Retirement plan

SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN

Name: SATELLITE SERVICES, INC. - SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: SATELLITE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN, SATELLITE SERVICES, INC.

SATELLITE SERVICES, INC.EIN 38-2380703Plan #001PY 2015

309 S FRONT ST - MARQUETTE, MI 498554600906-228-6492LinkedIn1-10 employeesfacilities services

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$8.3M

No prior year

Total participants

378

No prior year

Average account balance

$29,218

No prior year

Annual return

-1.29%

No prior year

Benchmarks

See 563 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort563 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.99M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

165

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.

54.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$580K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$339

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 2 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK1+ years Service code 27 · EIN 04-2675571	Advisory (Plan)	$19,897
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$6,420

Plan features & details

Pension benefit codes2E2F2G2J2T

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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$6K

$20 / participant

Contract admin$6K100.0%

% of EOY assets

0.078%

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: SCHNEIDER LARCHE HAAPALA & CO. PLLC
Auditor EIN: 200345993
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,218

$27,330+6.9%

$67,704-56.8%

$55,191-47.1%

Participation rate

70.3%

47.5%+22.8pp

67.5%+2.8pp

69.2%+1.2pp

Annual return

-1.29%

8.81%-10.1pp

25.41%-26.7pp

10.78%-12.1pp

Employer contribution / active EE

$1,201

$855+40.6%

$2,559-53.1%

$1,899-36.7%

Participant deferral / active EE

$1,621

$1,709-5.1%

$3,585-54.8%

$3,046-46.8%

Admin fee / account holder

$23

$109-79.2%

$4,255-99.5%

$91-75.0%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK1+ years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$19,897

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$6,420

SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SATELLITE SERVICES, INC. 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