Retirement plan

SEV1TECH, LLC 401(K) PLAN

Name: SEV1TECH, LLC - SEV1TECH, LLC 401(K) PLAN (2024) Form 5500
Creator: SEV1TECH, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEV1TECH, LLC 401(K) PLAN, SEV1TECH, LLC

SEV1TECH, LLCEIN 27-2015706Plan #001PY 2024

12700 BLACK FOREST LANE, SUITE 306 - WOODBRIDGE, VA 22192703-496-3776sev1tech.comLinkedIn501-1000 employeesinformation technology and services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$115.2M

+12.5% from 2023

Total participants

1,487

+0.9% from 2023

Average account balance

$79,663

+11.1% from 2023

Annual return

14.30%

-5.04 pp from 2023

Benchmarks

See 3,302 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,302 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$115.19M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

1,446

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.92M

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

+14.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$204

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 4 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$130,321
FIDELITY INVESTMENTS INSTITUTIONAL7 years Service code 37 · EIN 04-2647786	Loan Processing	$116,950
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$31,047
APRIO LLP2 years Service code 10 · EIN 57-1157523	Accounting	$16,275

Plan features & details

Pension benefit codes2J3D2T2E2F2G

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$295K

$306 / participant

Recordkeeping$117K39.7%
Investment mgmt$161K54.8%
Other / not subdivided$16K5.5%

% of EOY assets

0.256%

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: APRIO LLP
Auditor EIN: 571157523
Audit fees: $16,275
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,663

$106,247-25.0%

$147,096-45.8%

$77,714+2.5%

Participation rate

95.7%

78.4%+17.4pp

82.2%+13.6pp

70.6%+25.2pp

Annual return

14.30%

56.87%-42.6pp

419.75%-405.4pp

31.26%-17.0pp

Employer contribution / active EE

$4,044

$4,069-0.6%

$4,936-18.1%

$2,727+48.3%

Participant deferral / active EE

$10,425

$7,996+30.4%

$8,071+29.2%

$4,649+124.2%

Admin fee / account holder

$204

$338-39.8%

$13,005-98.4%

$433-53.0%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$130,321

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Service code 37 · EIN 04-2647786

Loan Processing

$116,950

STRATEGIC ADVISORS, INC.4 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$31,047

APRIO LLP2 years

Service code 10 · EIN 57-1157523

Accounting

$16,275

SEV1TECH, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEV1TECH, LLC 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