Retirement plan

SYSTEMS TECHNOLOGIES, INC. 401K PLAN

Name: SYSTEMS TECHNOLOGIES, INC. - SYSTEMS TECHNOLOGIES, INC. 401K PLAN (2020) Form 5500
Creator: SYSTEMS TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYSTEMS TECHNOLOGIES, INC. 401K PLAN, SYSTEMS TECHNOLOGIES, INC.

SYSTEMS TECHNOLOGIES, INC.EIN 22-3024504Plan #001PY 2020

185 ROUTE 36 - WEST LONG BRANCH, NJ 07764732-571-6400

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20.2M

+14.1% from 2019

Total participants

143

-4.7% from 2019

Average account balance

$155,432

+18.4% from 2019

Annual return

20.49%

-2.00 pp from 2019

Benchmarks

See 26,422 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,422 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.92M

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

111

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.

87.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$934K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$454

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
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO ADVISORS Service code 99 · EIN 34-1542819	Other Fees	$27,869
WITHUMSMITH+BROWN, PC1 year Filed as: WITHUM SMITHBROWN Service code 99 · EIN 11-1000111	Other Fees	$15,450
VOYA RETIREMENT INSURANCE & ANNUITY6+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$1,400

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

$45K

$508 / participant

Other / not subdivided$45K100.0%

% of EOY assets

0.221%

all-in expense ratio

Categories reported

0 / 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: WITHUM SMITH & BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$155,432

$98,766+57.4%

$149,730+3.8%

$79,852+94.7%

Participation rate

85.2%

75.8%+9.4pp

82.5%+2.7pp

69.6%+15.6pp

Annual return

20.49%

27.43%-6.9pp

276.70%-256.2pp

31.72%-11.2pp

Employer contribution / active EE

$2,608

$3,217-18.9%

$4,645-43.9%

$2,471+5.5%

Participant deferral / active EE

$8,912

$5,681+56.9%

$6,843+30.2%

$3,740+138.3%

Admin fee / account holder

$344

$6,052-94.3%

$9,310-96.3%

$5,306-93.5%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.5 years

Filed as: WELLS FARGO ADVISORS

Service code 99 · EIN 34-1542819

Other Fees

$27,869

WITHUMSMITH+BROWN, PC1 year

Filed as: WITHUM SMITHBROWN

Service code 99 · EIN 11-1000111

Other Fees

$15,450

VOYA RETIREMENT INSURANCE & ANNUITY6+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$1,400

SYSTEMS TECHNOLOGIES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYSTEMS TECHNOLOGIES, INC. 401K 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