Retirement plan

SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN

Name: SERVICE ACCESS & MANAGEMENT, INC. - SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN (2020) Form 5500
Creator: SERVICE ACCESS & MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN, SERVICE ACCESS & MANAGEMENT, INC.

SERVICE ACCESS & MANAGEMENT, INC.EIN 23-2897133Plan #001PY 2020

19 N 6TH STREET SUITE 300 - READING, PA 19601610-236-0530sam-inc.orgLinkedIn501-1000 employeesnon-profit organization management

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$26M

+14.1% from 2019

Total participants

966

+6.4% from 2019

Average account balance

$30,755

+6.3% from 2019

Annual return

3.41%

-2.01 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.07M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

892

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.

86.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.90M

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

+12.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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
COMMONWEALTH FINANCIAL NETWORK3 years Service code 26 ATTN ADVISORY FEES/COMPENSATION · WALTHAM, MA 024533483	Advisory (Participants)	$59,345
NATIONWIDE5+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$58,578
WIPFLI LLP5+ years Service code 15 ATTN MARCI BOYARSKI · EAU CLAIRE, WI 547020690	Recordkeeping	$41,798

Plan features & details

Pension benefit codes2E2G2J2K3D2F2T2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$90K

$114 / participant

Contract admin$90K100.0%

% of EOY assets

0.348%

all-in expense ratio

Categories reported

1 / 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: RKL LLP
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,755

$100,801-69.5%

$149,730-79.5%

$73,412-58.1%

Participation rate

84.7%

77.7%+7.0pp

82.5%+2.2pp

72.2%+12.5pp

Annual return

3.41%

265.34%-261.9pp

276.70%-273.3pp

59.30%-55.9pp

Employer contribution / active EE

$1,301

$3,312-60.7%

$4,645-72.0%

$2,234-41.7%

Participant deferral / active EE

$2,933

$6,404-54.2%

$6,843-57.1%

$3,806-22.9%

Admin fee / account holder

$107

$181-40.8%

$9,310-98.9%

$158-32.2%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK3 years

Service code 26

ATTN ADVISORY FEES/COMPENSATION · WALTHAM, MA 024533483

Advisory (Participants)

$59,345

NATIONWIDE5+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$58,578

WIPFLI LLP5+ years

Service code 15

ATTN MARCI BOYARSKI · EAU CLAIRE, WI 547020690

Recordkeeping

$41,798

SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SERVICE ACCESS & MANAGEMENT, INC. 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