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 (2020) 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 INCEIN 59-1584267Plan #001PY 2020

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

Prospect flagsLow returnsLow participant contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$3.5M

+26.4% from 2019

Total participants

134

-2.2% from 2019

Average account balance

$31,051

+16.2% from 2019

Annual return

11.26%

-5.11 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE5 years Service code 15 · EIN 31-1592130	Recordkeeping	$16,442
PRUCO SECURITIES, LLC2 years Service code 22	Insurance Broker	$5,905
PRUDENTIAL RETIREMENT INSURANCE AND3 years Filed as: PRUDENTIAL INS. AGENCY, INC. Service code 22	Insurance Broker	$1,102
EMPLOYEE BENEFIT CONSULTANTS OF FLO4 years Service code 15 · EIN 65-0103612	Recordkeeping	$400
TD AMERITRADE, INC.4 years Filed as: TD AMERITRADE Service code 19 · EIN 47-0533629	Securities Custodian	$15

Plan features & details

Pension benefit codes2A2E2G2J2K2R2T3D

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.
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 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$17K

$162 / participant

Investment mgmt$17K100.0%

% of EOY assets

0.485%

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: 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

$31,051

$99,957-68.9%

$149,730-79.3%

$73,493-57.7%

Participation rate

78.8%

75.7%+3.1pp

82.5%-3.6pp

70.7%+8.2pp

Annual return

11.26%

53.87%-42.6pp

276.70%-265.4pp

28.51%-17.3pp

Employer contribution / active EE

$2,549

$3,191-20.1%

$4,645-45.1%

$2,270+12.3%

Participant deferral / active EE

$1,633

$6,073-73.1%

$6,843-76.1%

$3,740-56.3%

Admin fee / account holder

$151

$551-72.7%

$9,310-98.4%

$513-70.7%

Provider

Service type

Compensation

NATIONWIDE5 years

Service code 15 · EIN 31-1592130

Recordkeeping

$16,442

PRUCO SECURITIES, LLC2 years

Service code 22

Insurance Broker

$5,905

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Filed as: PRUDENTIAL INS. AGENCY, INC.

Service code 22

Insurance Broker

$1,102

EMPLOYEE BENEFIT CONSULTANTS OF FLO4 years

Service code 15 · EIN 65-0103612

Recordkeeping

$400

TD AMERITRADE, INC.4 years

Filed as: TD AMERITRADE

Service code 19 · EIN 47-0533629

Securities Custodian

$15

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