Retirement plan

STRYKER ELECTRICAL CONTRACTING, INC., 401(K) PROFIT SHARING PLAN

Name: STRYKER ELECTRICAL CONTRACTING, INC. - STRYKER ELECTRICAL CONTRACTING, INC., 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: STRYKER ELECTRICAL CONTRACTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRYKER ELECTRICAL CONTRACTING, INC., 401(K) PROFIT SHARING PLAN, STRYKER ELECTRICAL CONTRACTING, INC.

STRYKER ELECTRICAL CONTRACTING, INC.EIN 59-1584267Plan #001PY 2019

4241 SW HIGH MEADOW AVE - PALM CITY, FL 34990772-219-3389stryker-electric.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsLow returnsLow participationLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$2.8M

+24.3% from 2018

Total participants

137

+13.2% from 2018

Average account balance

$26,713

+0.2% from 2018

Annual return

16.37%

+23.13 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.88M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

111

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.

41.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$482K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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
NATIONWIDE4 years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$13,506
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INS. AGENCY, INC Service code 22	Insurance Broker	$9,888
PRUCO SECURITIES, LLC1 year Service code 22	Insurance Broker	$4,948
EMPLOYEE BENEFIT CONSULTANTS OF FLO3 years Service code 15 · EIN 65-0103612 P.O. BOX 747 · STUART, FL 349950747	Recordkeeping	$500
TD AMERITRADE, INC.3 years Filed as: TD AMERITRADE Service code 19 4211 SOUTH 102ND STREET · OMAHA, NE 68127	Securities Custodian	$116

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$14K

$126 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.513%

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: MARI HUFF C.P.A., P.A.
Auditor EIN: 472814883
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,713

$63,114-57.7%

$92,909-71.2%

$65,185-59.0%

Participation rate

69.6%

68.8%+0.9pp

76.0%-6.4pp

70.2%-0.6pp

Annual return

16.37%

28.75%-12.4pp

109.44%-93.1pp

29.38%-13.0pp

Employer contribution / active EE

$1,132

$2,571-56.0%

$3,653-69.0%

$2,177-48.0%

Participant deferral / active EE

$1,352

$3,108-56.5%

$4,238-68.1%

$3,514-61.5%

Admin fee / account holder

$137

$624-78.0%

$5,795-97.6%

$847-83.8%

Provider

Service type

Compensation

NATIONWIDE4 years

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$13,506

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INS. AGENCY, INC

Service code 22

Insurance Broker

$9,888

PRUCO SECURITIES, LLC1 year

Service code 22

Insurance Broker

$4,948

EMPLOYEE BENEFIT CONSULTANTS OF FLO3 years

Service code 15 · EIN 65-0103612

P.O. BOX 747 · STUART, FL 349950747

Recordkeeping

$500

TD AMERITRADE, INC.3 years

Filed as: TD AMERITRADE

Service code 19

4211 SOUTH 102ND STREET · OMAHA, NE 68127

Securities Custodian

$116

STRYKER ELECTRICAL CONTRACTING, INC., 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRYKER ELECTRICAL CONTRACTING, INC., 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