Retirement plan

DST SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: DST SYSTEMS, INC. - DST SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: DST SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DST SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, DST SYSTEMS, INC.

DST SYSTEMS, INC.EIN 43-1581814Plan #004PY 2016

333 WEST 11TH STREET, 1ST FLOOR - KANSAS CITY, MO 64105816-435-1000

Other plans on this EIN

1 filing

#003Retirement-$94.0M assets

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed March 6, 2006 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1022M

+31.9% from 2016

Total participants

8,692

+19.7% from 2016

Average account balance

$129,660

+8.9% from 2016

Annual return

-0.61%

-3.53 pp from 2016

Benchmarks

See 77 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort77 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.09B

Not enough data

1 years with asset history on file

Average account balance

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

$242K

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.

4,521

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.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
RUANE, CUNNIFF & GOLDFARB INC.2+ years Filed as: RUANE CUNIFF & GOLDFARB INC Service code 28 · EIN 13-2628641	Investment Management	$2,872,695
AMERICAN UNITED LIFE INSURANCE CO2+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$632,613
MAYER HOFFMAN MCCANN P.C.1 year Filed as: MAYER HOFFMAN MCCANN, P.C. Service code 10 · EIN 43-1947695	Accounting	$18,727
BMO HARRIS BANK NA1 year Filed as: BMO HARRIS BANK N.A. Service code 19	Securities Custodian	$0
BMO HARRIS BANK NA2+ years Filed as: BMO HARRIS BANK, N.A. Service code 19 · EIN 36-2085229	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2H2J2K2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

4 tripped

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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3.5M

$547 / participant

Investment mgmt$3M81.5%
Other / not subdivided$651K18.5%

% of EOY assets

0.345%

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: MAYER HOFFMAN MCCANN, P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,660

$86,372+50.1%

$123,894+4.7%

$65,292+98.6%

Participation rate

87.4%

76.9%+10.5pp

81.4%+6.0pp

72.4%+15.0pp

Annual return

-0.61%

11.27%-11.9pp

47.52%-48.1pp

11.84%-12.5pp

Employer contribution / active EE

$5,410

$2,838+90.6%

$4,617+17.2%

$2,302+135.0%

Participant deferral / active EE

$5,075

$5,625-9.8%

$5,984-15.2%

$3,579+41.8%

Admin fee / account holder

$447

$53+746.4%

$8,357-94.7%

$57+679.5%

Provider

Service type

Compensation

RUANE, CUNNIFF & GOLDFARB INC.2+ years

Filed as: RUANE CUNIFF & GOLDFARB INC

Service code 28 · EIN 13-2628641

Investment Management

$2,872,695

AMERICAN UNITED LIFE INSURANCE CO2+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$632,613

MAYER HOFFMAN MCCANN P.C.1 year

Filed as: MAYER HOFFMAN MCCANN, P.C.

Service code 10 · EIN 43-1947695

Accounting

$18,727

BMO HARRIS BANK NA1 year

Filed as: BMO HARRIS BANK N.A.

Service code 19

Securities Custodian

BMO HARRIS BANK NA2+ years

Filed as: BMO HARRIS BANK, N.A.

Service code 19 · EIN 36-2085229

Securities Custodian

DST SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DST SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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