Retirement plan

STRATEGIC DATA SYSTEMS 401K PROFIT SHARING PLAN AND TRUST

Name: STRATEGIC DATA SYSTEMS - STRATEGIC DATA SYSTEMS 401K PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: STRATEGIC DATA SYSTEMS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRATEGIC DATA SYSTEMS 401K PROFIT SHARING PLAN AND TRUST, STRATEGIC DATA SYSTEMS

STRATEGIC DATA SYSTEMSEIN 33-0755918Plan #001PY 2020

1854 KELLER PARKWAY SUITE A - KELLER, TX 76248619-546-7200sdatasystems.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.7M

+46.9% from 2019

Total participants

440

+56.6% from 2019

Average account balance

$49,250

+27.5% from 2019

Annual return

37.05%

+12.40 pp from 2019

Benchmarks

See 874 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort874 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.93M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

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.

26.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$405K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+20.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5080

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
LPL FINANCIAL4 years Filed as: WADDELL & REED, INC Service code 33 6300 LAMAR AVE · SHAWNEE MISSION, KS 662019217	Securities brokerage commissions and ...	$14,839
NATIONWIDE4 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$11,880
BENEFIT EQUITY, INC.4 years Service code 15 · EIN 33-0384246 1971 E. 4TH STREET · SANTA ANA, CA 927053917	Recordkeeping	$4,331
IRON-CO-FID-COMPREHENSIVE4 years Filed as: IRON-CO-FID--INDEX-COMPREHENSIVE Service code 33 · EIN 26-2409128 630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062	Securities brokerage; Securities brok...	$2,373
NATIONWIDE4 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 · EIN 31-4156830 10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215	Recordkeeping	$1,455
W & R INSURANCE AGENCY4 years Filed as: W & R INSURANCE AGENCY INC Service code 33 6300 LAMAR AVE · SHAWNEE MISSION, KS 662019217	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$19K

$44 / participant

Other / not subdivided$19K100.0%

% of EOY assets

0.501%

all-in expense ratio

Categories reported

0 / 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: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,250

$52,722-6.6%

$90,440-45.5%

$73,412-32.9%

Participation rate

15.2%

67.7%-52.6pp

72.7%-57.5pp

72.2%-57.0pp

Annual return

37.05%

20.70%+16.4pp

1294.38%-1257.3pp

59.30%-22.2pp

Employer contribution / active EE

$427

$1,872-77.2%

$3,263-86.9%

$2,234-80.9%

Participant deferral / active EE

$835

$2,810-70.3%

$3,964-78.9%

$3,806-78.1%

Admin fee / account holder

$247

$117+111.1%

$5,615-95.6%

$158+56.2%

Provider

Service type

Compensation

LPL FINANCIAL4 years

Filed as: WADDELL & REED, INC

Service code 33

6300 LAMAR AVE · SHAWNEE MISSION, KS 662019217

Securities brokerage commissions and ...

$14,839

NATIONWIDE4 years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$11,880

BENEFIT EQUITY, INC.4 years

Service code 15 · EIN 33-0384246

1971 E. 4TH STREET · SANTA ANA, CA 927053917

Recordkeeping

$4,331

IRON-CO-FID-COMPREHENSIVE4 years

Filed as: IRON-CO-FID--INDEX-COMPREHENSIVE

Service code 33 · EIN 26-2409128

630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062

Securities brokerage; Securities brok...

$2,373

NATIONWIDE4 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15 · EIN 31-4156830

10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215

Recordkeeping

$1,455

W & R INSURANCE AGENCY4 years

Filed as: W & R INSURANCE AGENCY INC

Service code 33

6300 LAMAR AVE · SHAWNEE MISSION, KS 662019217

Securities brokerage; Securities brok...

STRATEGIC DATA SYSTEMS 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRATEGIC DATA SYSTEMS 401K PROFIT SHARING PLAN AND TRUST

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