Retirement plan

CONESYS, INC. AND AFFILIATED COMPANIES 401 (K) PLAN

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

CONESYS, INC.EIN 95-4724210Plan #001PY 2020

2280 W. 208TH ST. - TORRANCE, CA 90501310-618-3737conesys.netLinkedIn1-10 employeeselectrical/electronic manufacturing

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$11.1M

+4.6% from 2019

Total participants

492

-1.8% from 2019

Average account balance

$36,142

+5.7% from 2019

Annual return

7.27%

-6.65 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.18M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

234

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.

52.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$593K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$179

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$28,958
R-TECH CONSULTANTS, INC.6+ years Service code 13 21331 CONSTANSO STREET · WOODLAND HILLS, CA 91364	Contract Administrator	$17,800
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANTLEY INSURANCE SERVICES Service code 55	Other Commissions	$15,941
ARROYO INSURANCE SERVICES INC2 years Service code 16 PO BOX 55248 · SHERMAN OAKS, CA 91413	Consulting	$7,006
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$6,502
LEAFHOUSE FINANCIAL ADVISORS, LLC3 years Filed as: LEAFHOUSE FINANCIAL ADVISOR, LLC Service code 27 6504 BRIDGEPOINT PKWY SUITE 450 · AUSTIN, TX 78730	Advisory (Plan)	$5,005
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY INSURANCE SERVICES Service code 55 1 NEW YORK PLAZA 12TH FL · NEW YORK, NY 10004	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$46K

$104 / participant

Contract admin$46K100.0%

% of EOY assets

0.412%

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: WITHUM SMITH BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,142

$79,519-54.5%

$95,960-62.3%

$73,412-50.8%

Participation rate

58.3%

81.2%-22.9pp

77.1%-18.8pp

72.2%-13.9pp

Annual return

7.27%

19.20%-11.9pp

91.63%-84.4pp

59.30%-52.0pp

Employer contribution / active EE

$2,048-100.0%

$2,541-100.0%

$2,234-100.0%

Participant deferral / active EE

$1,551

$4,138-62.5%

$4,167-62.8%

$3,806-59.2%

Admin fee / account holder

$149

$184-19.1%

$6,797-97.8%

$158-5.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$28,958

R-TECH CONSULTANTS, INC.6+ years

Service code 13

21331 CONSTANSO STREET · WOODLAND HILLS, CA 91364

Contract Administrator

$17,800

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANTLEY INSURANCE SERVICES

Service code 55

Other Commissions

$15,941

ARROYO INSURANCE SERVICES INC2 years

Service code 16

PO BOX 55248 · SHERMAN OAKS, CA 91413

Consulting

$7,006

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$6,502

LEAFHOUSE FINANCIAL ADVISORS, LLC3 years

Filed as: LEAFHOUSE FINANCIAL ADVISOR, LLC

Service code 27

6504 BRIDGEPOINT PKWY SUITE 450 · AUSTIN, TX 78730

Advisory (Plan)

$5,005

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY INSURANCE SERVICES

Service code 55

1 NEW YORK PLAZA 12TH FL · NEW YORK, NY 10004

Other Commissions

CONESYS, INC. AND AFFILIATED COMPANIES 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONESYS, INC. AND AFFILIATED COMPANIES 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