Retirement plan

SOUND DEVICES, LLC 401(K) PLAN

Name: SOUND DEVICES, LLC - SOUND DEVICES, LLC 401(K) PLAN (2021) Form 5500
Creator: SOUND DEVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUND DEVICES, LLC 401(K) PLAN, SOUND DEVICES, LLC

SOUND DEVICES, LLCEIN 39-1936137Plan #001PY 2021

P.O. BOX 576 - REEDSBURG, WI 53959608-524-0625sounddevices.comLinkedIn51-200 employeesmusic

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed February 20, 2015

Plan administrator

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E7556 State Road 23 and 33

Reedsburg State: WI Zip Code: 53959

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Plans declared (1)

Plan name not on file80 emp

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Total assets (EOY)

$9.7M

+17.1% from 2020

Total participants

-5.9% from 2020

Average account balance

$126,024

+21.7% from 2020

Annual return

14.20%

-6.35 pp from 2020

Benchmarks

See 14,567 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,567 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.77M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

112.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$901K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+22.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8035

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$413K

$6556 / participant

Other / not subdivided$413K100.0%

% of EOY assets

4.256%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,024

$86,298+46.0%

$111,308+13.2%

$85,847+46.8%

Participation rate

95.2%

73.3%+21.9pp

77.3%+17.9pp

69.3%+25.9pp

Annual return

14.20%

19.99%-5.8pp

54.67%-40.5pp

318.61%-304.4pp

Employer contribution / active EE

$2,649

$2,044+29.6%

$2,732-3.0%

$2,565+3.2%

Participant deferral / active EE

$7,053

$3,641+93.7%

$4,487+57.2%

$3,952+78.5%

Admin fee / account holder

$5,364

$8,189-34.5%

$7,965-32.7%

$6,261-14.3%

SOUND DEVICES, LLC 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUND DEVICES, LLC 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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