Retirement plan

SHAMIR INSIGHT, INC. 401(K) PLAN

Name: SHAMIR INSIGHT, INC. - SHAMIR INSIGHT, INC. 401(K) PLAN (2020) Form 5500
Creator: SHAMIR INSIGHT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHAMIR INSIGHT, INC. 401(K) PLAN, SHAMIR INSIGHT, INC.

SHAMIR INSIGHT, INC.EIN 95-4484968Plan #001PY 2020

9938 VIA PASAR - SAN DIEGO, CA 921264559858-444-3844

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.8M

+19.8% from 2019

Total participants

121

-4.0% from 2019

Average account balance

$76,008

+29.1% from 2019

Annual return

15.59%

-5.93 pp from 2019

Benchmarks

See 8,771 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,771 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.43M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

116

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$450

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

See the 8-year trajectory. $4.99 for your first month.

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
EQUITABLE ADVISORS LLC1 year Filed as: EQUITABLE Service code 15 · EIN 13-5570651	Recordkeeping	$42,949

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$43K

$580 / participant

Contract admin$43K100.0%

% of EOY assets

0.487%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: LINDSAY & BROWNELL, LLP
Auditor EIN: 330885895
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,008

$60,124+26.4%

$90,404-15.9%

$79,858-4.8%

Participation rate

93.2%

65.0%+28.3pp

72.7%+20.6pp

69.6%+23.6pp

Annual return

15.59%

71.94%-56.4pp

1293.02%-1277.4pp

31.71%-16.1pp

Employer contribution / active EE

$4,448

$2,068+115.1%

$3,262+36.3%

$2,471+80.0%

Participant deferral / active EE

$6,211

$2,938+111.4%

$3,963+56.7%

$3,740+66.1%

Admin fee / account holder

$370

$3,976-90.7%

$5,611-93.4%

$5,306-93.0%

Provider

Service type

Compensation

EQUITABLE ADVISORS LLC1 year

Filed as: EQUITABLE

Service code 15 · EIN 13-5570651

Recordkeeping

$42,949

SHAMIR INSIGHT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHAMIR INSIGHT, 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