Retirement plan

SERVICE MANAGEMENT GROUP 401(K) PLAN

Name: SERVICE MANAGEMENT GROUP, LLC - SERVICE MANAGEMENT GROUP 401(K) PLAN (2021) 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 2021

770 MARKET ST, PMB/APT/STE 6000 - FARMINGTON, MO 63640816-448-4500

Prospect flagsHigh fees

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)

$38M

+6.7% from 2020

Total participants

446

+2.5% from 2020

Average account balance

$85,984

+2.8% from 2020

Annual return

14.89%

-4.12 pp from 2020

Benchmarks

See 2,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,991 peers

Snapshot2021

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 14 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$158,672
INTELLICENTS INVESTMENT SOLUTIONS I1 year Service code 27 · EIN 41-1812533	Advisory (Plan)	$53,521
AMERICAN CENTURY5 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS5 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
BAIRD FUNDS5 years Service code 52 · EIN 39-6037917	Indirect Investment Fees	$0
COHEN & STEERS2 years Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
JANUS HENDERSON5 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT2 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
PAX WORLD5 years Service code 52 · EIN 84-0996383	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3B2S2T

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$159K

$531 / participant

Investment mgmt$148K93.1%
Contract admin$11K6.9%

% of EOY assets

0.418%

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: MARKSNELSON
Auditor EIN: 481238645
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,984

$104,336-17.6%

$159,474-46.1%

$86,821-1.0%

Participation rate

98.7%

77.7%+20.9pp

82.8%+15.8pp

72.3%+26.4pp

Annual return

14.89%

26.32%-11.4pp

263.68%-248.8pp

97.94%-83.1pp

Employer contribution / active EE

$1,574

$3,451-54.4%

$4,831-67.4%

$2,406-34.6%

Participant deferral / active EE

$8,970

$6,837+31.2%

$7,353+22.0%

$4,132+117.1%

Admin fee / account holder

$359

$172+108.5%

$10,802-96.7%

$170+111.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$158,672

INTELLICENTS INVESTMENT SOLUTIONS I1 year

Service code 27 · EIN 41-1812533

Advisory (Plan)

$53,521

AMERICAN CENTURY5 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS5 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

BAIRD FUNDS5 years

Service code 52 · EIN 39-6037917

Indirect Investment Fees

COHEN & STEERS2 years

Service code 52 · EIN 14-1904657

Indirect Investment Fees

JANUS HENDERSON5 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT2 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

PAX WORLD5 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