Retirement plan

SHRED THIS INC 401(K) PLAN

Name: SHRED THIS INC D/B/A SECURSHRED - SHRED THIS INC 401(K) PLAN (2021) Form 5500
Creator: SHRED THIS INC D/B/A SECURSHRED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHRED THIS INC 401(K) PLAN, SHRED THIS INC D/B/A SECURSHRED

SHRED THIS INC D/B/A SECURSHREDEIN 03-0368058Plan #001PY 2021

472 MEADOWLAND DRIVE #1, PO BOX 2123 - SOUTH BURLINGTON, VT 05407802-863-3003

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

+18.7% from 2020

Total participants

-13.8% from 2020

Average account balance

$118,874

+18.7% from 2020

Annual return

13.60%

-2.43 pp from 2020

Benchmarks

See 15,329 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort15,329 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.07M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

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.

74.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$165K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27636

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

$39K

$1856 / participant

Other / not subdivided$39K100.0%

% of EOY assets

1.426%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$118,874

$114,093+4.2%

$96,171+23.6%

$167,536-29.0%

Participation rate

90.5%

75.1%+15.4pp

68.4%+22.0pp

82.1%+8.4pp

Annual return

13.60%

190.00%-176.4pp

192.04%-178.4pp

478.82%-465.2pp

Employer contribution / active EE

$2,218

$3,429-35.3%

$2,799-20.8%

$4,839-54.2%

Participant deferral / active EE

$4,582

$5,197-11.8%

$4,350+5.3%

$6,342-27.7%

Admin fee / account holder

$1,695

$6,899-75.4%

$5,538-69.4%

$12,315-86.2%

SHRED THIS INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHRED THIS 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