Retirement plan

PHASE2 TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: PHASE2 TECHNOLOGY, LLC - PHASE2 TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: PHASE2 TECHNOLOGY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHASE2 TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN AND TRUST, PHASE2 TECHNOLOGY, LLC

PHASE2 TECHNOLOGY, LLCEIN 54-2058155Plan #001PY 2018

1735 NORTH LYNN ST., SUITE 720 - ARLINGTON, VA 22209703-548-6050

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.9M

+5.5% from 2017

Total participants

192

+17.1% from 2017

Average account balance

$36,288

-9.5% from 2017

Annual return

-5.99%

-27.64 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.11M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

279

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$325

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 2 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$19,294
ADP BROKER-DEALER2 years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

$154 / participant

Other / not subdivided$19K100.0%

% of EOY assets

0.280%

all-in expense ratio

Categories reported

0 / 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: ARONSON LLC
Auditor EIN: 371611326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,288

$73,102-50.4%

$123,552-70.6%

$56,287-35.5%

Participation rate

98.4%

74.3%+24.1pp

82.3%+16.1pp

69.9%+28.5pp

Annual return

-5.99%

3.01%-9.0pp

119.20%-125.2pp

-9.96%+4.0pp

Employer contribution / active EE

$3,101

$2,977+4.2%

$4,628-33.0%

$2,111+46.9%

Participant deferral / active EE

$5,416

$5,423-0.1%

$6,426-15.7%

$3,350+61.7%

Admin fee / account holder

$102

$554-81.7%

$9,285-98.9%

$521-80.5%

Provider

Service type

Compensation

ADP BROKER-DEALER2 years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$19,294

ADP BROKER-DEALER2 years

Service code 49 · EIN 22-3319984

Other Services

PHASE2 TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHASE2 TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN AND TRUST

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