Retirement plan

SOUND GENERATIONS RETIREMENT PLAN

Name: SOUND GENERATIONS - SOUND GENERATIONS RETIREMENT PLAN (2019) Form 5500
Creator: SOUND GENERATIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUND GENERATIONS RETIREMENT PLAN, SOUND GENERATIONS

SOUND GENERATIONSEIN 91-0823767Plan #002PY 2019

2208 SECOND AVENUE, SUITE 100 - SEATTLE, WA 981212055206-727-6244tonegeneratoronline.netLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.7M

+7.0% from 2018

Total participants

235

-4.1% from 2018

Average account balance

$36,311

+4.3% from 2018

Annual return

17.31%

+22.88 pp from 2018

Benchmarks

See 5,341 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,341 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.99M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

250

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

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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 4 by compensation

Provider	Service type	Compensation
BENEFIT ADMINISTRATION, INC.2 years Filed as: BENEFIT ADMINISTRATION COMPANY Service code 13 · EIN 91-1999591	Contract Administrator	$11,468
BAC CAPITAL ADVISORS, LLC5+ years Service code 26 · EIN 91-1999591	Advisory (Participants)	$9,298
THE VANGUARD GROUP, INC.1 year Service code 15 · EIN 23-1945930	Recordkeeping	$6,014
NATIONAL FINANCIAL SERVICES5+ years Filed as: NATIONAL FINANCIAL SERVICES, INC. Service code 19 · EIN 04-3523567	Securities Custodian	$1,328

Plan features & details

Pension benefit codes2S2E3D2G2J2F2T3F

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.
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$25K

$140 / participant

Contract admin$6K24.1%
Other / not subdivided$19K75.9%

% of EOY assets

0.440%

all-in expense ratio

Categories reported

1 / 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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,311

$52,967-31.4%

$172,753-79.0%

$65,186-44.3%

Participation rate

55.6%

66.2%-10.6pp

82.6%-27.0pp

70.2%-14.6pp

Annual return

17.31%

30.12%-12.8pp

803.00%-785.7pp

29.39%-12.1pp

Employer contribution / active EE

$2,190-100.0%

$5,144-100.0%

$2,177-100.0%

Participant deferral / active EE

$2,305

$2,471-6.7%

$5,198-55.6%

$3,514-34.4%

Admin fee / account holder

$160

$472-66.2%

$13,956-98.9%

$847-81.2%

Provider

Service type

Compensation

BENEFIT ADMINISTRATION, INC.2 years

Filed as: BENEFIT ADMINISTRATION COMPANY

Service code 13 · EIN 91-1999591

Contract Administrator

$11,468

BAC CAPITAL ADVISORS, LLC5+ years

Service code 26 · EIN 91-1999591

Advisory (Participants)

$9,298

THE VANGUARD GROUP, INC.1 year

Service code 15 · EIN 23-1945930

Recordkeeping

$6,014

NATIONAL FINANCIAL SERVICES5+ years

Filed as: NATIONAL FINANCIAL SERVICES, INC.

Service code 19 · EIN 04-3523567

Securities Custodian

$1,328

SOUND GENERATIONS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUND GENERATIONS RETIREMENT 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