Retirement plan

SKYLINE TECHNOLOGY SOLUTIONS LLC 401(K) PROFIT SHARING PLAN

Name: SKYLINE TECHNOLOGY SOLUTIONS LLC - SKYLINE TECHNOLOGY SOLUTIONS LLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: SKYLINE TECHNOLOGY SOLUTIONS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SKYLINE TECHNOLOGY SOLUTIONS LLC 401(K) PROFIT SHARING PLAN, SKYLINE TECHNOLOGY SOLUTIONS LLC

SKYLINE TECHNOLOGY SOLUTIONS LLCEIN 37-1494684Plan #001PY 2020

6956-F AVIATION BLVD. - GLEN BURNIE, MD 21061410-553-2600skylinenet.netLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$17.5M

+26.3% from 2019

Total participants

380

+10.5% from 2019

Average account balance

$46,258

+13.3% from 2019

Annual return

18.04%

-6.38 pp from 2019

Benchmarks

See 362 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Cohort362 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.01M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

411

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$432

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY5 years Filed as: MORGAN STANLEY Service code 27 1 NEW YORK PLZ 12TH FLR · NEW YORK, NY 10004	Advisory (Plan)	$42,975
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$12,880
UHY LLP1 year Service code 10 12 GREENWAY PLAZA · HOUSTON, TX 77046	Accounting	$10,500
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,241
ATLANTIC PENSION SERVICES, INC.1 year Filed as: ATLANTIC PENSION SERVICES Service code 13 511 SCHOOLHOUSE ROAD · KENNETT SQUARE, PA 19348	Contract Administrator	$4,700
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$525

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$76K

$306 / participant

Contract admin$76K100.0%

% of EOY assets

0.435%

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: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,258

$213,957-78.4%

$149,715-69.1%

Participation rate

99.2%

79.5%+19.7pp

82.5%+16.7pp

Annual return

18.04%

9.83%+8.2pp

276.66%-258.6pp

Employer contribution / active EE

$2,706

$3,868-30.0%

$4,645-41.7%

Participant deferral / active EE

$6,167

$6,177-0.2%

$6,842-9.9%

Admin fee / account holder

$201

$24,510-99.2%

$9,310-97.8%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY5 years

Filed as: MORGAN STANLEY

Service code 27

1 NEW YORK PLZ 12TH FLR · NEW YORK, NY 10004

Advisory (Plan)

$42,975

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$12,880

UHY LLP1 year

Service code 10

12 GREENWAY PLAZA · HOUSTON, TX 77046

Accounting

$10,500

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,241

ATLANTIC PENSION SERVICES, INC.1 year

Filed as: ATLANTIC PENSION SERVICES

Service code 13

511 SCHOOLHOUSE ROAD · KENNETT SQUARE, PA 19348

Contract Administrator

$4,700

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$525

SKYLINE TECHNOLOGY SOLUTIONS LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SKYLINE TECHNOLOGY SOLUTIONS LLC 401(K) PROFIT SHARING 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