Retirement plan

SECURE COMMUNITY NETWORK 403(B) RETIREMENT PLAN

Name: SECURE COMMUNITY NETWORK, INC. - SECURE COMMUNITY NETWORK 403(B) RETIREMENT PLAN (2022) Form 5500
Creator: SECURE COMMUNITY NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECURE COMMUNITY NETWORK 403(B) RETIREMENT PLAN, SECURE COMMUNITY NETWORK, INC.

SECURE COMMUNITY NETWORK, INC.EIN 20-1437733Plan #001PY 2022

25 BROADWAY,, SUITE 1700 - NEW YORK, NY 10004212-284-6961securecommunitynetwork.orgLinkedIn11-50 employeessecurity and investigations

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

+75.2% from 2021

Total participants

+27.1% from 2021

Average account balance

$20,838

+4.4% from 2021

Annual return

-5.65%

-26.32 pp from 2021

Benchmarks

See 27,998 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.78M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

89.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+23.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$769

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 codes2F2G2L2M2T3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

$103K

$1910 / participant

Other / not subdivided$103K100.0%

% of EOY assets

9.520%

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

$20,838

$82,678-74.8%

$125,391-83.4%

$68,490-69.6%

Participation rate

83.3%

75.1%+8.3pp

82.4%+0.9pp

67.9%+15.4pp

Annual return

-5.65%

-5.97%+0.3pp

572.41%-578.1pp

-7.85%+2.2pp

Employer contribution / active EE

$2,279

$3,382-32.6%

$4,816-52.7%

$2,597-12.2%

Participant deferral / active EE

$8,891

$6,111+45.5%

$7,448+19.4%

$4,028+120.7%

Admin fee / account holder

$1,984

$6,277-68.4%

$10,009-80.2%

$5,403-63.3%

SECURE COMMUNITY NETWORK 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECURE COMMUNITY NETWORK 403(B) 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