Retirement plan

MYCOMPUTERCAREER, INC. 401(K) PLAN

Name: MYCOMPUTERCAREER, INC - MYCOMPUTERCAREER, INC. 401(K) PLAN (2020) Form 5500
Creator: MYCOMPUTERCAREER, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MYCOMPUTERCAREER, INC. 401(K) PLAN, MYCOMPUTERCAREER, INC

MYCOMPUTERCAREER, INCEIN 35-2307391Plan #001PY 2020

346 RALEIGH STREET - HOLLY SPRINGS, NC 27540919-278-7945mycomputercareer.eduLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow assets / participantLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.3M

+396.8% from 2018

Total participants

257

-33.4% from 2018

Average account balance

$19,637

+185.5% from 2018

Annual return

58.25%

+68.85 pp from 2018

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.79M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

575

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.

85.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$119

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 10 of 11 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$23,467
BAIRD FUNDS1 year Service code 28 P.O. BOX 701 · MILWAUKEE, WI 53201	Investment Management	$0
DELAWARE FUNDS1 year Service code 28 100 INDEPENDENCE · PHILADELPHIA, PA 19106	Investment Management	$0
EAGLEASSET1 year Service code 28 · EIN 59-3171014	Investment Management	$0
ALGER1 year Filed as: FRED ALGER FUNDS Service code 28 P.O. BOX 8480 · BOSTON, MA 022668480	Investment Management	$0
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK FUNDS Service code 28 · EIN 04-3483032	Investment Management	$0
MFS INVESTMENT MANAGEMENT1 year Filed as: MFS FUNDS Service code 28 · EIN 04-2747644	Investment Management	$0
PIONEER1 year Service code 28 · EIN 13-5657669	Investment Management	$0
RELIANCE TRUST COMPANY1 year Service code 28 1100 ABERNATHY ROAD 500 NORTHPARK · ATLANTA, GA 30328	Investment Management	$0
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T2S3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$27K

$155 / participant

Other / not subdivided$27K100.0%

% of EOY assets

0.631%

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: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,637

$99,957-80.4%

$149,715-86.9%

$73,493-73.3%

Participation rate

79.7%

75.7%+4.0pp

82.5%-2.8pp

70.7%+9.0pp

Annual return

58.25%

53.87%+4.4pp

276.66%-218.4pp

28.51%+29.7pp

Employer contribution / active EE

$3,692

$3,191+15.7%

$4,645-20.5%

$2,270+62.6%

Participant deferral / active EE

$6,188

$6,073+1.9%

$6,842-9.6%

$3,740+65.5%

Admin fee / account holder

$124

$551-77.5%

$9,310-98.7%

$513-75.9%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$23,467

BAIRD FUNDS1 year

Service code 28

P.O. BOX 701 · MILWAUKEE, WI 53201

Investment Management

DELAWARE FUNDS1 year

Service code 28

100 INDEPENDENCE · PHILADELPHIA, PA 19106

Investment Management

EAGLEASSET1 year

Service code 28 · EIN 59-3171014

Investment Management

ALGER1 year

Filed as: FRED ALGER FUNDS

Service code 28

P.O. BOX 8480 · BOSTON, MA 022668480

Investment Management

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK FUNDS

Service code 28 · EIN 04-3483032

Investment Management

MFS INVESTMENT MANAGEMENT1 year

Filed as: MFS FUNDS

Service code 28 · EIN 04-2747644

Investment Management

PIONEER1 year

Service code 28 · EIN 13-5657669

Investment Management

RELIANCE TRUST COMPANY1 year

Service code 28

1100 ABERNATHY ROAD 500 NORTHPARK · ATLANTA, GA 30328

Investment Management

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

MYCOMPUTERCAREER, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MYCOMPUTERCAREER, INC. 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