Retirement plan

SYSTEMS INTEGRATION SOLUTIONS, INC. 401(K) PLAN

Name: SYSTEMS INTEGRATION SOLUTIONS, INC. - SYSTEMS INTEGRATION SOLUTIONS, INC. 401(K) PLAN (2016) Form 5500
Creator: SYSTEMS INTEGRATION SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYSTEMS INTEGRATION SOLUTIONS, INC. 401(K) PLAN, SYSTEMS INTEGRATION SOLUTIONS, INC.

SYSTEMS INTEGRATION SOLUTIONS, INC.EIN 94-3110374Plan #001PY 2016

1255 TREAT BLVD STE 100 - WALNUT CREEK, CA 94597925-465-7400sisinc.comLinkedIn201-500 employeesstaffing and recruiting

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$2.2M

-25.0% from 2015

Total participants

108

-44.9% from 2015

Average account balance

$29,306

-7.2% from 2015

Annual return

1.79%

+4.31 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.51M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

103.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$404K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+18.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11943

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

Top 2 by compensation

Provider	Service type	Compensation
WESPAC PLAN SERVICES, LLC2+ years Filed as: WESPAC ADVISORS, LLC Service code 27 · EIN 26-2824668 519 17TH STREET, 5TH FLOOR · OAKLAND, CA 94612	Advisory (Plan)	$6,905
WESPAC PLAN SERVICES, LLC1 year Filed as: WESPAC PLAN SERVICE, LLC Service code 13 · EIN 26-2824865 519 17TH STREET, 5TH FLOOR · OAKLAND, CA 94612	Contract Administrator	$4,548

Plan features & details

Pension benefit codes2E2F2J2K2R2S2T3D

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).
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$11K

$249 / participant

Investment mgmt$7K60.3%
Other / not subdivided$5K39.7%

% of EOY assets

0.514%

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: AUDIT AND TAX SOLUTIONS, CPAS, INC.
Auditor EIN: 943211753
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,306

$76,551-61.7%

$123,894-76.3%

$62,881-53.4%

Participation rate

30.4%

73.0%-42.5pp

81.4%-51.0pp

69.3%-38.9pp

Annual return

1.79%

18.68%-16.9pp

47.52%-45.7pp

20.14%-18.4pp

Employer contribution / active EE

$2,882-100.0%

$4,617-100.0%

$2,281-100.0%

Participant deferral / active EE

$5,921

$4,840+22.3%

$5,984-1.1%

$3,203+84.9%

Admin fee / account holder

$151

$4,826-96.9%

$8,357-98.2%

$4,296-96.5%

Provider

Service type

Compensation

WESPAC PLAN SERVICES, LLC2+ years

Filed as: WESPAC ADVISORS, LLC

Service code 27 · EIN 26-2824668

519 17TH STREET, 5TH FLOOR · OAKLAND, CA 94612

Advisory (Plan)

$6,905

WESPAC PLAN SERVICES, LLC1 year

Filed as: WESPAC PLAN SERVICE, LLC

Service code 13 · EIN 26-2824865

519 17TH STREET, 5TH FLOOR · OAKLAND, CA 94612

Contract Administrator

$4,548

SYSTEMS INTEGRATION SOLUTIONS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYSTEMS INTEGRATION SOLUTIONS, INC. 401(K) 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