Retirement plan

SITA EMPLOYEE 401(K) SAVINGS PLAN

Name: SOCIETE INTERNATIONALE DE TELECOMMUNICATIONS AERONAUTIQUES - SITA EMPLOYEE 401(K) SAVINGS PLAN (2022) Form 5500
Creator: SOCIETE INTERNATIONALE DE TELECOMMUNICATIONS AERONAUTIQUES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SITA EMPLOYEE 401(K) SAVINGS PLAN, SOCIETE INTERNATIONALE DE TELECOMMUNICATIONS AERONAUTIQUES

SOCIETE INTERNATIONALE DE TELECOMMUNICATIONS AERONAUTIQUESEIN 11-2133344Plan #002PY 2022

3100 CUMBERLAND BLVD., SUITE 900 - ATLANTA, GA 30339770-850-4500

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$250.1M

-5.4% from 2016

Total participants

1,034

-0.2% from 2016

Average account balance

$268,627

-5.0% from 2016

Annual return

-20.07%

-3.99 pp from 2016

Benchmarks

See 605 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort605 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$277.80M

Not enough data

1 years with asset history on file

Average account balance

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

$325K

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.

855

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.

81.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+15.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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 3 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC8+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$72,987
FRAZIER & DEETER, LLC5 years Filed as: FRAZIER & DEETER Service code 10 1230 PEACHTREE STREET · ATLANTA, GA 30309	Accounting	$22,000
T ROWE PRICE RPS INC8+ years Filed as: T ROWE PRICE RPS INC. Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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 to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$95K

$188 / participant

Other / not subdivided$95K100.0%

% of EOY assets

0.038%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRAZIER & DEETER LLC
Auditor EIN: 581433845
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$268,627

$64,612+315.8%

$86,460+210.7%

$64,829+314.4%

Participation rate

79.6%

81.5%-1.8pp

80.3%-0.7pp

71.5%+8.2pp

Annual return

-20.07%

0.66%-20.7pp

4399.82%-4419.9pp

32.85%-52.9pp

Employer contribution / active EE

$5,927

$2,744+116.0%

$3,771+57.2%

$2,507+136.4%

Participant deferral / active EE

$10,383

$7,497+38.5%

$6,954+49.3%

$4,312+140.8%

Admin fee / account holder

$102

$169-39.7%

$6,727-98.5%

$188-45.7%

Provider

Service type

Compensation

T ROWE PRICE RPS INC8+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$72,987

FRAZIER & DEETER, LLC5 years

Filed as: FRAZIER & DEETER

Service code 10

1230 PEACHTREE STREET · ATLANTA, GA 30309

Accounting

$22,000

T ROWE PRICE RPS INC8+ years

Filed as: T ROWE PRICE RPS INC.

Service code 15

Recordkeeping

SITA EMPLOYEE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SITA EMPLOYEE 401(K) SAVINGS 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