Retirement plan

SKA CONSULTING ENGINEERS, INC. THRIFT SAVINGS PLAN

Name: SKA CONSULTING ENGINEERS, INC. - SKA CONSULTING ENGINEERS, INC. THRIFT SAVINGS PLAN (2020) Form 5500
Creator: SKA CONSULTING ENGINEERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SKA CONSULTING ENGINEERS, INC. THRIFT SAVINGS PLAN, SKA CONSULTING ENGINEERS, INC.

SKA CONSULTING ENGINEERS, INC.EIN 56-0898930Plan #001PY 2020

7900 TRIAD CENTER DRIVE, SUITE 200 - GREENSBORO, NC 274099075336-855-0993skaeng.comLinkedIn51-200 employeesdesign

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$21.4M

-6.0% from 2019

Total participants

117

-4.9% from 2019

Average account balance

$187,676

-1.1% from 2019

Annual return

14.24%

-5.85 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.51M

Not enough data

1 years with asset history on file

Average account balance

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

$220K

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.

134

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$967K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$480

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 4 by compensation

Provider	Service type	Compensation
STIFEL NICOLAUS & CO INC3 years Filed as: STIFEL, NICOLAUS & CO INC Service code 27 501 N BROADWAY · ST LOUIS, MO 63102	Advisory (Plan)	$35,128
SHARRARD, MCGEE & CO., P.A.6+ years Service code 10 800 GREEN VALLEY RD · GREENSBORO, NC 27404	Accounting	$9,650
TRINITY PENSION GROUP, LLC6+ years Service code 13 POST OFFICE BOX 2159 · JAMESTOWN, NC 27282	Contract Administrator	$8,638
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RET PLAN SERVICES Service code 64 6455 INVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$310

Plan features & details

Pension benefit codes2E2G2J2K3D2F2T

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

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

$54K

$601 / participant

Contract admin$54K100.0%

% of EOY assets

0.253%

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: CARR, RIGGS & INGRAM, LLC
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,676

$98,776+90.0%

$149,745+25.3%

$79,856+135.0%

Participation rate

96.7%

75.8%+20.9pp

82.5%+14.2pp

69.6%+27.0pp

Annual return

14.24%

27.38%-13.1pp

276.72%-262.5pp

31.71%-17.5pp

Employer contribution / active EE

$2,129

$3,217-33.8%

$4,646-54.2%

$2,471-13.8%

Participant deferral / active EE

$7,277

$5,681+28.1%

$6,843+6.3%

$3,741+94.5%

Admin fee / account holder

$475

$6,053-92.2%

$9,312-94.9%

$5,306-91.1%

Provider

Service type

Compensation

STIFEL NICOLAUS & CO INC3 years

Filed as: STIFEL, NICOLAUS & CO INC

Service code 27

501 N BROADWAY · ST LOUIS, MO 63102

Advisory (Plan)

$35,128

SHARRARD, MCGEE & CO., P.A.6+ years

Service code 10

800 GREEN VALLEY RD · GREENSBORO, NC 27404

Accounting

$9,650

TRINITY PENSION GROUP, LLC6+ years

Service code 13

POST OFFICE BOX 2159 · JAMESTOWN, NC 27282

Contract Administrator

$8,638

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RET PLAN SERVICES

Service code 64

6455 INVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$310

SKA CONSULTING ENGINEERS, INC. THRIFT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SKA CONSULTING ENGINEERS, INC. THRIFT SAVINGS 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