Retirement plan

D.A. SCHOGGIN, INC. DBA TECHLIGHT 401(K) P/S RETIREMENT PLAN

Name: D.A. SCHOGGIN, INC. DBA TECHLIGHT - D.A. SCHOGGIN, INC. DBA TECHLIGHT 401(K) P/S RETIREMENT PLAN (2022) Form 5500
Creator: D.A. SCHOGGIN, INC. DBA TECHLIGHT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, D.A. SCHOGGIN, INC. DBA TECHLIGHT 401(K) P/S RETIREMENT PLAN, D.A. SCHOGGIN, INC. DBA TECHLIGHT

D.A. SCHOGGIN, INC. DBA TECHLIGHTEIN 75-2176633Plan #001PY 2022

2707 SATSUMA DR. - DALLAS, TX 75229214-350-0591LinkedIn51-200 employeesmanagement consulting

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.8M

-10.8% from 2021

Total participants

113

-17.5% from 2021

Average account balance

$68,400

-9.2% from 2021

Annual return

-11.02%

-21.61 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.14M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

44.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$377K

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

+9.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23543

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

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS LLC Service code 26 · EIN 34-1542819	Advisory (Participants)	$9,689
ENVESTNET RETIREMENT SOLUTIONS, LLC3 years Filed as: ENVESTNET RETIREMENT SOLUTIONS Service code 26 · EIN 61-1732930	Advisory (Participants)	$1,491
JOHN HANCOCK LIFE INSURANCE COMPANY7 years Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201	Recordkeeping	$1,049

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$28K

$279 / participant

Investment mgmt$11K40.0%
Contract admin$15K54.3%
Other / not subdivided$2K5.7%

% of EOY assets

0.743%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: THE CJ CPA GROUP, PLLC
Auditor EIN: 274461251
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,400

$65,453+4.5%

$86,698-21.1%

$66,938+2.2%

Participation rate

42.0%

75.5%-33.5pp

76.6%-34.6pp

69.8%-27.8pp

Annual return

-11.02%

-10.89%-0.1pp

35.95%-47.0pp

1.58%-12.6pp

Employer contribution / active EE

$1,248

$2,154-42.1%

$2,837-56.0%

$2,545-51.0%

Participant deferral / active EE

$2,162

$4,102-47.3%

$4,656-53.6%

$4,238-49.0%

Admin fee / account holder

$508

$642-20.9%

$7,493-93.2%

$594-14.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO ADVISORS LLC

Service code 26 · EIN 34-1542819

Advisory (Participants)

$9,689

ENVESTNET RETIREMENT SOLUTIONS, LLC3 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS

Service code 26 · EIN 61-1732930

Advisory (Participants)

$1,491

JOHN HANCOCK LIFE INSURANCE COMPANY7 years

Service code 15 · EIN 01-0233346

PO BOX 600 · BUFFALO, NY 14201

Recordkeeping

$1,049

D.A. SCHOGGIN, INC. DBA TECHLIGHT 401(K) P/S RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

D.A. SCHOGGIN, INC. DBA TECHLIGHT 401(K) P/S RETIREMENT 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