Retirement plan

ABACUS TECHNOLOGY CORPORATION 401(K) PLAN FOR BARGAINING EMPLOYEES

Name: ABACUS TECHNOLOGY CORPORATION 401(K) PLAN FOR - ABACUS TECHNOLOGY CORPORATION 401(K) PLAN FOR BARGAINING EMPLOYEES (2017) Form 5500
Creator: ABACUS TECHNOLOGY CORPORATION 401(K) PLAN FOR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABACUS TECHNOLOGY CORPORATION 401(K) PLAN FOR BARGAINING EMPLOYEES, ABACUS TECHNOLOGY CORPORATION 401(K) PLAN FOR

ABACUS TECHNOLOGY CORPORATION 401(K) PLAN FOREIN 52-1328215Plan #002PY 2017

5404 WISCONSIN AVE STE 1100 - CHEVY CHASE, MD 208153573301-951-1706abacustech.comLinkedIn501-1000 employeesinformation technology and services

Other plans on this EIN

1 filing

#001Retirement-$69.3M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.4M

+14.2% from 2016

Total participants

208

-3.7% from 2016

Average account balance

$91,183

-0.7% from 2016

Annual return

14.88%

-0.35 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

-96.16%

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

Top 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MML INVESTORS SERVICES LLC Service code 49 · EIN 04-2746212	Other Services	$20,504
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MML INSURANCE AGENCY LLC Service code 49 · EIN 04-3109325	Other Services	$8,278
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$4,786
WILSHIRE ASSOCIATES INCORPORATED3+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$5K

$26 / participant

Contract admin$5K100.0%

% of EOY assets

0.027%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SANTOS, POSTAL & COMPANY, P.C.
Auditor EIN: 521659352
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,183

$80,753+12.9%

$136,298-33.1%

$62,293+46.4%

Participation rate

90.9%

73.5%+17.3pp

81.9%+8.9pp

69.5%+21.3pp

Annual return

14.88%

35.83%-21.0pp

5156.27%-5141.4pp

28.90%-14.0pp

Employer contribution / active EE

$1,809

$2,884-37.3%

$4,696-61.5%

$2,042-11.4%

Participant deferral / active EE

$4,985

$5,164-3.5%

$6,247-20.2%

$3,169+57.3%

Admin fee / account holder

$25

$525-95.2%

$9,244-99.7%

$479-94.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MML INVESTORS SERVICES LLC

Service code 49 · EIN 04-2746212

Other Services

$20,504

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MML INSURANCE AGENCY LLC

Service code 49 · EIN 04-3109325

Other Services

$8,278

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$4,786

WILSHIRE ASSOCIATES INCORPORATED3+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

ABACUS TECHNOLOGY CORPORATION 401(K) PLAN FOR BARGAINING EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABACUS TECHNOLOGY CORPORATION 401(K) PLAN FOR BARGAINING EMPLOYEES

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