Retirement plan

U.S. COMPUTER CORPORATION 401(K)/PROFIT SHARING PLAN

Name: U.S. COMPUTER CORPORATION - U.S. COMPUTER CORPORATION 401(K)/PROFIT SHARING PLAN (2020) Form 5500
Creator: U.S. COMPUTER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.S. COMPUTER CORPORATION 401(K)/PROFIT SHARING PLAN, U.S. COMPUTER CORPORATION

U.S. COMPUTER CORPORATIONEIN 72-0792336Plan #001PY 2020

1003 HUGH WALLIS RD S STE I - LAFAYETTE, LA 705082552337-237-2027uscomputers.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$9.3M

+4.3% from 2019

Total participants

101

-6.5% from 2019

Average account balance

$93,643

+12.8% from 2019

Annual return

14.60%

-8.32 pp from 2019

Benchmarks

See 26,426 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,426 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.45M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

323.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$169K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7448

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
DARNALL SIKES & FREDERICK1 year Filed as: DARNALL, SIKES & FREDERI Service code 10 · EIN 72-0738838	Accounting	$8,500
GESSER, EDGAR A.3 years Service code 49 4101 PRATT DR · NEW IBERIA, LA 705633334	Other Services	$3,408
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$1,350
WILSHIRE ASSOCIATES INCORPORATED6+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$10K

$365 / participant

Contract admin$10K100.0%

% of EOY assets

0.106%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DARNALL, SIKES & FREDERICK
Auditor EIN: 720738838
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,643

$98,750-5.2%

$149,696-37.4%

$79,858+17.3%

Participation rate

92.6%

75.8%+16.8pp

82.5%+10.1pp

69.6%+23.0pp

Annual return

14.60%

27.43%-12.8pp

276.60%-262.0pp

31.71%-17.1pp

Employer contribution / active EE

$5,449

$3,216+69.4%

$4,644+17.3%

$2,471+120.5%

Participant deferral / active EE

$16,094

$5,680+183.3%

$6,842+135.2%

$3,740+330.3%

Admin fee / account holder

$99

$6,053-98.4%

$9,309-98.9%

$5,306-98.1%

Provider

Service type

Compensation

DARNALL SIKES & FREDERICK1 year

Filed as: DARNALL, SIKES & FREDERI

Service code 10 · EIN 72-0738838

Accounting

$8,500

GESSER, EDGAR A.3 years

Service code 49

4101 PRATT DR · NEW IBERIA, LA 705633334

Other Services

$3,408

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,350

WILSHIRE ASSOCIATES INCORPORATED6+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

U.S. COMPUTER CORPORATION 401(K)/PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.S. COMPUTER 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