Retirement plan

ON-BOARD COMMUNICATIONS, INC. (K) PLAN

Name: ON-BOARD COMMUNICATIONS, INC. - ON-BOARD COMMUNICATIONS, INC. (K) PLAN (2022) Form 5500
Creator: ON-BOARD COMMUNICATIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ON-BOARD COMMUNICATIONS, INC. (K) PLAN, ON-BOARD COMMUNICATIONS, INC.

ON-BOARD COMMUNICATIONS, INC.EIN 75-2963570Plan #002PY 2022

12850 SPURLING DRIVE, SUITE 280 - DALLAS, TX 75230214-346-0300onboardcommunications.comLinkedIn11-50 employeestelecommunications

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$255K

-13.7% from 2021

Total participants

+12.5% from 2021

Average account balance

$85,112

-13.7% from 2021

Annual return

-17.66%

-38.98 pp from 2021

Benchmarks

See 10,380 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort10,380 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-3.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

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

$85,112

$99,668-14.6%

$86,451-1.5%

$134,545-36.7%

Participation rate

25.0%

82.1%-57.1pp

80.3%-55.3pp

81.2%-56.2pp

Annual return

-17.66%

6789.61%-6807.3pp

4398.51%-4416.2pp

418.37%-436.0pp

Employer contribution / active EE

$4,403-100.0%

$3,770-100.0%

$4,742-100.0%

Participant deferral / active EE

$1,478

$7,249-79.6%

$6,953-78.7%

$6,401-76.9%

Admin fee / account holder

$8,377-100.0%

$6,734-100.0%

$11,431-100.0%

ON-BOARD COMMUNICATIONS, INC. (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ON-BOARD COMMUNICATIONS, INC. (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion