Retirement plan

SURFACE TECHNOLOGIES CORPORATION 401 K PROFIT SHARING PLAN

Name: SURFACE TECHNOLOGIES CORPORATION - SURFACE TECHNOLOGIES CORPORATION 401 K PROFIT SHARING PLAN (2015) Form 5500
Creator: SURFACE TECHNOLOGIES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SURFACE TECHNOLOGIES CORPORATION 401 K PROFIT SHARING PLAN, SURFACE TECHNOLOGIES CORPORATION

SURFACE TECHNOLOGIES CORPORATIONEIN 59-2512134Plan #001PY 2015

2440 MAYPORT ROAD, SUITE 7 - ATLANTIC BEACH, FL 32233904-241-1501

Prospect flagsLow returnsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.6M

No prior year

Total participants

230

No prior year

Average account balance

$30,887

No prior year

Annual return

-3.06%

No prior year

Benchmarks

See 1,997 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort1,997 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.65M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

146

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$632K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$102

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
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$25,832
QUALIFIED PLANS, LLC1+ years Service code 13 · EIN 58-2605083 P.O. BOX 1768 · SAVANNAH, GA 31404	Contract Administrator	$11,474
SURFACE TECHNOLOGIES1+ years Service code 50 · EIN 59-2512134 2440 MAYPORT ROAD, SUITE 7 · ATLANTIC BEACH, FL 32233	Direct Payment	$1,500
STANLEY BENEFIT SERVICES, INC.1+ years Filed as: STANLEY R DOMINEY Service code 53 200 W FORSYTH ST STE 600 · JACKSONVILLE, FL 32202	Insurance Commissions	$0
SUZANNE NEEDHAM1+ years Filed as: SUZANNE JOHNSON-AUSTIN Service code 53 200 W FORSYTH ST STE 600 · JACKSONVILLE, FL 32202	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$29K

$150 / participant

Contract admin$29K100.0%

% of EOY assets

0.644%

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: GRIGGS GROUP
Auditor EIN: 200708248
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,887

$50,464-38.8%

$75,784-59.2%

$52,331-41.0%

Participation rate

58.2%

66.8%-8.6pp

75.8%-17.7pp

68.1%-9.9pp

Annual return

-3.06%

1.03%-4.1pp

9.68%-12.7pp

4.54%-7.6pp

Employer contribution / active EE

$223

$1,988-88.8%

$3,323-93.3%

$1,882-88.2%

Participant deferral / active EE

$1,514

$2,570-41.1%

$3,652-58.5%

$3,022-49.9%

Admin fee / account holder

$199

$1,103-82.0%

$5,300-96.2%

$592-66.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$25,832

QUALIFIED PLANS, LLC1+ years

Service code 13 · EIN 58-2605083

P.O. BOX 1768 · SAVANNAH, GA 31404

Contract Administrator

$11,474

SURFACE TECHNOLOGIES1+ years

Service code 50 · EIN 59-2512134

2440 MAYPORT ROAD, SUITE 7 · ATLANTIC BEACH, FL 32233

Direct Payment

$1,500

STANLEY BENEFIT SERVICES, INC.1+ years

Filed as: STANLEY R DOMINEY

Service code 53

200 W FORSYTH ST STE 600 · JACKSONVILLE, FL 32202

Insurance Commissions

SUZANNE NEEDHAM1+ years

Filed as: SUZANNE JOHNSON-AUSTIN

Service code 53

200 W FORSYTH ST STE 600 · JACKSONVILLE, FL 32202

Insurance Commissions

SURFACE TECHNOLOGIES CORPORATION 401 K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SURFACE TECHNOLOGIES CORPORATION 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