Retirement plan

SL MANAGEMENT GROUP, L.L.C. EMPLOYEES' 401(K) PLAN

Name: SL MANAGEMENT GROUP, L.L.C. - SL MANAGEMENT GROUP, L.L.C. EMPLOYEES' 401(K) PLAN (2024) Form 5500
Creator: SL MANAGEMENT GROUP, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SL MANAGEMENT GROUP, L.L.C. EMPLOYEES' 401(K) PLAN, SL MANAGEMENT GROUP, L.L.C.

SL MANAGEMENT GROUP, L.L.C.EIN 20-4950996Plan #002PY 2024

195 MORRISTOWN ROAD - BASKING RIDGE, NJ 07920973-765-0100

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.9M

+21.3% from 2023

Total participants

167

+5.0% from 2023

Average account balance

$93,195

+23.0% from 2023

Annual return

12.18%

-6.93 pp from 2023

Benchmarks

See 1,090 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,090 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.90M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

36.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$779K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3711

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

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FLOOR D1050-111 · CHARLOTTE, NC 28081	Advisory (Plan)	$27,163
NATIONAL PROFESSIONAL PLANNING GROU1 year Filed as: NATIONAL PROFESSIONAL PLANNING GRP Service code 13 494 SYCAMORE AVENUE SUITE 100 · SHREWSBURY, NJ 07702	Contract Administrator	$4,060
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$867

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$275K

$1868 / participant

Other / not subdivided$275K100.0%

% of EOY assets

3.982%

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

$93,195

$73,532+26.7%

$178,505-47.8%

$74,478+25.1%

Participation rate

36.7%

66.6%-29.9pp

77.1%-40.4pp

67.2%-30.5pp

Annual return

12.18%

17.49%-5.3pp

27.16%-15.0pp

1370.56%-1358.4pp

Employer contribution / active EE

$1,635

$2,221-26.4%

$3,955-58.7%

$2,626-37.7%

Participant deferral / active EE

$3,661

$4,519-19.0%

$6,280-41.7%

$4,350-15.8%

Admin fee / account holder

$3,711

$1,813+104.8%

$10,428-64.4%

$1,946+90.7%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS LLC

Service code 27

401 S TRYON ST 11TH FLOOR D1050-111 · CHARLOTTE, NC 28081

Advisory (Plan)

$27,163

NATIONAL PROFESSIONAL PLANNING GROU1 year

Filed as: NATIONAL PROFESSIONAL PLANNING GRP

Service code 13

494 SYCAMORE AVENUE SUITE 100 · SHREWSBURY, NJ 07702

Contract Administrator

$4,060

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$867

SL MANAGEMENT GROUP, L.L.C. EMPLOYEES' 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SL MANAGEMENT GROUP, L.L.C. EMPLOYEES' 401(K) 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