Retirement plan

SCALED COMPOSITES, LLC INCENTIVE SAVINGS PLAN

Name: SCALED COMPOSITES, LLC - SCALED COMPOSITES, LLC INCENTIVE SAVINGS PLAN (2020) Form 5500
Creator: SCALED COMPOSITES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCALED COMPOSITES, LLC INCENTIVE SAVINGS PLAN, SCALED COMPOSITES, LLC

SCALED COMPOSITES, LLCEIN 77-0554360Plan #001PY 2020

1624 FLIGHT LINE - MOJAVE, CA 935011663661-824-4541scaled.comLinkedIn201-500 employeesaviation & aerospace

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed March 24, 2025

Plan administrator

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1624 Flight Line

Mojave, CA 93501

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Plans declared (1)

Long-Term Incentive Program45 emp

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Total assets (EOY)

$39.5M

+2.3% from 2019

Total participants

454

-1.7% from 2019

Average account balance

$87,937

+5.0% from 2019

Annual return

14.22%

-6.93 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.90M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

369

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$353

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

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
CERITY PARTNERS3 years Service code 17 11601 WILSHIRE BOULEVARD · LOS ANGELES, CA 90025	Pension Consulting	$100,659
DIGITAL RETIREMENT SOLUTIONS, INC.6+ years Service code 12 · EIN 84-1477138	Participant communication; Recordkeep...	$32,879
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB BANK Service code 18 · EIN 42-1558009	Shareholder servicing fees; Trustee (...	$17,713

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3B3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$149K

$474 / participant

Investment mgmt$101K67.4%
Contract admin$33K22.0%
Other / not subdivided$16K10.5%

% of EOY assets

0.378%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HUTCHINSON & BLOODGOOD LLP
Auditor EIN: 950858589
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,937

$79,519+10.6%

$95,960-8.4%

$73,412+19.8%

Participation rate

98.4%

81.2%+17.2pp

77.1%+21.3pp

72.2%+26.2pp

Annual return

14.22%

19.20%-5.0pp

91.63%-77.4pp

59.30%-45.1pp

Employer contribution / active EE

$3,789

$2,048+85.1%

$2,541+49.1%

$2,234+69.7%

Participant deferral / active EE

$5,436

$4,138+31.3%

$4,167+30.5%

$3,806+42.8%

Admin fee / account holder

$332

$184+80.4%

$6,797-95.1%

$158+110.5%

Provider

Service type

Compensation

CERITY PARTNERS3 years

Service code 17

11601 WILSHIRE BOULEVARD · LOS ANGELES, CA 90025

Pension Consulting

$100,659

DIGITAL RETIREMENT SOLUTIONS, INC.6+ years

Service code 12 · EIN 84-1477138

Participant communication; Recordkeep...

$32,879

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB BANK

Service code 18 · EIN 42-1558009

Shareholder servicing fees; Trustee (...

$17,713

SCALED COMPOSITES, LLC INCENTIVE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCALED COMPOSITES, LLC INCENTIVE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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