Retirement plan

SYSTEMS TECHNOLOGIES, INC. 401K PLAN

Name: SYSTEMS TECHNOLOGIES, INC. - SYSTEMS TECHNOLOGIES, INC. 401K PLAN (2023) 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 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$19.9M

+17.7% from 2022

Total participants

122

-10.3% from 2022

Average account balance

$173,222

+27.0% from 2022

Annual return

17.71%

+35.36 pp from 2022

Benchmarks

See 28,714 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,714 peers

Snapshot2023

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
SAIPH CAPITAL LLC3 years Filed as: SAIPH CAPITAL, LLC Service code 99 · EIN 86-2052065	Other Fees	$27,675
WITHUMSMITH+BROWN, PC1 year Filed as: WITHUM SMITH BROWN Service code 99 · EIN 22-2027092	Other Fees	$16,640
VOYA RETIREMENT INSURANCE & ANNUITY9+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$950

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

$696 / participant

Investment mgmt$45K98.3%
Contract admin$7001.5%
Other / not subdivided$500.1%

% of EOY assets

0.227%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUM SMITH & BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$173,222

$93,589+85.1%

$135,942+27.4%

$75,181+130.4%

Participation rate

89.2%

75.2%+14.0pp

81.9%+7.3pp

67.2%+22.0pp

Annual return

17.71%

30.90%-13.2pp

68.28%-50.6pp

160.69%-143.0pp

Employer contribution / active EE

$3,023

$3,537-14.5%

$4,858-37.8%

$2,671+13.2%

Participant deferral / active EE

$11,430

$6,405+78.4%

$7,759+47.3%

$4,126+177.0%

Admin fee / account holder

$394

$6,977-94.4%

$10,764-96.3%

$5,650-93.0%

Provider

Service type

Compensation

SAIPH CAPITAL LLC3 years

Filed as: SAIPH CAPITAL, LLC

Service code 99 · EIN 86-2052065

Other Fees

$27,675

WITHUMSMITH+BROWN, PC1 year

Filed as: WITHUM SMITH BROWN

Service code 99 · EIN 22-2027092

Other Fees

$16,640

VOYA RETIREMENT INSURANCE & ANNUITY9+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$950

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