Retirement plan

SOFTWARE GUIDANCE AND ASSISTANCE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: SOFTWARE GUIDANCE AND ASSISTANCE, INC. - SOFTWARE GUIDANCE AND ASSISTANCE, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2017) Form 5500
Creator: SOFTWARE GUIDANCE AND ASSISTANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOFTWARE GUIDANCE AND ASSISTANCE, INC. 401(K) PROFIT SHARING PLAN AND TRUST, SOFTWARE GUIDANCE AND ASSISTANCE, INC.

SOFTWARE GUIDANCE AND ASSISTANCE, INC.EIN 13-3100591Plan #001PY 2017

200 WHITE PLAINS ROAD - TARRYTOWN, NY 10591914-366-5900sgainc.comLinkedIn201-500 employeesstaffing and recruiting

Prospect flagsLow participationRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$8.8M

+17.6% from 2016

Total participants

268

+1.5% from 2016

Average account balance

$76,236

-2.8% from 2016

Annual return

16.85%

+7.38 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.70M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

370

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.

65.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$327

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
THE BENEFIT PRACTICE1 year Service code 50 · EIN 13-4144565	Direct Payment	$1,575
JOHN HANCOCK LIFE INSURANCE COMPANY3+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 13-3646501	Recordkeeping	$680
SOUTHEASTERN EMPLOYEE BENEFIT SERVI1 year Filed as: SOUTHEASTERN EMPLOYEE BENEFITS Service code 50 1175 JOHN STREET · WEST HENRIETTA, NY 14586	Direct Payment	$475

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$3K

$13 / participant

Contract admin$3K100.0%

% of EOY assets

0.031%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CITRIN COOPERMAN & CO LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,236

$80,753-5.6%

$136,298-44.1%

$62,293+22.4%

Participation rate

28.8%

73.5%-44.7pp

81.9%-53.1pp

69.5%-40.7pp

Annual return

16.85%

35.83%-19.0pp

5156.27%-5139.4pp

28.90%-12.0pp

Employer contribution / active EE

$2,884-100.0%

$4,696-100.0%

$2,042-100.0%

Participant deferral / active EE

$4,316

$5,164-16.4%

$6,247-30.9%

$3,169+36.2%

Admin fee / account holder

$24

$525-95.5%

$9,244-99.7%

$479-95.0%

Provider

Service type

Compensation

THE BENEFIT PRACTICE1 year

Service code 50 · EIN 13-4144565

Direct Payment

$1,575

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 13-3646501

Recordkeeping

$680

SOUTHEASTERN EMPLOYEE BENEFIT SERVI1 year

Filed as: SOUTHEASTERN EMPLOYEE BENEFITS

Service code 50

1175 JOHN STREET · WEST HENRIETTA, NY 14586

Direct Payment

$475

SOFTWARE GUIDANCE AND ASSISTANCE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOFTWARE GUIDANCE AND ASSISTANCE, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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