Retirement plan

INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN

Name: INTELLECTECHS, INC. - INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: INTELLECTECHS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN, INTELLECTECHS, INC.

INTELLECTECHS, INC.EIN 80-0296101Plan #004PY 2021

195 SOUTH ROSEMONT ROAD SUITE 103 - VIRGINIA BEACH, VA 23452757-962-2487intellectechs.comLinkedIn51-200 employeescomputer & network security

Other plans on this EIN

3 filings

#001Retirement-$2.5M assets #002Retirement-$482K assets #003Retirement-$11K assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.2M

+42.0% from 2020

Total participants

185

+6.9% from 2020

Average account balance

$6,714

+29.1% from 2020

Annual return

17.07%

-19.85 pp from 2020

Benchmarks

See 27,004 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,004 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.10M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

308

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.

75.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$843K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Service code 15 · EIN 01-0233346	Recordkeeping	$22,873

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$24K

$376 / participant

Contract admin$24K100.0%

% of EOY assets

2.047%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WALL, EINHORN & CHERNITZER, P.C.
Auditor EIN: 541417420
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,714

$105,200-93.6%

$159,474-95.8%

$85,847-92.2%

Participation rate

84.4%

75.8%+8.6pp

82.8%+1.5pp

69.3%+15.1pp

Annual return

17.07%

45.08%-28.0pp

263.68%-246.6pp

318.61%-301.5pp

Employer contribution / active EE

$6,002

$3,319+80.9%

$4,831+24.2%

$2,565+134.0%

Participant deferral / active EE

$837

$5,946-85.9%

$7,353-88.6%

$3,952-78.8%

Admin fee / account holder

$137

$6,934-98.0%

$10,802-98.7%

$6,261-97.8%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Service code 15 · EIN 01-0233346

Recordkeeping

$22,873

INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING 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