Retirement plan

SYSTRA U.S.A., INC. 401(K) PLAN

Name: SYSTRA U.S.A., INC. - SYSTRA U.S.A., INC. 401(K) PLAN (2022) Form 5500
Creator: SYSTRA U.S.A., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYSTRA U.S.A., INC. 401(K) PLAN, SYSTRA U.S.A., INC.

SYSTRA U.S.A., INC.EIN 22-3343557Plan #002PY 2022

400 BROAD ACRES DRIVE, SUITE 105 - BLOOMFIELD, NJ 07003212-494-9106LinkedIn201-500 employeesmechanical or industrial engineering

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$36.5M

-21.4% from 2021

Total participants

292

+7.7% from 2021

Average account balance

$139,951

-26.3% from 2021

Annual return

-15.40%

-30.36 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.31M

Not enough data

1 years with asset history on file

Average account balance

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

$197K

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.

220

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.

76.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+16.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$291

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.4 years Filed as: NEWPORT GROUP, INC Service code 13 · EIN 27-2037969	Contract Administrator	$30,845
PNC BANK, N.A.1 year Filed as: PNC ASSET MANAGEMENT Service code 27 · EIN 22-1146430	Advisory (Plan)	$12,548

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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$43K

$270 / participant

Investment mgmt$13K28.9%
Contract admin$31K71.1%

% of EOY assets

0.119%

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: GELTRUDE & COMPANY LLC
Auditor EIN: 223363665
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,951

$84,499+65.6%

$125,391+11.6%

$66,949+109.0%

Participation rate

80.7%

76.4%+4.3pp

82.4%-1.6pp

69.8%+10.9pp

Annual return

-15.40%

-8.49%-6.9pp

572.41%-587.8pp

1.57%-17.0pp

Employer contribution / active EE

$4,949

$3,554+39.3%

$4,816+2.8%

$2,545+94.4%

Participant deferral / active EE

$10,170

$6,785+49.9%

$7,448+36.5%

$4,239+139.9%

Admin fee / account holder

$166

$685-75.7%

$10,009-98.3%

$594-72.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT GROUP, INC

Service code 13 · EIN 27-2037969

Contract Administrator

$30,845

PNC BANK, N.A.1 year

Filed as: PNC ASSET MANAGEMENT

Service code 27 · EIN 22-1146430

Advisory (Plan)

$12,548

SYSTRA U.S.A., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYSTRA U.S.A., INC. 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