Retirement plan

SURFACE TECHNOLOGIES CORPORATION 401K PROFIT SHARING PLAN

Name: SURFACE TECHNOLOGIES CORPORATION - SURFACE TECHNOLOGIES CORPORATION 401K PROFIT SHARING PLAN (2018) Form 5500
Creator: SURFACE TECHNOLOGIES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SURFACE TECHNOLOGIES CORPORATION 401K PROFIT SHARING PLAN, SURFACE TECHNOLOGIES CORPORATION

SURFACE TECHNOLOGIES CORPORATIONEIN 59-2512134Plan #001PY 2018

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

Prospect flagsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$5.1M

-10.5% from 2017

Total participants

233

-11.1% from 2017

Average account balance

$37,452

-8.6% from 2017

Annual return

-3.68%

-15.92 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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 11 by compensation

Provider	Service type	Compensation
QUALIFIED PLANS, LLC3 years Filed as: QUALIFIED PLANS LLC Service code 13 · EIN 58-2605083 PO BOX 1768 · SAVANNAH, GA 31404	Contract Administrator	$18,165
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 52 · EIN 04-1590850	Indirect Investment Fees	$16,404
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA2 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
FRANKLIN TEMPLETON2 years Service code 52 · EIN 22-2894171	Indirect Investment Fees	$0
MAINSTAY2 years Service code 52 · EIN 52-2206685	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT2 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
STANLEY BENEFIT SERVICES, INC.4+ years Filed as: STANLEY R DOMINEY Service code 53 200 W FORSYTH ST, STE 600 · JACKSONVILLE, FL 32202	Insurance Commissions	$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

4 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.
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

$26K

$132 / participant

Investment mgmt$12K43.5%
Contract admin$5K18.5%
Other / not subdivided$10K38.0%

% of EOY assets

0.523%

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

$37,452

$55,449-32.5%

$83,830-55.3%

$56,287-33.5%

Participation rate

51.2%

68.0%-16.8pp

76.1%-24.9pp

69.9%-18.6pp

Annual return

-3.68%

-1.38%-2.3pp

850.97%-854.7pp

-9.96%+6.3pp

Employer contribution / active EE

$270

$2,430-88.9%

$3,631-92.6%

$2,111-87.2%

Participant deferral / active EE

$1,438

$2,935-51.0%

$4,082-64.8%

$3,350-57.1%

Admin fee / account holder

$196

$656-70.1%

$5,479-96.4%

$521-62.4%

Provider

Service type

Compensation

QUALIFIED PLANS, LLC3 years

Filed as: QUALIFIED PLANS LLC

Service code 13 · EIN 58-2605083

PO BOX 1768 · SAVANNAH, GA 31404

Contract Administrator

$18,165

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$16,404

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA2 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

FRANKLIN TEMPLETON2 years

Service code 52 · EIN 22-2894171

Indirect Investment Fees

MAINSTAY2 years

Service code 52 · EIN 52-2206685

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT2 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

STANLEY BENEFIT SERVICES, INC.4+ years

Filed as: STANLEY R DOMINEY

Service code 53

200 W FORSYTH ST, STE 600 · JACKSONVILLE, FL 32202

Insurance Commissions

SURFACE TECHNOLOGIES CORPORATION 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SURFACE TECHNOLOGIES CORPORATION 401K 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