Retirement plan

SEVENSON ENVIRONMENTAL SERVICES, INC. 401(K) PROFIT SHARING PLAN

Name: SEVENSON ENVIRONMENTAL SERVICES, INC. - SEVENSON ENVIRONMENTAL SERVICES, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SEVENSON ENVIRONMENTAL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEVENSON ENVIRONMENTAL SERVICES, INC. 401(K) PROFIT SHARING PLAN, SEVENSON ENVIRONMENTAL SERVICES, INC.

SEVENSON ENVIRONMENTAL SERVICES, INC.EIN 16-0997941Plan #002PY 2024

2749 LOCKPORT ROAD - NIAGARA FALLS, NY 14305716-284-0431LinkedIn1-10 employeesenvironmental services

Other plans on this EIN

2 filings

#001Retirement-$63.2M assets #004Retirement-$6.7M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$121.6M

+15.5% from 2023

Total participants

527

-2.6% from 2023

Average account balance

$313,319

+11.3% from 2023

Annual return

13.83%

-5.20 pp from 2023

Benchmarks

See 832 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort832 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$121.57M

Not enough data

1 years with asset history on file

Average account balance

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

$313K

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.

388

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.

71.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$333

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
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Recordkeeping fees; Float revenue; Di...	$111,781
THE ZLC GROUP CPAS LLC1 year Filed as: THE ZLC GROUP Service code 10 · EIN 47-4753799	Accounting	$17,350
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$129K

$269 / participant

Recordkeeping$112K86.6%
Other / not subdivided$17K13.4%

% of EOY assets

0.106%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: THE ZLC GROUP, CPA'S, LLC
Auditor EIN: 474753799
Audit fees: $17,350
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$313,319

$45,109+594.6%

$85,240+267.6%

$77,762+302.9%

Participation rate

71.0%

48.7%+22.4pp

67.5%+3.5pp

70.6%+0.5pp

Annual return

13.83%

79.55%-65.7pp

66.75%-52.9pp

31.27%-17.4pp

Employer contribution / active EE

$10,483

$1,602+554.6%

$2,735+283.3%

$2,728+284.3%

Participant deferral / active EE

$6,697

$2,814+138.0%

$4,527+47.9%

$4,651+44.0%

Admin fee / account holder

$333

$915-63.6%

$6,165-94.6%

$433-23.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Recordkeeping fees; Float revenue; Di...

$111,781

THE ZLC GROUP CPAS LLC1 year

Filed as: THE ZLC GROUP

Service code 10 · EIN 47-4753799

Accounting

$17,350

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

SEVENSON ENVIRONMENTAL SERVICES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEVENSON ENVIRONMENTAL SERVICES, INC. 401(K) PROFIT SHARING 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