Retirement plan

SAFCO SOUND & SECURITY SYSTEMS INC. RETIREMENT PLAN

Name: SAFCO SOUND & SECURITY SYSTEMS INC. - SAFCO SOUND & SECURITY SYSTEMS INC. RETIREMENT PLAN (2018) Form 5500
Creator: SAFCO SOUND & SECURITY SYSTEMS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAFCO SOUND & SECURITY SYSTEMS INC. RETIREMENT PLAN, SAFCO SOUND & SECURITY SYSTEMS INC.

SAFCO SOUND & SECURITY SYSTEMS INC.EIN 77-0304572Plan #001PY 2018

4436 TECHNOLOGY DRIVE - FREMONT, CA 94538408-272-1911

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$794K

+3.1% from 2017

Total participants

+11.1% from 2017

Average account balance

$198,446

+3.1% from 2017

Annual return

-4.29%

-18.10 pp from 2017

Benchmarks

See 22,374 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,374 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$600K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.87%

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 codes2F2G2J3D

Plan features

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.
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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$198,446

$135,645+46.3%

$110,243+80.0%

$135,380+46.6%

Participation rate

33.3%

83.5%-50.1pp

79.8%-46.5pp

82.6%-49.3pp

Annual return

-4.29%

513.24%-517.5pp

314.76%-319.0pp

519.81%-524.1pp

Employer contribution / active EE

$2,076

$4,907-57.7%

$3,827-45.7%

$4,779-56.6%

Participant deferral / active EE

$4,215

$5,507-23.5%

$4,672-9.8%

$5,609-24.8%

Admin fee / account holder

$11,458-100.0%

$8,548-100.0%

$10,828-100.0%

SAFCO SOUND & SECURITY SYSTEMS INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SAFCO SOUND & SECURITY SYSTEMS INC. RETIREMENT 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