Retirement plan

MC2 SABTECH HOLDINGS, INC. DBA IXI TECHNOLOGY 401K PROFIT SHARING PLAN

Name: MC2 SABTECH HOLDINGS, INC. D/B - MC2 SABTECH HOLDINGS, INC. DBA IXI TECHNOLOGY 401K PROFIT SHARING PLAN (2018) Form 5500
Creator: MC2 SABTECH HOLDINGS, INC. D/B
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MC2 SABTECH HOLDINGS, INC. DBA IXI TECHNOLOGY 401K PROFIT SHARING PLAN, MC2 SABTECH HOLDINGS, INC. D/B

MC2 SABTECH HOLDINGS, INC. D/Bdba IXI TECHNOLOGY INC.EIN 46-3969004Plan #001PY 2018

22705 SAVI RANCH PKWY. SUITE 200 - YORBA LINDA, CA 92887714-221-5008ixitech.comLinkedIn11-50 employeesdefense & space

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.9M

+5.5% from 2017

Total participants

-3.3% from 2017

Average account balance

$67,738

+9.2% from 2017

Annual return

-7.88%

-24.26 pp from 2017

Benchmarks

See 14,948 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,948 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.71M

Not enough data

1 years with asset history on file

Average account balance

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

$181K

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$658K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+12.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2519

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 codes2E2F2H2J3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$98K

$2723 / participant

Other / not subdivided$98K100.0%

% of EOY assets

2.495%

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

$67,738

$62,583+8.2%

$76,767-11.8%

$64,173+5.6%

Participation rate

100.0%

72.8%+27.2pp

77.0%+23.0pp

69.6%+30.4pp

Annual return

-7.88%

-1.95%-5.9pp

2.43%-10.3pp

7.63%-15.5pp

Employer contribution / active EE

$7,038

$1,832+284.1%

$2,485+183.2%

$2,381+195.6%

Participant deferral / active EE

$8,689

$3,145+176.3%

$3,852+125.6%

$3,470+150.4%

Admin fee / account holder

$1,690

$4,667-63.8%

$6,675-74.7%

$4,887-65.4%

MC2 SABTECH HOLDINGS, INC. DBA IXI TECHNOLOGY 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MC2 SABTECH HOLDINGS, INC. DBA IXI TECHNOLOGY 401K PROFIT SHARING 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