Retirement plan

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

Name: SYSTRA U.S.A., INC. - SYSTRA U.S.A., INC. 401(K) PLAN (2023) 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 2023

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$39.4M

+8.0% from 2022

Total participants

259

-11.3% from 2022

Average account balance

$171,501

+22.5% from 2022

Annual return

18.64%

+34.04 pp from 2022

Benchmarks

See 6,228 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,228 peers

Snapshot2023

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.5 years Filed as: NEWPORT GROUP, INC Service code 13 · EIN 27-2037969	Contract Administrator	$40,378
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$14,601
PNC BANK, N.A.2 years Filed as: PNC ASSET MANAGEMENT Service code 27 · EIN 22-1146430	Advisory (Plan)	$5,951

Plan features & details

Pension benefit codes2E2F2G2J3D2T

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$61K

$372 / participant

Investment mgmt$6K9.8%
Contract admin$55K90.2%

% of EOY assets

0.154%

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

$171,501

$91,474+87.5%

$135,982+26.1%

$71,529+139.8%

Participation rate

82.3%

75.7%+6.6pp

81.9%+0.4pp

67.9%+14.4pp

Annual return

18.64%

29.89%-11.3pp

68.32%-49.7pp

28.97%-10.3pp

Employer contribution / active EE

$5,312

$3,705+43.4%

$4,859+9.3%

$2,590+105.1%

Participant deferral / active EE

$11,313

$7,095+59.5%

$7,760+45.8%

$4,291+163.6%

Admin fee / account holder

$265

$1,267-79.1%

$10,767-97.5%

$1,588-83.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.5 years

Filed as: NEWPORT GROUP, INC

Service code 13 · EIN 27-2037969

Contract Administrator

$40,378

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$14,601

PNC BANK, N.A.2 years

Filed as: PNC ASSET MANAGEMENT

Service code 27 · EIN 22-1146430

Advisory (Plan)

$5,951

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