Retirement plan

TELACOM DBA COMTRONICS 401(K) PROFIT-SHARING PLAN

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

TELACOM DBA COMTRONICSEIN 38-2579220Plan #001PY 2020

ONE COMTRONICS PLACE - JACKSON, MI 49203517-206-3300

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$3.5M

+23.3% from 2019

Total participants

161

-1.2% from 2019

Average account balance

$47,232

+26.6% from 2019

Annual return

19.35%

-4.33 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.97M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

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.

70.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$78K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6773

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

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Filed as: NATIONWIDE LIFE INSURANCE Service code 15 · EIN 31-4156830	Recordkeeping	$17,796
FOUNDERS FINANCIAL SECURITIES LLC2 years Filed as: FOUNDERS FINANCIAL SECURITIES Service code 49 1020 CROMWELL BRIDGE ROAD · TOWSON, MD 212863309	Other Services	$0
SECURIAN FINANCIAL SERVICES INC1 year Filed as: SECURIAN Service code 49 400 ROBERT STREET NORTH · ST. PAUL, MN 551012098	Other Services	$0

Plan features & details

Pension benefit codes2E2F2J2K3D3H2T2S

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).
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$18K

$127 / participant

Investment mgmt$17K97.0%
Contract admin$5253.0%

% of EOY assets

0.509%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WILLIS & JURASEK
Auditor EIN: 381964450
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,232

$54,573-13.5%

$90,970-48.1%

$73,493-35.7%

Participation rate

37.9%

61.2%-23.3pp

69.0%-31.2pp

70.7%-32.8pp

Annual return

19.35%

16.69%+2.7pp

134.58%-115.2pp

28.51%-9.2pp

Employer contribution / active EE

$216

$991-78.3%

$2,122-89.8%

$2,270-90.5%

Participant deferral / active EE

$1,953

$2,517-22.4%

$3,373-42.1%

$3,740-47.8%

Admin fee / account holder

$240

$521-53.9%

$5,960-96.0%

$513-53.1%

Provider

Service type

Compensation

NATIONWIDE6+ years

Filed as: NATIONWIDE LIFE INSURANCE

Service code 15 · EIN 31-4156830

Recordkeeping

$17,796

FOUNDERS FINANCIAL SECURITIES LLC2 years

Filed as: FOUNDERS FINANCIAL SECURITIES

Service code 49

1020 CROMWELL BRIDGE ROAD · TOWSON, MD 212863309

Other Services

SECURIAN FINANCIAL SERVICES INC1 year

Filed as: SECURIAN

Service code 49

400 ROBERT STREET NORTH · ST. PAUL, MN 551012098

Other Services

TELACOM DBA COMTRONICS 401(K) PROFIT-SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TELACOM DBA COMTRONICS 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