Retirement plan

SANDY PINE SYSTEMS, INC. 401(K) PLAN

Name: SANDY PINE SYSTEMS, INC. - SANDY PINE SYSTEMS, INC. 401(K) PLAN (2024) Form 5500
Creator: SANDY PINE SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SANDY PINE SYSTEMS, INC. 401(K) PLAN, SANDY PINE SYSTEMS, INC.

SANDY PINE SYSTEMS, INC.EIN 26-2886260Plan #001PY 2024

4774 33RD AVE - COLUMBUS, NE 68601402-487-2261

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$5.5M

+19.9% from 2023

Total participants

203

-6.0% from 2023

Average account balance

$45,345

+21.9% from 2023

Annual return

14.23%

-3.88 pp from 2023

Benchmarks

See 574 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort574 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.49M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

121

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.

53.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$835K

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

+14.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$490

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
WILSHIRE ASSOCIATES INCORPORATED7 years Filed as: WILSHIRE ASSOCIATES INC Service code 26 · EIN 95-2755361	Advisory (Participants)	$2,579
JOHN HANCOCK LIFE INSURANCE COMPANY7 years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$1,750

Plan features & details

Pension benefit codes2E2G2J2K3D2F3H2X

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$59K

$333 / participant

Recordkeeping$54K90.8%
Investment mgmt$3K4.3%
Other / not subdivided$3K4.9%

% of EOY assets

1.081%

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: HBE LLP
Auditor EIN: 470677245
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,345

$62,409-27.3%

$120,574-62.4%

$74,459-39.1%

Participation rate

53.9%

56.8%-2.8pp

71.9%-18.0pp

67.2%-13.3pp

Annual return

14.23%

18.62%-4.4pp

107.42%-93.2pp

1369.70%-1355.5pp

Employer contribution / active EE

$1,605

$1,847-13.1%

$3,471-53.7%

$2,626-38.9%

Participant deferral / active EE

$3,084

$2,888+6.8%

$4,996-38.3%

$4,350-29.1%

Admin fee / account holder

$490

$2,394-79.5%

$9,445-94.8%

$1,945-74.8%

Provider

Service type

Compensation

WILSHIRE ASSOCIATES INCORPORATED7 years

Filed as: WILSHIRE ASSOCIATES INC

Service code 26 · EIN 95-2755361

Advisory (Participants)

$2,579

JOHN HANCOCK LIFE INSURANCE COMPANY7 years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$1,750

SANDY PINE SYSTEMS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SANDY PINE SYSTEMS, 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