Retirement plan

IDEC CORPORATION PROFIT SHARING AND SHARED SAVINGS PLAN

Name: IDEC CORPORATION - IDEC CORPORATION PROFIT SHARING AND SHARED SAVINGS PLAN (2016) Form 5500
Creator: IDEC CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IDEC CORPORATION PROFIT SHARING AND SHARED SAVINGS PLAN, IDEC CORPORATION

IDEC CORPORATIONEIN 94-2303484Plan #001PY 2016

1175 ELKO DRIVE - SUNNYVALE, CA 940892209408-745-5234

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$16.2M

No prior year

Total participants

139

No prior year

Average account balance

$116,876

No prior year

Annual return

0.54%

No prior year

Benchmarks

See 9,335 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,335 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.38M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

130

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.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+5.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$623

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
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Service code 13 · EIN 06-1050034	Contract Administrator	$46,594
PENSIONMARK FINANCIAL GROUP LLC1+ years Service code 27 · EIN 61-1758632	Advisory (Plan)	$19,555
INDEPENDENT FINANCIAL PARTNERS1+ years Filed as: INDEPENDENT FINANACIAL PARTNERS FBO Service code 27 · EIN 59-3331424	Advisory (Plan)	$18,801
SHEA LABAGH DOBBERSTEIN1+ years Filed as: SHEA LABAGH DOBBERSTEIN CPA'S, INC. Service code 10 · EIN 94-2290202	Accounting	$16,261

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$101K

$1044 / participant

Other / not subdivided$101K100.0%

% of EOY assets

0.624%

all-in expense ratio

Categories reported

0 / 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: SHEA LABAGH DOBBERSTEIN
Auditor EIN: 942290202
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,876

$69,977+67.0%

$108,582+7.6%

$62,881+85.9%

Participation rate

100.0%

72.9%+27.1pp

79.6%+20.4pp

69.3%+30.7pp

Annual return

0.54%

10.73%-10.2pp

-51.70%+52.2pp

20.14%-19.6pp

Employer contribution / active EE

$3,025

$2,135+41.7%

$3,758-19.5%

$2,281+32.6%

Participant deferral / active EE

$7,317

$3,165+131.2%

$4,311+69.7%

$3,203+128.5%

Admin fee / account holder

$729

$5,076-85.6%

$7,645-90.5%

$4,296-83.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$46,594

PENSIONMARK FINANCIAL GROUP LLC1+ years

Service code 27 · EIN 61-1758632

Advisory (Plan)

$19,555

INDEPENDENT FINANCIAL PARTNERS1+ years

Filed as: INDEPENDENT FINANACIAL PARTNERS FBO

Service code 27 · EIN 59-3331424

Advisory (Plan)

$18,801

SHEA LABAGH DOBBERSTEIN1+ years

Filed as: SHEA LABAGH DOBBERSTEIN CPA'S, INC.

Service code 10 · EIN 94-2290202

Accounting

$16,261

IDEC CORPORATION PROFIT SHARING AND SHARED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IDEC CORPORATION PROFIT SHARING AND SHARED SAVINGS 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