Retirement plan

SUMITOMO ELECTRIC GROUP 401(K) PLAN

Name: SUMITOMO ELECTRIC U.S.A. HOLDINGS INC. - SUMITOMO ELECTRIC GROUP 401(K) PLAN (2016) Form 5500
Creator: SUMITOMO ELECTRIC U.S.A. HOLDINGS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUMITOMO ELECTRIC GROUP 401(K) PLAN, SUMITOMO ELECTRIC U.S.A. HOLDINGS INC.

SUMITOMO ELECTRIC U.S.A. HOLDINGS INC.EIN 56-1646307Plan #001PY 2016

600 5TH AVENUE, 18TH FLOOR - NEW YORK, NY 10020212-490-6610LinkedIn11-50 employeesexecutive office

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$118.3M

+5.0% from 2015

Total participants

1,771

+8.4% from 2015

Average account balance

$71,312

+3.5% from 2015

Annual return

7.22%

+5.71 pp from 2015

Benchmarks

See 780 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort780 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$246.06M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

2,213

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.

85.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.92M

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

+45.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Service code 13 · EIN 06-1050034	Contract Administrator	$307,692
THE WAGNER LAW GROUP2+ years Filed as: WAGNER LAW GROUP Service code 29 · EIN 04-3323315	Legal	$36,750
SAGEVIEW ADVISORY GROUP, LLC2+ years Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 27 · EIN 33-0818667	Advisory (Plan)	$21,000
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 49 · EIN 22-1211670	Other Services	$2,190
SUMITOMO ELECTRIC FINANCE USA, INC2+ years Filed as: SUMITOMO ELECTRIC GROUP Service code 56 SUMITOMO ELECTRIC U.S.A HOLDING INC · NEWYORK, NY 10020	Non-monetary compensation	$0

Plan features & details

Pension benefit codes2E2F2G2S2K2T3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$459K

$309 / participant

Other / not subdivided$459K100.0%

% of EOY assets

0.388%

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: PAGLIUCO OPALACZ & ASSOCIATES, P.C.
Auditor EIN: 753079509
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,312

$80,211-11.1%

$74,184-3.9%

$63,975+11.5%

Participation rate

92.4%

84.2%+8.3pp

76.6%+15.8pp

71.1%+21.3pp

Annual return

7.22%

14.13%-6.9pp

17.74%-10.5pp

48.65%-41.4pp

Employer contribution / active EE

$1,912

$2,553-25.1%

$2,370-19.3%

$2,182-12.4%

Participant deferral / active EE

$3,576

$4,370-18.2%

$3,550+0.7%

$3,356+6.5%

Admin fee / account holder

$276

$67+311.4%

$5,586-95.1%

$70+292.5%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$307,692

THE WAGNER LAW GROUP2+ years

Filed as: WAGNER LAW GROUP

Service code 29 · EIN 04-3323315

Legal

$36,750

SAGEVIEW ADVISORY GROUP, LLC2+ years

Filed as: SAGEVIEW ADVISORY GROUP LLC

Service code 27 · EIN 33-0818667

Advisory (Plan)

$21,000

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 49 · EIN 22-1211670

Other Services

$2,190

SUMITOMO ELECTRIC FINANCE USA, INC2+ years

Filed as: SUMITOMO ELECTRIC GROUP

Service code 56

SUMITOMO ELECTRIC U.S.A HOLDING INC · NEWYORK, NY 10020

Non-monetary compensation

SUMITOMO ELECTRIC GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUMITOMO ELECTRIC GROUP 401(K) 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