Retirement plan

STRATEGIC DATA SYSTEMS 401K PROFIT SHARING PLAN AND TRUST

Name: STRATEGIC DATA SYSTEMS - STRATEGIC DATA SYSTEMS 401K PROFIT SHARING PLAN AND TRUST (2022) 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 2022

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

Prospect flagsLow returnsHigh feesLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$3.9M

-12.1% from 2021

Total participants

225

-13.1% from 2021

Average account balance

$50,007

-7.6% from 2021

Annual return

-20.14%

-37.66 pp from 2021

Benchmarks

See 5,988 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,988 peers

Snapshot2022

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE6 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$17,198
BENEFIT EQUITY, INC.1 year Filed as: BENEFIT EQUITY INC Service code 33 · EIN 33-0384246 525 N CABRILLO PARK DRIVE · SANTA ANA, CA 92701	Securities brokerage commissions and ...	$5,855
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC-RPCP Service code 15 · EIN 95-2834236 PO BOX 502533 · SANTA ANA, CA 927053917	Recordkeeping	$5,855
IRON-CO-FID-COMPREHENSIVE6 years Filed as: IRON-CO-FID--INDEX-COMPREHENSIVE Service code 33 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Securities brokerage; Securities brok...	$3,059
NATIONWIDE6 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 · EIN 31-4156830 10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215	Recordkeeping	$574

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24K

$133 / participant

Other / not subdivided$24K100.0%

% of EOY assets

0.614%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,007

$84,482-40.8%

$125,363-60.1%

$66,930-25.3%

Participation rate

18.3%

76.4%-58.1pp

82.4%-64.0pp

69.8%-51.5pp

Annual return

-20.14%

-8.49%-11.6pp

572.15%-592.3pp

1.57%-21.7pp

Employer contribution / active EE

$943

$3,553-73.5%

$4,815-80.4%

$2,545-63.0%

Participant deferral / active EE

$2,106

$6,782-68.9%

$7,447-71.7%

$4,238-50.3%

Admin fee / account holder

$307

$685-55.1%

$10,005-96.9%

$593-48.2%

Provider

Service type

Compensation

NATIONWIDE6 years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$17,198

BENEFIT EQUITY, INC.1 year

Filed as: BENEFIT EQUITY INC

Service code 33 · EIN 33-0384246

525 N CABRILLO PARK DRIVE · SANTA ANA, CA 92701

Securities brokerage commissions and ...

$5,855

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC-RPCP

Service code 15 · EIN 95-2834236

PO BOX 502533 · SANTA ANA, CA 927053917

Recordkeeping

$5,855

IRON-CO-FID-COMPREHENSIVE6 years

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

Service code 33 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Securities brokerage; Securities brok...

$3,059

NATIONWIDE6 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15 · EIN 31-4156830

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

Recordkeeping

$574

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