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Stryker Electrical Contracting, Inc.

Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Stryker Electrical Contracting, Inc.

51
Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Overview

Plan Rating

BrightScope Rating
51
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (16)
Average in Peer Group (60)
Highest in Peer Group (82)

Plan Description

Stryker Electrical Contracting, Inc., 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 51. Stryker Electrical Contracting, Inc., 401k Profit Sharing Plan currently has over 100 active participants and over $2.2M in plan assets.

Did you know?

For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (51) and the top rated plan (82) could equate to:
14
Additional years of work
184,252
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 4241 Sw High Meadow Ave
  • Location
    Palm City , FL
    • 34990
  • Industry
    Electrical Contractors and Other Wiring Installation Contractors
  • Administrator
    Scott Eccleston
  • Net Plan Assets
    $2,210,000
  • Total Participants
    120
  • Avg Account Balance
    $27,000

Plan Components

Component Ratings

Design

Total Plan Cost:
High Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Below Avg.
Account Balance:
Below Avg.

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

Participation Rate:
Average
Salary Deferrals:
Below Avg.
Account Balance:
Average

Peer Group Plans

Company Rating
JDP Electric 66.7
The Northern Group 65.1
Bates Electric 58.8
Simpson Electric Company 58.3
Meitec 52.1
Beco 46.1

Top Industry Articles

Compliance
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

December 28, 2020
exclusives
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others.
February 19, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Data & Research
Many Near-Retirees Don't Understand Social Security Benefits

More than one-third failed a basic Social Security quiz administered by MassMutual.

April 7, 2021
exclusives
Once They Catch On, PEPs Could Grow Exponentially
The current hesitancy over how they will take shape will be overcome by appreciation among advisers and sponsors alike at the prospect of expanding retirement coverage, sources say.
April 16, 2021

Investments

Investment Menu Stats

# of Investment Options

48

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Fidelity Advisor Strategic Dividend & Income 24%
19%
Nationwide Fixed Account 17%
N/A
Vanguard Group Target Retirement 13%
34%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan
for Asset Managers

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Nationwide Life Insurance Company
Recordkeeper
Nationwide
Recordkeeper
Employee Benefit Consultants of FL
Auditor
Mari Huff, C.P.A., P.A.

Articles and Questions

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Why Do Investment Expenses Matter?
Ryan Alfred

Popular Questions

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