Retirement plan

STRATEGIC TECHNOLOGY INSTITUTE, INC. RETIREMENT PLAN

Name: STRATEGIC TECHNOLOGY INSTITUTE, INC. - STRATEGIC TECHNOLOGY INSTITUTE, INC. RETIREMENT PLAN (2020) Form 5500
Creator: STRATEGIC TECHNOLOGY INSTITUTE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRATEGIC TECHNOLOGY INSTITUTE, INC. RETIREMENT PLAN, STRATEGIC TECHNOLOGY INSTITUTE, INC.

STRATEGIC TECHNOLOGY INSTITUTE, INC.EIN 52-1449891Plan #002PY 2020

6000 EXECUTIVE BOULEVARD, SUITE 205 - ROCKVILLE, MD 20852301-770-7077sti-inc.comLinkedIn51-200 employeesaviation & aerospace

Other plans on this EIN

2 filings

#001Retirement-$1.4M assets #004Retirement--

Prospect flagsHigh feesLow participationLow assets / participantLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+21.7% from 2019

Total participants

568

0.0% from 2019

Average account balance

$8,976

+21.7% from 2019

Annual return

34.21%

+12.94 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.19M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

642

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.

64.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$190

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
OCTAVE WEALTH1 year Filed as: OCTAVEWEALTH Service code 15 · EIN 90-0853816	Recordkeeping	$72,478
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$67,401
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 49 · EIN 20-0937408	Other Services	$6,420
AXIM MANAGED RETIREMENT SOLUTIONS1 year Service code 13 · EIN 45-2548203	Contract Administrator	$4,611
MATTHEW COLLINS1 year Filed as: MATTHEW DAHL Service code 27 · EIN 84-1169134	Advisory (Plan)	$3,768
EPIC RETIREMENT PLAN SERVICES1 year Filed as: UNITED RETIREMENT PLAN CONSULTANTS Service code 99 · EIN 59-2091510	Other Fees	$1,479
MILLER KAPLAN ARASE LLP1 year Filed as: MILLER ENGEL & TIERNEY Service code 10	Accounting	$2

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$156K

$483 / participant

Contract admin$156K100.0%

% of EOY assets

4.639%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,976

$100,801-91.1%

$149,745-94.0%

$73,412-87.8%

Participation rate

40.2%

77.7%-37.4pp

82.5%-42.2pp

72.2%-31.9pp

Annual return

34.21%

265.34%-231.1pp

276.72%-242.5pp

59.30%-25.1pp

Employer contribution / active EE

$3,638

$3,312+9.9%

$4,646-21.7%

$2,234+62.9%

Participant deferral / active EE

$1,134

$6,404-82.3%

$6,843-83.4%

$3,806-70.2%

Admin fee / account holder

$416

$181+130.3%

$9,312-95.5%

$158+163.7%

Provider

Service type

Compensation

OCTAVE WEALTH1 year

Filed as: OCTAVEWEALTH

Service code 15 · EIN 90-0853816

Recordkeeping

$72,478

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$67,401

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 49 · EIN 20-0937408

Other Services

$6,420

AXIM MANAGED RETIREMENT SOLUTIONS1 year

Service code 13 · EIN 45-2548203

Contract Administrator

$4,611

MATTHEW COLLINS1 year

Filed as: MATTHEW DAHL

Service code 27 · EIN 84-1169134

Advisory (Plan)

$3,768

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: UNITED RETIREMENT PLAN CONSULTANTS

Service code 99 · EIN 59-2091510

Other Fees

$1,479

MILLER KAPLAN ARASE LLP1 year

Filed as: MILLER ENGEL & TIERNEY

Service code 10

Accounting

STRATEGIC TECHNOLOGY INSTITUTE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRATEGIC TECHNOLOGY INSTITUTE, INC. 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