Retirement plan

SONIC SYSTEMS INTERNATIONAL, INC. 401(K) P/S PLAN

Name: SONIC SYSTEMS INTERNATIONAL, INC - SONIC SYSTEMS INTERNATIONAL, INC. 401(K) P/S PLAN (2019) Form 5500
Creator: SONIC SYSTEMS INTERNATIONAL, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SONIC SYSTEMS INTERNATIONAL, INC. 401(K) P/S PLAN, SONIC SYSTEMS INTERNATIONAL, INC

SONIC SYSTEMS INTERNATIONAL, INCEIN 74-2014414Plan #001PY 2019

1880 SOUTH DIARY ASHFORD, SUITE 207 - HOUSTON, TX 77077281-531-7611

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$9M

+32.2% from 2018

Total participants

782

+15.5% from 2018

Average account balance

$41,319

+14.6% from 2018

Annual return

21.15%

+25.12 pp from 2018

Benchmarks

See 689 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort689 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.11M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

383

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.

27.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.34M

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

+15.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER3 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$2,400
ADP BROKER-DEALER3 years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0
MORGAN STANLEY SMITH BARNEY3 years Service code 49 3280 PEACHTREE ROAD NE · ATLANTA, GA 30305	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$3 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.027%

all-in expense ratio

Categories reported

0 / 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: MELTON & MELTON
Auditor EIN: 741550819
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,319

$40,522+2.0%

$84,637-51.2%

$67,582-38.9%

Participation rate

24.9%

51.1%-26.2pp

68.2%-43.3pp

71.3%-46.4pp

Annual return

21.15%

32.72%-11.6pp

258.82%-237.7pp

378.57%-357.4pp

Employer contribution / active EE

$1,146-100.0%

$2,653-100.0%

$2,148-100.0%

Participant deferral / active EE

$2,248

$2,132+5.5%

$3,900-42.4%

$3,539-36.5%

Admin fee / account holder

$11

$145-92.4%

$4,914-99.8%

$142-92.3%

Provider

Service type

Compensation

ADP BROKER-DEALER3 years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$2,400

ADP BROKER-DEALER3 years

Service code 59 · EIN 22-3319984

Shareholder Servicing

MORGAN STANLEY SMITH BARNEY3 years

Service code 49

3280 PEACHTREE ROAD NE · ATLANTA, GA 30305

Other Services

SONIC SYSTEMS INTERNATIONAL, INC. 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SONIC SYSTEMS INTERNATIONAL, INC. 401(K) P/S 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