Retirement plan

SARCONA MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: SARCONA MANAGEMENT, INC. DBA SARCON - SARCONA MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2015) Form 5500
Creator: SARCONA MANAGEMENT, INC. DBA SARCON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SARCONA MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN AND TRUST, SARCONA MANAGEMENT, INC. DBA SARCON

SARCONA MANAGEMENT, INC. DBA SARCONEIN 72-1526731Plan #001PY 2015

58 JACOBUS AVENUE - SOUTH KEARNEY, NJ 07032973-466-3033LinkedIn51-200 employeespackage/freight delivery

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$973K

No prior year

Total participants

No prior year

Average account balance

$81,113

No prior year

Annual return

0.05%

No prior year

Benchmarks

See 3,171 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,171 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.82M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

18.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$476K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1174

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$90K

$1544 / participant

Other / not subdivided$90K100.0%

% of EOY assets

9.201%

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

$81,113

$44,850+80.9%

$60,547+34.0%

$59,633+36.0%

Participation rate

19.0%

59.5%-40.5pp

68.0%-49.0pp

68.7%-49.7pp

Annual return

0.05%

1074.14%-1074.1pp

335.64%-335.6pp

2041.40%-2041.4pp

Employer contribution / active EE

$615

$1,462-57.9%

$2,419-74.6%

$2,203-72.1%

Participant deferral / active EE

$1,186

$2,230-46.8%

$3,328-64.4%

$3,192-62.8%

Admin fee / account holder

$7,463

$3,635+105.3%

$4,536+64.5%

$4,297+73.7%

SARCONA MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SARCONA MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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