Retirement plan

HILDE COMPANIES PROFIT SHARING AND 401(K) SAVINGS PLAN

Name: SATELLITE INDUSTRIES, INC. - HILDE COMPANIES PROFIT SHARING AND 401(K) SAVINGS PLAN (2017) Form 5500
Creator: SATELLITE INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HILDE COMPANIES PROFIT SHARING AND 401(K) SAVINGS PLAN, SATELLITE INDUSTRIES, INC.

SATELLITE INDUSTRIES, INC.EIN 41-0854413Plan #333PY 2017

2530 XENIUM LANE N SUITE 150 - MINNEAPOLIS, MN 554414591763-551-7208satelliteindustries.comLinkedIn51-200 employeesrecreational facilities and services

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed June 11, 2024 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

2530 Xenium Ln N

Plymouth, MN 55441

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Plans declared (1)

Satellite Industries, Inc. Individual Nonqualified Compensation Plan10 emp

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Total assets (EOY)

$38.5M

+18.3% from 2016

Total participants

424

+10.1% from 2016

Average account balance

$100,806

+8.1% from 2016

Annual return

19.32%

+12.48 pp from 2016

Benchmarks

See 2,359 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,359 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$91.92M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

795

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+12.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$45

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553	Other Services	$18,530
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$11,589
SAFFRIN, RICHARD S.3+ years Service code 49 2860 TIMBERVIEW TRL · CHASKA, MN 553181113	Other Services	$2,408
WILSHIRE ASSOCIATES INCORPORATED1 year Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3H

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.
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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$12K

$31 / participant

Contract admin$12K100.0%

% of EOY assets

0.030%

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: CLIFTON LARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,806

$69,305+45.5%

$82,313+22.5%

$69,631+44.8%

Participation rate

88.7%

80.3%+8.5pp

76.9%+11.8pp

70.7%+18.1pp

Annual return

19.32%

21.47%-2.1pp

25.88%-6.6pp

27571.02%-27551.7pp

Employer contribution / active EE

$2,637

$1,887+39.8%

$2,428+8.6%

$2,032+29.7%

Participant deferral / active EE

$3,760

$3,568+5.4%

$3,706+1.5%

$3,224+16.6%

Admin fee / account holder

$30

$97-68.8%

$5,608-99.5%

$110-72.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL SECURITIES INC

Service code 49 · EIN 42-0941553

Other Services

$18,530

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$11,589

SAFFRIN, RICHARD S.3+ years

Service code 49

2860 TIMBERVIEW TRL · CHASKA, MN 553181113

Other Services

$2,408

WILSHIRE ASSOCIATES INCORPORATED1 year

Service code 27 · EIN 95-2755361

Advisory (Plan)

HILDE COMPANIES PROFIT SHARING AND 401(K) SAVINGS 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

HILDE COMPANIES PROFIT SHARING AND 401(K) SAVINGS 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