Retirement plan

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

Name: SATELLITE SERVICES, INC. - SATELLITE SERVICES, INC. 401(K) PROFIT SHARING PLAN (2016) 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 2016

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

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$8.3M

+0.6% from 2015

Total participants

375

-0.8% from 2015

Average account balance

$30,909

+5.8% from 2015

Annual return

7.11%

+8.41 pp from 2015

Benchmarks

See 631 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort631 peers

Snapshot2016

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 NETWORK2+ years Service code 27 · EIN 04-2675571	Advisory (Plan)	$19,396
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$5,545

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$6K

$19 / participant

Contract admin$6K100.0%

% of EOY assets

0.067%

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

$30,909

$30,599+1.0%

$74,577-58.6%

$57,658-46.4%

Participation rate

64.3%

49.1%+15.2pp

68.1%-3.8pp

70.2%-5.9pp

Annual return

7.11%

14.24%-7.1pp

20.47%-13.4pp

5.13%+2.0pp

Employer contribution / active EE

$1,361

$1,000+36.2%

$2,525-46.1%

$1,974-31.0%

Participant deferral / active EE

$1,835

$1,805+1.7%

$3,458-46.9%

$3,061-40.0%

Admin fee / account holder

$21

$98-79.0%

$4,138-99.5%

$95-78.2%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK2+ years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$19,396

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$5,545

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