Retirement plan

SPTCO MEP 401(K) FOR FIRE BRIGADE ALARM SYSTEMS

Name: SARASOTA ELECTRIC CORPORATION DBA FIRE BRIGADE ALARM SYSTEMS - SPTCO MEP 401(K) FOR FIRE BRIGADE ALARM SYSTEMS (2020) Form 5500
Creator: SARASOTA ELECTRIC CORPORATION DBA FIRE BRIGADE ALARM SYSTEMS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPTCO MEP 401(K) FOR FIRE BRIGADE ALARM SYSTEMS, SARASOTA ELECTRIC CORPORATION DBA FIRE BRIGADE ALARM SYSTEMS

SARASOTA ELECTRIC CORPORATION DBA FIRE BRIGADE ALARM SYSTEMSEIN 65-0184123Plan #001PY 2020

1882 PORTER LAKE DRIVE, UNIT107 - SARASOTA, FL 34240941-915-1001sarasotaelectrical.comLinkedIn1-10 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$426K

+37.4% from 2019

Total participants

+6.3% from 2019

Average account balance

$25,035

+21.2% from 2019

Annual return

9.62%

-11.80 pp from 2019

Benchmarks

See 14,134 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort14,134 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.20M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

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.

177.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$168K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$599

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$8K

$512 / participant

Other / not subdivided$8K100.0%

% of EOY assets

1.923%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,035

$109,372-77.1%

$89,414-72.0%

$158,966-84.3%

Participation rate

100.0%

74.3%+25.7pp

68.0%+32.0pp

82.0%+18.0pp

Annual return

9.62%

345.55%-335.9pp

245.50%-235.9pp

302.95%-293.3pp

Employer contribution / active EE

$1,436

$3,171-54.7%

$2,586-44.5%

$4,762-69.8%

Participant deferral / active EE

$4,450

$4,598-3.2%

$3,890+14.4%

$5,983-25.6%

Admin fee / account holder

$481

$6,156-92.2%

$4,883-90.1%

$11,250-95.7%

SPTCO MEP 401(K) FOR FIRE BRIGADE ALARM SYSTEMS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPTCO MEP 401(K) FOR FIRE BRIGADE ALARM SYSTEMS

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