Retirement plan

SMART SOLUTIONS, INC. EMPLOYEES 401(K) PLAN

Name: SMART SOLUTIONS, INC. - SMART SOLUTIONS, INC. EMPLOYEES 401(K) PLAN (2019) Form 5500
Creator: SMART SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMART SOLUTIONS, INC. EMPLOYEES 401(K) PLAN, SMART SOLUTIONS, INC.

SMART SOLUTIONS, INC.EIN 39-1848243Plan #020PY 2019

200 RIVER PLACE, SUITE 230 - MONONA, WI 53716608-204-9299smart-solutions.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4.3M

+20.1% from 2018

Total participants

107

-13.0% from 2018

Average account balance

$65,382

+12.8% from 2018

Annual return

23.73%

+26.14 pp from 2018

Benchmarks

See 14,956 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,956 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.72M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

223.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$234K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$59584

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
STATE STREET GLOBAL ADVISORS4 years Filed as: STATE BANK OF CROSS PLAINS Service code 21 455 S JUNCTION ROAD STE 100 · MADISON, WI 53719	Bank Trustee	$16,153

Plan features & details

Pension benefit codes2E2F2G2J2T3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

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

$18K

$196 / participant

Contract admin$16K91.7%
Other / not subdivided$1K8.3%

% of EOY assets

0.408%

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: WIPFLILLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,382

$72,486-9.8%

$87,103-24.9%

$72,976-10.4%

Participation rate

54.4%

72.8%-18.4pp

76.9%-22.4pp

69.5%-15.0pp

Annual return

23.73%

24.46%-0.7pp

28.19%-4.5pp

81.02%-57.3pp

Employer contribution / active EE

$1,894-100.0%

$2,521-100.0%

$2,440-100.0%

Participant deferral / active EE

$4,785

$3,270+46.3%

$4,049+18.2%

$3,608+32.6%

Admin fee / account holder

$267

$5,055-94.7%

$7,491-96.4%

$5,124-94.8%

Provider

Service type

Compensation

STATE STREET GLOBAL ADVISORS4 years

Filed as: STATE BANK OF CROSS PLAINS

Service code 21

455 S JUNCTION ROAD STE 100 · MADISON, WI 53719

Bank Trustee

$16,153

SMART SOLUTIONS, INC. EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMART SOLUTIONS, INC. EMPLOYEES 401(K) 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