Retirement plan

SYLVAN R. SHEMITZ DESIGNS, LLC 401(K) RETIREMENT PLAN

Name: SYLVAN R. SHEMITZ DESIGNS, LLC - SYLVAN R. SHEMITZ DESIGNS, LLC 401(K) RETIREMENT PLAN (2019) Form 5500
Creator: SYLVAN R. SHEMITZ DESIGNS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYLVAN R. SHEMITZ DESIGNS, LLC 401(K) RETIREMENT PLAN, SYLVAN R. SHEMITZ DESIGNS, LLC

SYLVAN R. SHEMITZ DESIGNS, LLCEIN 47-1487060Plan #004PY 2019

114 BOSTON POST ROAD - WEST HAVEN, CT 06516203-931-4455LinkedIn51-200 employeescomputer hardware

Other plans on this EIN

1 filing

#003Retirement-$607K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.1M

+9.9% from 2018

Total participants

-19.0% from 2018

Average account balance

$118,645

+43.1% from 2018

Annual return

21.27%

+26.38 pp from 2018

Benchmarks

See 15,812 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,812 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.74M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

164.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$103K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34142

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

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

$675K

$25006 / participant

Other / not subdivided$675K100.0%

% of EOY assets

13.234%

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

$118,645

$65,367+81.5%

$92,915+27.7%

$72,976+62.6%

Participation rate

85.2%

68.3%+16.9pp

76.0%+9.2pp

69.5%+15.7pp

Annual return

21.27%

42.11%-20.8pp

109.45%-88.2pp

81.02%-59.7pp

Employer contribution / active EE

$2,594-100.0%

$3,653-100.0%

$2,440-100.0%

Participant deferral / active EE

$5,427

$3,128+73.5%

$4,238+28.0%

$3,608+50.4%

Admin fee / account holder

$15,701

$4,251+269.3%

$5,796+170.9%

$5,124+206.4%

SYLVAN R. SHEMITZ DESIGNS, LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYLVAN R. SHEMITZ DESIGNS, LLC 401(K) RETIREMENT 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