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 (2021) 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 2021

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$10.5M

+18.0% from 2020

Total participants

+3.6% from 2020

Average account balance

$361,254

+13.9% from 2020

Annual return

11.80%

-7.73 pp from 2020

Benchmarks

See 16,659 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,659 peers

Snapshot2021

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 codes2T2E3D

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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$38K

$1294 / participant

Other / not subdivided$38K100.0%

% of EOY assets

0.358%

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

$361,254

$78,670+359.2%

$109,173+230.9%

$85,847+320.8%

Participation rate

100.0%

68.3%+31.7pp

75.9%+24.1pp

69.3%+30.7pp

Annual return

11.80%

25.09%-13.3pp

25.75%-14.0pp

318.61%-306.8pp

Employer contribution / active EE

$8,621

$2,734+215.3%

$3,723+131.6%

$2,565+236.0%

Participant deferral / active EE

$11,561

$3,467+233.4%

$4,654+148.4%

$3,952+192.5%

Admin fee / account holder

$1,294

$5,469-76.3%

$6,755-80.8%

$6,261-79.3%

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