Retirement plan

FORBES TECHNICAL CONSULTING, LLC 401(K) PROFIT SHARING PLAN

Name: FORBES TECHNICAL CONSULTING, LLC - FORBES TECHNICAL CONSULTING, LLC 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: FORBES TECHNICAL CONSULTING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORBES TECHNICAL CONSULTING, LLC 401(K) PROFIT SHARING PLAN, FORBES TECHNICAL CONSULTING, LLC

FORBES TECHNICAL CONSULTING, LLCEIN 80-0334188Plan #001PY 2018

401 N. FRANKLIN ST. SUITE 3S - CHICAGO, IL 60654312-819-0470forbestc.comLinkedIn11-50 employeesstaffing and recruiting

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$363K

+16.0% from 2017

Total participants

-7.1% from 2017

Average account balance

$33,036

-15.6% from 2017

Annual return

-3.63%

-22.76 pp from 2017

Benchmarks

See 12,593 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort12,593 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.14M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$123K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$333

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$1K

$122 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.302%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$33,036

$95,188-65.3%

$76,518-56.8%

$135,379-75.6%

Participation rate

77.8%

74.4%+3.4pp

68.0%+9.8pp

82.6%-4.9pp

Annual return

-3.63%

4.85%-8.5pp

-0.27%-3.4pp

519.79%-523.4pp

Employer contribution / active EE

$3,303-100.0%

$2,647-100.0%

$4,779-100.0%

Participant deferral / active EE

$6,840

$4,640+47.4%

$3,836+78.3%

$5,609+22.0%

Admin fee / account holder

$100

$6,249-98.4%

$4,849-97.9%

$10,828-99.1%

FORBES TECHNICAL CONSULTING, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORBES TECHNICAL CONSULTING, LLC 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