Retirement plan

STATIC CONTROL COMPONENTS, INC. 401(K) SALARY REDUCTION PLAN

Name: STATIC CONTROL COMPONENTS, INC. - STATIC CONTROL COMPONENTS, INC. 401(K) SALARY REDUCTION PLAN (2017) Form 5500
Creator: STATIC CONTROL COMPONENTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STATIC CONTROL COMPONENTS, INC. 401(K) SALARY REDUCTION PLAN, STATIC CONTROL COMPONENTS, INC.

STATIC CONTROL COMPONENTS, INC.EIN 56-1576062Plan #001PY 2017

P.O. BOX 152 3010 LEE AVENUE - SANFORD, NC 27332919-743-3808

Prospect flagsLow participationLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$20.5M

+12.7% from 2016

Total participants

763

+3.5% from 2016

Average account balance

$43,818

+19.0% from 2016

Annual return

19.66%

+13.89 pp from 2016

Benchmarks

See 2,359 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,359 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.71M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

208

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$666K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$284

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
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 12 · EIN 13-3689044	Recordkeeping and information managem...	$79,695
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN INVEST HOLDINGS LLC Service code 64 · EIN 13-2624428	Recordkeeping Fees	$11,557
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FINANCIAL SERVICES AD Service code 27 880 CARILLON PARKWAY · ST PETERSBURG, FL 33716	Advisory (Plan)	$3,868
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SERVICES Service code 16	Consulting	$2,118
NATIONAL FINANCIAL SERVICES3+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGPO ADVISORS LLC Service code 16 1 NORTH JEFFERSON · ST LOUIS, MO 63103	Consulting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

4 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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$95K

$137 / participant

Contract admin$95K100.0%

% of EOY assets

0.464%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,818

$69,305-36.8%

$82,312-46.8%

$69,631-37.1%

Participation rate

57.6%

80.3%-22.6pp

76.9%-19.3pp

70.7%-13.1pp

Annual return

19.66%

21.47%-1.8pp

25.88%-6.2pp

27571.02%-27551.4pp

Employer contribution / active EE

$171

$1,887-90.9%

$2,428-92.9%

$2,032-91.6%

Participant deferral / active EE

$1,304

$3,568-63.5%

$3,706-64.8%

$3,224-59.6%

Admin fee / account holder

$203

$97+109.1%

$5,608-96.4%

$110+84.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 12 · EIN 13-3689044

Recordkeeping and information managem...

$79,695

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN INVEST HOLDINGS LLC

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$11,557

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FINANCIAL SERVICES AD

Service code 27

880 CARILLON PARKWAY · ST PETERSBURG, FL 33716

Advisory (Plan)

$3,868

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO CLEARING SERVICES

Service code 16

Consulting

$2,118

NATIONAL FINANCIAL SERVICES3+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGPO ADVISORS LLC

Service code 16

1 NORTH JEFFERSON · ST LOUIS, MO 63103

Consulting

STATIC CONTROL COMPONENTS, INC. 401(K) SALARY REDUCTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STATIC CONTROL COMPONENTS, INC. 401(K) SALARY REDUCTION 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