Retirement plan

SINOVIA TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Name: SINOVIA TECHNOLOGIES, INC. - SINOVIA TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SINOVIA TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SINOVIA TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN, SINOVIA TECHNOLOGIES, INC.

SINOVIA TECHNOLOGIES, INC.EIN 45-2498969Plan #001PY 2022

595 TAYLOR WAY, UNIT #1 - SAN CARLOS, CA 94070650-704-8629sinoviatech.comLinkedIn1-10 employeesrenewables & environment

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$99K

+185.2% from 2021

Total participants

+25.0% from 2021

Average account balance

$19,831

+128.1% from 2021

Annual return

-53.57%

-53.57 pp from 2021

Benchmarks

See 22,373 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,373 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$323K

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$112K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+22.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2E2F2J2T3D

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

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

$19,831

$100,792-80.3%

$86,691-77.1%

$134,509-85.3%

Participation rate

100.0%

78.9%+21.1pp

76.6%+23.4pp

81.2%+18.8pp

Annual return

-53.57%

29.08%-82.6pp

35.94%-89.5pp

418.13%-471.7pp

Employer contribution / active EE

$1,973

$3,491-43.5%

$2,837-30.4%

$4,741-58.4%

Participant deferral / active EE

$18,780

$5,339+251.8%

$4,656+303.4%

$6,400+193.4%

Admin fee / account holder

$10,924-100.0%

$7,492-100.0%

$11,427-100.0%

SINOVIA TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SINOVIA TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion