Retirement plan

SURFACE TECHNOLOGIES CORPORATION 401K PROFIT SHARING PLAN

Name: SURFACE TECHNOLOGIES CORPORATION - SURFACE TECHNOLOGIES CORPORATION 401K PROFIT SHARING PLAN (2020) 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 2020

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

Prospect flagsLow returnsLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$5.6M

+12.2% from 2019

Total participants

244

-3.2% from 2019

Average account balance

$44,106

+27.3% from 2019

Annual return

10.62%

-4.64 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.03M

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.

152

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.

49.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$677K

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

+11.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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 16 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$16,016
QUALIFIED PLANS, LLC5+ years Filed as: QUALIFIED PLANS LLC Service code 13 · EIN 58-2605083	Contract Administrator	$9,691
FUTURE PLAN CONSULTING - FORT WAYNE1 year Filed as: FUTURE PLAN CONSULTING - FORT WAYN Service code 13	Contract Administrator	$2,326
FUTURE PLAN CONSULTING - FORT WAYNE1 year Filed as: FUTURE PLAN CONSULTING- FORT WAYNE Service code 13	Contract Administrator	$1,020
FUTURE PLAN CONSULTING - FORT WAYNE2 years Service code 13 · EIN 11-3665754	Contract Administrator	$225
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BRANDON KENISH1 year Filed as: BRANDON WAYNE KUHN Service code 53 315 W TOWN PL · ST AUGUSTINE, FL 32092	Insurance Commissions	$0
COLUMBIA4 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27	Advisory (Plan)	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC4 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2J2K2T3D3H

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).
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

6 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 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

$23K

$113 / participant

Investment mgmt$10K43.5%
Contract admin$6K24.8%
Other / not subdivided$7K31.7%

% of EOY assets

0.422%

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: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,106

$69,383-36.4%

$101,264-56.4%

$73,493-40.0%

Participation rate

43.3%

68.4%-25.1pp

75.8%-32.5pp

70.7%-27.4pp

Annual return

10.62%

18.46%-7.8pp

46.48%-35.9pp

28.51%-17.9pp

Employer contribution / active EE

$230

$2,628-91.3%

$3,660-93.7%

$2,270-89.9%

Participant deferral / active EE

$1,219

$3,301-63.1%

$4,370-72.1%

$3,740-67.4%

Admin fee / account holder

$186

$704-73.6%

$5,947-96.9%

$513-63.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$16,016

QUALIFIED PLANS, LLC5+ years

Filed as: QUALIFIED PLANS LLC

Service code 13 · EIN 58-2605083

Contract Administrator

$9,691

FUTURE PLAN CONSULTING - FORT WAYNE1 year

Filed as: FUTURE PLAN CONSULTING - FORT WAYN

Service code 13

Contract Administrator

$2,326

FUTURE PLAN CONSULTING - FORT WAYNE1 year

Filed as: FUTURE PLAN CONSULTING- FORT WAYNE

Service code 13

Contract Administrator

$1,020

FUTURE PLAN CONSULTING - FORT WAYNE2 years

Service code 13 · EIN 11-3665754

Contract Administrator

$225

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BRANDON KENISH1 year

Filed as: BRANDON WAYNE KUHN

Service code 53

315 W TOWN PL · ST AUGUSTINE, FL 32092

Insurance Commissions

COLUMBIA4 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27

Advisory (Plan)

ENVESTNET RETIREMENT SOLUTIONS, LLC4 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

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