Retirement plan

NIKA TECHNOLOGIES, INC. DBA NIKA ARCHITECTS AND ENGINEERS 401(K) PROFIT SHARING PLAN

Name: NIKA TECHNOLOGIES, INC. - NIKA TECHNOLOGIES, INC. DBA NIKA ARCHITECTS AND ENGINEERS 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: NIKA TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NIKA TECHNOLOGIES, INC. DBA NIKA ARCHITECTS AND ENGINEERS 401(K) PROFIT SHARING PLAN, NIKA TECHNOLOGIES, INC.

NIKA TECHNOLOGIES, INC.dba NIKA ARCHITECTS AND ENGINEERSEIN 52-2089785Plan #001PY 2017

2000 TOWER OAKS BLVD, 6TH FLOOR - ROCKVILLE, MD 20852301-679-6551

Prospect flagsLow assets / participantLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.3M

+59.7% from 2016

Total participants

222

-28.2% from 2016

Average account balance

$16,269

+59.7% from 2016

Annual return

33.68%

+24.85 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

$12.21M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

221

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.

50.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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 6 by compensation

Provider	Service type	Compensation
FRED S. SHAPIRO & ASSOCIATES, INC.3+ years Service code 13 11408 CRONRIDGE DRIVE, SUITE I · OWINGS MILLS, MD 21117	Contract Administrator	$9,725
COMMON WEALTH FINANCIAL NETWORK1 year Filed as: COMMON WEALTH EQUITYSERVICES INC DB Service code 27 29 SAWYER RD · WALTHAM, MA 024533483	Advisory (Plan)	$8,699
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$4,288
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,175
ALGER3+ years Filed as: FRED S. SHAPRIO & ASSOCIATES, INC. Service code 13	Contract Administrator	$2,515
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 50 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Direct Payment	$1,740

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

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.
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

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).
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

$19K

$145 / participant

Contract admin$19K100.0%

% of EOY assets

0.578%

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: GELMAN, ROSENBERG & FREEDMAN CPAS
Auditor EIN: 521392008
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,269

$80,753-79.9%

$136,298-88.1%

$62,293-73.9%

Participation rate

84.7%

73.5%+11.2pp

81.9%+2.8pp

69.5%+15.2pp

Annual return

33.68%

35.83%-2.2pp

5156.27%-5122.6pp

28.90%+4.8pp

Employer contribution / active EE

$2,516

$2,884-12.8%

$4,696-46.4%

$2,042+23.2%

Participant deferral / active EE

$4,966

$5,164-3.8%

$6,247-20.5%

$3,169+56.7%

Admin fee / account holder

$94

$525-82.1%

$9,244-99.0%

$479-80.4%

Provider

Service type

Compensation

FRED S. SHAPIRO & ASSOCIATES, INC.3+ years

Service code 13

11408 CRONRIDGE DRIVE, SUITE I · OWINGS MILLS, MD 21117

Contract Administrator

$9,725

COMMON WEALTH FINANCIAL NETWORK1 year

Filed as: COMMON WEALTH EQUITYSERVICES INC DB

Service code 27

29 SAWYER RD · WALTHAM, MA 024533483

Advisory (Plan)

$8,699

ASCENSUS LLC1 year

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$4,288

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,175

ALGER3+ years

Filed as: FRED S. SHAPRIO & ASSOCIATES, INC.

Service code 13

Contract Administrator

$2,515

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 50

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Direct Payment

$1,740

NIKA TECHNOLOGIES, INC. DBA NIKA ARCHITECTS AND ENGINEERS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NIKA TECHNOLOGIES, INC. DBA NIKA ARCHITECTS AND ENGINEERS 401(K) 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