Retirement plan

SURFACE TECHNOLOGIES CORPORATION 401 K PROFIT SHARING PLAN

Name: SURFACE TECHNOLOGIES CORPORATION - SURFACE TECHNOLOGIES CORPORATION 401 K PROFIT SHARING PLAN (2017) 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 2017

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)

$5.7M

+14.7% from 2016

Total participants

262

+7.8% from 2016

Average account balance

$40,956

+25.5% from 2016

Annual return

12.24%

+6.92 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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 10 of 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$17,904
QUALIFIED PLANS, LLC2 years Filed as: QUALIFIED PLANS LLC Service code 13 · EIN 58-2605083	Contract Administrator	$14,174
QUALIFIED PLANS, LLC3+ years Service code 13 · EIN 58-2605083 PO BOX 1768 · SAVANNAH, GA 31404	Contract Administrator	$3,898
ALLIANZ GLOBAL INVESTORS1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
EATON VANCE1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY ADVISOR Service code 52 · EIN 04-3335387	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3438371	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2J2K2T3D3H

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).
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

$123 / participant

Investment mgmt$13K46.6%
Contract admin$4K15.3%
Other / not subdivided$11K38.1%

% of EOY assets

0.512%

all-in expense ratio

Categories reported

2 / 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: PIVOT CPAS
Auditor EIN: 200708248
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,956

$58,726-30.3%

$92,240-55.6%

$62,293-34.3%

Participation rate

47.2%

68.3%-21.1pp

76.5%-29.2pp

69.5%-22.3pp

Annual return

12.24%

43.62%-31.4pp

176.29%-164.1pp

28.90%-16.7pp

Employer contribution / active EE

$217

$2,392-90.9%

$3,680-94.1%

$2,042-89.4%

Participant deferral / active EE

$1,233

$2,766-55.4%

$3,897-68.4%

$3,169-61.1%

Admin fee / account holder

$210

$556-62.3%

$5,194-96.0%

$479-56.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$17,904

QUALIFIED PLANS, LLC2 years

Filed as: QUALIFIED PLANS LLC

Service code 13 · EIN 58-2605083

Contract Administrator

$14,174

QUALIFIED PLANS, LLC3+ years

Service code 13 · EIN 58-2605083

PO BOX 1768 · SAVANNAH, GA 31404

Contract Administrator

$3,898

ALLIANZ GLOBAL INVESTORS1 year

Service code 52 · EIN 90-0342299

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA1 year

Service code 52 · EIN 90-0342299

Indirect Investment Fees

EATON VANCE1 year

Service code 52 · EIN 90-0342299

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27 · EIN 61-1732930

Advisory (Plan)

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 04-3335387

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3438371

Indirect Investment Fees

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