Retirement plan

SANBORN, HEAD & ASSOCIATES, INC. 401(K) RETIREMENT PLAN

Name: SANBORN, HEAD & ASSOCIATES, INC. - SANBORN, HEAD & ASSOCIATES, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: SANBORN, HEAD & ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SANBORN, HEAD & ASSOCIATES, INC. 401(K) RETIREMENT PLAN, SANBORN, HEAD & ASSOCIATES, INC.

SANBORN, HEAD & ASSOCIATES, INC.EIN 02-0463099Plan #001PY 2024

6 BEDFORD FARMS DR, SUITE 201 - BEDFORD, NH 031106532603-415-6120sanbornhead.comLinkedIn51-200 employeesenvironmental services

Other plans on this EIN

1 filing

#002Retirement-$3.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$38.8M

+9.0% from 2023

Total participants

216

-4.8% from 2023

Average account balance

$182,995

+14.6% from 2023

Annual return

14.30%

-4.57 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.79M

Not enough data

1 years with asset history on file

Average account balance

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

$183K

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.

212

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$407

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 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.9 years Service code 15 · EIN 23-1945930	Recordkeeping	$37,977
GUIDANCE POINT RETIREMENT SERVICES1 year Filed as: GUIDANCE POINT RETIREMENT Service code 27 · EIN 45-4118952	Advisory (Plan)	$28,920
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$12,026
THIRD PARTY ADMINISTRATORS, INC.1 year Filed as: THIRD PARTY ADMINISTRATORS INC. Service code 16 · EIN 15-0395735	Consulting	$7,625

Plan features & details

Pension benefit codes2E2F2G2J2R2T3C3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.
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

$86K

$513 / participant

Investment mgmt$37K42.4%
Contract admin$50K57.6%

% of EOY assets

0.222%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDMP ASSURANCE, LLP
Auditor EIN: 994708358
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$182,995

$101,672+80.0%

$147,117+24.4%

$74,478+145.7%

Participation rate

97.6%

75.5%+22.1pp

82.2%+15.4pp

67.2%+30.4pp

Annual return

14.30%

8757.83%-8743.5pp

420.54%-406.2pp

1370.56%-1356.3pp

Employer contribution / active EE

$3,955

$3,813+3.7%

$4,932-19.8%

$2,626+50.6%

Participant deferral / active EE

$10,183

$7,305+39.4%

$8,065+26.3%

$4,350+134.1%

Admin fee / account holder

$407

$1,753-76.8%

$12,993-96.9%

$1,946-79.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.9 years

Service code 15 · EIN 23-1945930

Recordkeeping

$37,977

GUIDANCE POINT RETIREMENT SERVICES1 year

Filed as: GUIDANCE POINT RETIREMENT

Service code 27 · EIN 45-4118952

Advisory (Plan)

$28,920

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$12,026

THIRD PARTY ADMINISTRATORS, INC.1 year

Filed as: THIRD PARTY ADMINISTRATORS INC.

Service code 16 · EIN 15-0395735

Consulting

$7,625

SANBORN, HEAD & ASSOCIATES, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SANBORN, HEAD & ASSOCIATES, INC. 401(K) RETIREMENT 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