Retirement plan

CYPHERS ELECTRIC, INC. 401K PROFIT SHARING PLAN

Name: CYPHERS ELECTRIC, INC. - CYPHERS ELECTRIC, INC. 401K PROFIT SHARING PLAN (2021) Form 5500
Creator: CYPHERS ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CYPHERS ELECTRIC, INC. 401K PROFIT SHARING PLAN, CYPHERS ELECTRIC, INC.

CYPHERS ELECTRIC, INC.EIN 45-4887875Plan #001PY 2021

23304 HUBER AVE. - TORRANCE, CA 90501310-539-0182

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+16.1% from 2020

Total participants

0.0% from 2020

Average account balance

$204,721

+16.1% from 2020

Annual return

11.32%

-1.62 pp from 2020

Benchmarks

See 44,693 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort44,693 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-0.41%

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$204,721

$124,351+64.6%

$109,188+87.5%

$167,553+22.2%

Participation rate

100.0%

79.4%+20.6pp

75.9%+24.1pp

82.1%+17.9pp

Annual return

11.32%

26.04%-14.7pp

25.76%-14.4pp

478.89%-467.6pp

Employer contribution / active EE

$3,200

$4,210-24.0%

$3,723-14.0%

$4,840-33.9%

Participant deferral / active EE

$7,265

$5,257+38.2%

$4,654+56.1%

$6,343+14.5%

Admin fee / account holder

$7,975-100.0%

$6,755-100.0%

$12,316-100.0%

CYPHERS ELECTRIC, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CYPHERS ELECTRIC, INC. 401K 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