Retirement plan

AUTOMATIC BUSINESS MACHINES CORPORATION PROFIT SHARING P LAN

Name: AUTOMATIC BUSINESS MACHINES CORPORATION - AUTOMATIC BUSINESS MACHINES CORPORATION PROFIT SHARING P LAN (2020) Form 5500
Creator: AUTOMATIC BUSINESS MACHINES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AUTOMATIC BUSINESS MACHINES CORPORATION PROFIT SHARING P LAN, AUTOMATIC BUSINESS MACHINES CORPORATION

AUTOMATIC BUSINESS MACHINES CORPORATIONEIN 73-0677773Plan #001PY 2020

3444 S, BOULEVARD - EDMOND, OK 73013405-842-8224

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1M

+3.5% from 2019

Total participants

-16.7% from 2019

Average account balance

$203,904

+24.2% from 2019

Annual return

3.04%

+3.33 pp from 2019

Benchmarks

See 14,128 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort14,128 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$856K

Not enough data

1 years with asset history on file

Average account balance

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

$214K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7K

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

+9.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4000

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 codes2E2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$4K

$795 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.390%

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

$203,904

$109,411+86.4%

$89,435+128.0%

$158,982+28.3%

Participation rate

100.0%

74.3%+25.7pp

68.0%+32.0pp

82.0%+18.0pp

Annual return

3.04%

345.68%-342.6pp

245.55%-242.5pp

302.99%-300.0pp

Employer contribution / active EE

$1,787

$3,173-43.7%

$2,587-30.9%

$4,763-62.5%

Participant deferral / active EE

$4,600-100.0%

$3,890-100.0%

$5,983-100.0%

Admin fee / account holder

$795

$6,159-87.1%

$4,884-83.7%

$11,252-92.9%

AUTOMATIC BUSINESS MACHINES CORPORATION PROFIT SHARING P LAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AUTOMATIC BUSINESS MACHINES CORPORATION PROFIT SHARING P LAN

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