Back to top
FORM 5500 DATA

Odyssey Systems Consulting Group, LTD 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2001
  • Net Assets as of 12/31/2017 $48,947,847
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants1,016
  • Retired or separated participants receiving benefits12
  • Other retired or separated participants entitled to future benefits171
  • Subtotal1,199
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,199
  • Total number of participants as of 01/01/20171,027
  • Number of participants with account balances928
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address201 Edgewater Drive Suite 270
  • CityWakefield
  • StateMA
  • Zip01880
  • Telephone(781) 245-0111
  • EIN04-3373471
  • Industry Code541330
  • Named AdministratorKevin Connolly

Audit Information

  • Audit StatusAudited
  • AuditorMayer Hoffman Mccann P.C.
  • Auditor EIN43-1947695
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all 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 A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees 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 if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? Yes $837
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $20,115,497
Contributions $13,863,523
Cash Contributions $13,863,523
Cash from Employers $1,706,250
Cash from Participants $7,749,606
Others (including rollovers) $4,407,667
Noncash Contributions $0
Total Earnings on Investments $6,251,974
Total Interest $23,196
Interest-Bearing Cash $501
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $22,695
Interest from Other Investments $0
Total Dividends $2,171,441
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $13,549
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $4,043,788
Other Income $0
Expenses $3,608,031
Total Benefit Payments $3,434,467
Directly to participants or beneficiaries, including direct rollovers $3,434,467
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $153,085
Certain deemed distributions of participant loans $14,474
Interest expense $0
Total Administrative Expenses $6,005
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $6,005
Net Income $16,507,466
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $48,947,847 $32,440,381 50.89%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $236,463 $212,366 11.35%
Interest-bearing cash $236,463 $212,366 11.35%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $712,183 $491,009 45.04%
Value of interest in common/collective trusts $2,218,457 $1,610,623 37.74%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $45,780,744 $30,126,383 51.96%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $48,947,847 $32,440,381 50.89%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Voya Financial Advisors Inc Other commissions Advisor $0 $42,390 $42,390
Voya Financial Advisors Inc Other commissions Advisor $0 $11,633 $11,633
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees Recordkeeper $6,005 $0 $6,005
National Financial Services LLC Finders' fees/placement fees Paying Agent $0 $5,066 $5,066
Total $6,005 $59,089 $65,094

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Abf Intl Equity A - Boston Financi Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Alzgi High Yd Bd Adm - Dst Asset M Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Invs Divrs Dividnd A - Invesco Inv Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Invs Sm Cap Val A - Invesco Invest Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Ivy Sci & Tech A - Wi Services Com Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional J H Enterprise S - Janus Services Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Ld Abbett Dev Grth A - Dst Systems Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Loomis Growth A - Dst Asset Manage Sub-transfer agency fees 0.30% $0
Fidelity Investments Institutional Lzrd Emrg Mkts Eq O - Dst Asset Ma Sub-transfer agency fees 0.20% $0
Fidelity Investments Institutional Nuveen Sm Cp Val A - Boston Financ Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Pif Small Cap R3 - Principal Share Sub-transfer agency fees 0.30% $0
Fidelity Investments Institutional Pnc Mf Sm Cap Core A - The Bank of Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Pru High Yield A - Prudential Mutu Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Putn Global Tech A - Putnam Invest Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Trp Cap Appreciation - T. Rowe Pri Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retire Bal - T. Rowe Price Ser Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2005 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2010 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2015 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2020 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2025 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2030 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2035 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2040 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2045 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2050 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2055 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Retirement 2060 - T. Rowe Pric Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Victory S Estb Val A - Fis Investo Sub-transfer agency fees 0.25% $0
National Financial Services LLC Putn Global Tech A - Putnam Retail Finders' fees/placement fees $5,066
Voya Financial Advisors Inc National Financial Services LLC Other commissions $11,633
Voya Financial Advisors Inc National Financial Services LLC Other commissions $42,390
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Fa Stable Value Fidelity Management Trust Company DFE: Common/Collective Trust $2,218,457
Total $2,218,457

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.