Retirement plan

SERVICE BENEFIT PLAN ADMINISTRATIVE SERVICES CORP. RETIREMENT PLAN

Name: SERVICE BENEFIT PLAN ADMINISTRATIVE SERVICES CORPORATION - SERVICE BENEFIT PLAN ADMINISTRATIVE SERVICES CORP. RETIREMENT PLAN (2023) Form 5500
Creator: SERVICE BENEFIT PLAN ADMINISTRATIVE SERVICES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SERVICE BENEFIT PLAN ADMINISTRATIVE SERVICES CORP. RETIREMENT PLAN, SERVICE BENEFIT PLAN ADMINISTRATIVE SERVICES CORPORATION

SERVICE BENEFIT PLAN ADMINISTRATIVE SERVICES CORPORATIONEIN 20-1907367Plan #004PY 2023

10453 MILL RUN CIRCLE - OWINGS MILLS, MD 211175559410-998-7400LinkedIn201-500 employees

Prospect flagsHigh retiree %High cash

How to read this page

Total assets (EOY)

$54.9M

+12.2% from 2022

Total participants

277

-3.8% from 2022

Average account balance

No prior year

Annual return

9.03%

+22.95 pp from 2022

Benchmarks

See 164 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants100-249

Cohort164 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$53.28M

Not enough data

1 years with asset history on file

Average account balance

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

$200K

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.

140

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
AON CONSULTING9+ years Filed as: AON CONSULTING, INC. Service code 11 · EIN 22-2232264	Actuarial	$141,673
DODGE & COX9+ years Filed as: DODGE AND COX Service code 28 · EIN 94-1441976	Investment Management	$46,850
MERCER9+ years Service code 15 · EIN 13-2834414	Recordkeeping	$44,792
STATE STREET GLOBAL ADVISORS9+ years Filed as: STATE STREET BANK & TRUST CO Service code 21 1 LINCOLN ST · BOSTON, MA 021112901	Bank Trustee	$18,462
HOOD RIVER CAPITAL MANAGEMENT5 years Service code 28 · EIN 46-1294859	Investment Management	$17,790
CALLAN ASSOCIATES9+ years Filed as: CALLAN ASSOCIATE, INC. Service code 28 · EIN 94-2192581	Investment Management	$14,924
STATE STREET GLOBAL ADVISORS9+ years Service code 18 · EIN 81-4017137	Direct payment from the plan; Investm...	$11,003
JACKSON LEWIS P.C.8 years Filed as: JACKSON LEWIS Service code 29 666 THIRD AVENUE · NEW YORK, NY 10017	Legal	$9,699

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1A1C1I3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$305K

$2259 / participant

Trustee / custodial$29K9.5%
Investment mgmt$80K26.2%
Legal$9K3.0%
Actuarial$142K46.6%
Contract admin$45K14.8%

% of EOY assets

0.555%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SB & COMPANY, LLC
Auditor EIN: 202153727
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,556,684-100.0%

$422,209-100.0%

$9,556,684-100.0%

Participation rate

0.0%

0.0%0pp

23.3%-23.3pp

2.4%-2.4pp

Annual return

9.03%

9.98%-0.9pp

12.68%-3.6pp

22.81%-13.8pp

Employer contribution / active EE

$44,867

$15,842+183.2%

$41,609+7.8%

$18,290+145.3%

Participant deferral / active EE

$285-100.0%

$96-100.0%

$603-100.0%

Admin fee / account holder

$85,222-100.0%

$10,609-100.0%

$85,222-100.0%

Provider

Service type

Compensation

AON CONSULTING9+ years

Filed as: AON CONSULTING, INC.

Service code 11 · EIN 22-2232264

Actuarial

$141,673

DODGE & COX9+ years

Filed as: DODGE AND COX

Service code 28 · EIN 94-1441976

Investment Management

$46,850

MERCER9+ years

Service code 15 · EIN 13-2834414

Recordkeeping

$44,792

STATE STREET GLOBAL ADVISORS9+ years

Filed as: STATE STREET BANK & TRUST CO

Service code 21

1 LINCOLN ST · BOSTON, MA 021112901

Bank Trustee

$18,462

HOOD RIVER CAPITAL MANAGEMENT5 years

Service code 28 · EIN 46-1294859

Investment Management

$17,790

CALLAN ASSOCIATES9+ years

Filed as: CALLAN ASSOCIATE, INC.

Service code 28 · EIN 94-2192581

Investment Management

$14,924

STATE STREET GLOBAL ADVISORS9+ years

Service code 18 · EIN 81-4017137

Direct payment from the plan; Investm...

$11,003

JACKSON LEWIS P.C.8 years

Filed as: JACKSON LEWIS

Service code 29

666 THIRD AVENUE · NEW YORK, NY 10017

Legal

$9,699

SERVICE BENEFIT PLAN ADMINISTRATIVE SERVICES CORP. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SERVICE BENEFIT PLAN ADMINISTRATIVE SERVICES CORP. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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