Retirement plan

BLUE JAY COMMUNICATIONS, INC. CASH BALANCE PENSION PLAN AND TRUST

Name: BLUE JAY COMMUNICATIONS, INC. - BLUE JAY COMMUNICATIONS, INC. CASH BALANCE PENSION PLAN AND TRUST (2020) Form 5500
Creator: BLUE JAY COMMUNICATIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUE JAY COMMUNICATIONS, INC. CASH BALANCE PENSION PLAN AND TRUST, BLUE JAY COMMUNICATIONS, INC.

BLUE JAY COMMUNICATIONS, INC.EIN 37-1453159Plan #002PY 2020

7500 ASSOCIATE AVE - BROOKLYN HEIGHTS, OH 44144216-661-7111bluejaycommunications.comLinkedIn51-200 employeestelecommunications

Other plans on this EIN

1 filing

#001Retirement-$1.3M assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$478K

+13.8% from 2019

Total participants

-40.7% from 2019

Average account balance

No prior year

Annual return

13.76%

-4.04 pp from 2019

Benchmarks

See 87 peers

Peer group

Industry51 - Information

Plan typeDefined benefit

Participants25-99

Cohort87 peers

Snapshot2020

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

Not enough data

0 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

-4.16%

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

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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.

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C1D1I3D

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1D
Floor-offset plan
Defined benefit plan whose benefits are offset by retirement benefits provided under an employer-sponsored defined contribution plan.
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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

$198,586-100.0%

$312,618-100.0%

$198,586-100.0%

Participation rate

0.0%

0.0%0pp

31.8%-31.8pp

13.5%-13.5pp

Annual return

13.76%

9.42%+4.3pp

10.03%+3.7pp

9.29%+4.5pp

Employer contribution / active EE

$18,905-100.0%

$38,789-100.0%

$15,168-100.0%

Participant deferral / active EE

$74-100.0%

$67-100.0%

Admin fee / account holder

$2,037-100.0%

$4,182-100.0%

$2,037-100.0%

BLUE JAY COMMUNICATIONS, INC. CASH BALANCE PENSION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Audit opinioni

BLUE JAY COMMUNICATIONS, INC. CASH BALANCE PENSION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion