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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#003Retirement-$679K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.6M

+9.6% from 2019

Total participants

+17.0% from 2019

Average account balance

$121,569

+2.5% from 2019

Annual return

11.49%

-9.78 pp from 2019

Benchmarks

See 16,249 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,249 peers

Snapshot2020

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

$238K

$6800 / participant

Other / not subdivided$238K100.0%

% of EOY assets

4.256%

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

$121,569

$72,273+68.2%

$101,275+20.0%

$79,856+52.2%

Participation rate

74.3%

68.5%+5.8pp

75.8%-1.5pp

69.6%+4.6pp

Annual return

11.49%

22.30%-10.8pp

46.48%-35.0pp

31.71%-20.2pp

Employer contribution / active EE

$2,691-100.0%

$3,660-100.0%

$2,471-100.0%

Participant deferral / active EE

$4,045

$3,282+23.3%

$4,371-7.4%

$3,741+8.1%

Admin fee / account holder

$5,174

$4,401+17.6%

$5,948-13.0%

$5,306-2.5%

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