plan #004PY 2019

1930 ISAAC NEWTON SQUARE, SUITE 100 - RESTON, VA 20190571-234-4688sectek.comLinkedIn1001-5000 employeessecurity and investigations

Other plans on this EIN

2 filings

#002Retirement-$3.8M assets #003Retirement-$583K assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$2.6M

+24.2% from 2018

Total participants

726

+15.8% from 2018

Average account balance

$12,363

+41.4% from 2018

Annual return

18.90%

+26.89 pp from 2018

Benchmarks

See 689 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort689 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$131K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-103.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 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
BURDETTE SMITH & BISH LLC3 years Service code 10 · EIN 45-4037800 4114 LEGATO ROAF · FAIRFAX, VA 22033	Accounting	$18,000
ALERUS FINANCIAL, N.A.5+ years Service code 15 · EIN 45-6062081 2 PINE TREE DRIVE · ARDEN HILLS, MN 55112	Recordkeeping	$16,608

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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$17K

$25 / participant

Investment mgmt$12K69.3%
Contract admin$5K30.7%

% of EOY assets

0.643%

all-in expense ratio

Categories reported

2 / 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: SC&H ATTEST SERVICES, P.C.
Auditor EIN: 521743645
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,363

$40,522-69.5%

$84,628-85.4%

$67,579-81.7%

Participation rate

23.4%

51.1%-27.7pp

68.2%-44.8pp

71.3%-47.9pp

Annual return

18.90%

32.72%-13.8pp

258.80%-239.9pp

378.56%-359.7pp

Employer contribution / active EE

$1,164

$1,146+1.5%

$2,653-56.1%

$2,148-45.8%

Participant deferral / active EE

$2,132-100.0%

$3,900-100.0%

$3,539-100.0%

Admin fee / account holder

$79

$145-45.3%

$4,914-98.4%

$142-44.2%

Provider

Service type

Compensation

BURDETTE SMITH & BISH LLC3 years

Service code 10 · EIN 45-4037800

4114 LEGATO ROAF · FAIRFAX, VA 22033

Accounting

$18,000

ALERUS FINANCIAL, N.A.5+ years

Service code 15 · EIN 45-6062081

2 PINE TREE DRIVE · ARDEN HILLS, MN 55112

Recordkeeping

$16,608

SECTEK, INC. SCA EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECTEK, INC. SCA EMPLOYEES RETIREMENT 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