Retirement plan

SPECTRUM LIGHTING, INC. - AUSTIN PROFIT SHARING 401(K) PLAN

Name: SPECTRUM LIGHTING, INC. AUSTIN - SPECTRUM LIGHTING, INC. - AUSTIN PROFIT SHARING 401(K) PLAN (2017) Form 5500
Creator: SPECTRUM LIGHTING, INC. AUSTIN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPECTRUM LIGHTING, INC. - AUSTIN PROFIT SHARING 401(K) PLAN, SPECTRUM LIGHTING, INC. AUSTIN

SPECTRUM LIGHTING, INC. AUSTINEIN 74-2581136Plan #002PY 2017

8868 RESEARCH BLVD., SUITE 104 - AUSTIN, TX 78758512-442-0661LinkedIn11-50 employeesarchitecture & planning

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$5.1M

+2.9% from 2016

Total participants

+20.0% from 2016

Average account balance

$244,161

-2.0% from 2016

Annual return

12.26%

+7.76 pp from 2016

Benchmarks

See 37,229 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort37,229 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.82M

Not enough data

1 years with asset history on file

Average account balance

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

$455K

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

$611K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+14.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35762

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 codes2E2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$42686 / participant

Other / not subdivided$1M100.0%

% of EOY assets

19.980%

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

$244,161

$106,008+130.3%

$92,240+164.7%

$147,586+65.4%

Participation rate

87.5%

80.4%+7.1pp

76.5%+11.0pp

82.8%+4.7pp

Annual return

12.26%

50.05%-37.8pp

176.29%-164.0pp

578.59%-566.3pp

Employer contribution / active EE

$15,019

$4,333+246.6%

$3,680+308.2%

$4,876+208.0%

Participant deferral / active EE

$8,134

$4,478+81.6%

$3,897+108.7%

$5,439+49.6%

Admin fee / account holder

$48,784

$6,333+670.3%

$5,194+839.2%

$10,886+348.1%

SPECTRUM LIGHTING, INC. - AUSTIN PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPECTRUM LIGHTING, INC. - AUSTIN PROFIT SHARING 401(K) 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