Retirement plan

SERVICE MANAGEMENT GROUP 401(K) PLAN

Name: SERVICE MANAGEMENT GROUP, LLC - SERVICE MANAGEMENT GROUP 401(K) PLAN (2018) Form 5500
Creator: SERVICE MANAGEMENT GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SERVICE MANAGEMENT GROUP 401(K) PLAN, SERVICE MANAGEMENT GROUP, LLC

SERVICE MANAGEMENT GROUP, LLCEIN 43-1910102Plan #001PY 2018

1737 MCGEE STREET - KANSAS CITY, MO 64108816-448-4500

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed July 1, 2019 (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)

$23.4M

-7.2% from 2017

Total participants

411

+2.0% from 2017

Average account balance

$58,141

-9.5% from 2017

Annual return

-4.96%

-30.74 pp from 2017

Benchmarks

See 2,763 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,763 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.44M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

341

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.89M

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

+16.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$177

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 10 of 13 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 49 · EIN 04-1590850	Other Services	$92,841
ABG PORTFOLIO STRATEGIES, INC.4+ years Filed as: ABG INVESTMENT SERVICES Service code 27 · EIN 41-1812533	Advisory (Plan)	$55,813
AMERICAN CENTURY2 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
BAIRD FUNDS2 years Service code 52 · EIN 39-6037917	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 13-3806694	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS2 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
JANUS HENDERSON2 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
PAX WORLD2 years Service code 52 · EIN 84-0996383	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3B3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$93K

$291 / participant

Investment mgmt$87K93.3%
Contract admin$6K6.7%

% of EOY assets

0.396%

all-in expense ratio

Categories reported

2 / 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: MARKSNELSON LLC
Auditor EIN: 481238645
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,141

$75,388-22.9%

$123,553-52.9%

$55,725+4.3%

Participation rate

97.5%

75.7%+21.8pp

82.3%+15.2pp

70.9%+26.6pp

Annual return

-4.96%

4.48%-9.4pp

119.21%-124.2pp

244.93%-249.9pp

Employer contribution / active EE

$2,173

$3,063-29.0%

$4,628-53.0%

$2,078+4.6%

Participant deferral / active EE

$7,515

$5,651+33.0%

$6,426+16.9%

$3,356+124.0%

Admin fee / account holder

$230

$120+92.4%

$9,284-97.5%

$115+100.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 49 · EIN 04-1590850

Other Services

$92,841

ABG PORTFOLIO STRATEGIES, INC.4+ years

Filed as: ABG INVESTMENT SERVICES

Service code 27 · EIN 41-1812533

Advisory (Plan)

$55,813

AMERICAN CENTURY2 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

BAIRD FUNDS2 years

Service code 52 · EIN 39-6037917

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 13-3806694

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS2 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

JANUS HENDERSON2 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

PAX WORLD2 years

Service code 52 · EIN 84-0996383

Indirect Investment Fees

SERVICE MANAGEMENT GROUP 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SERVICE MANAGEMENT GROUP 401(K) 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