Retirement plan

JOEMAX TELECOM 401(K) PLAN

Name: JOEMAX TELECOM, LLC - JOEMAX TELECOM 401(K) PLAN (2016) Form 5500
Creator: JOEMAX TELECOM, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOEMAX TELECOM 401(K) PLAN, JOEMAX TELECOM, LLC

JOEMAX TELECOM, LLCEIN 34-1983192Plan #001PY 2016

18 HANKINS FARM ROAD - ALLENTOWN, NJ 08501732-620-5662joemaxtelecom.comLinkedIn11-50 employeestelecommunications

Other plans on this EIN

1 filing

#002Retirement-$316K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+47.2% from 2015

Total participants

+15.0% from 2015

Average account balance

$44,045

+34.6% from 2015

Annual return

6.45%

+10.10 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.89M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

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.

142.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$708K

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

+10.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3603

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,045

$76,551-42.5%

$123,894-64.4%

$62,881-30.0%

Participation rate

75.0%

73.0%+2.0pp

81.4%-6.4pp

69.3%+5.7pp

Annual return

6.45%

18.68%-12.2pp

47.52%-41.1pp

20.14%-13.7pp

Employer contribution / active EE

$4,220

$2,882+46.4%

$4,617-8.6%

$2,281+85.0%

Participant deferral / active EE

$5,474

$4,840+13.1%

$5,984-8.5%

$3,203+70.9%

Admin fee / account holder

$4,826-100.0%

$8,357-100.0%

$4,296-100.0%

JOEMAX TELECOM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

JOEMAX TELECOM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion