Retirement plan

STEER DAVIES AND GLEAVE INC 401(K) PROFIT SHARING PLAN & TRUST

Name: STEER DAVIES AND GLEAVE INC - STEER DAVIES AND GLEAVE INC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: STEER DAVIES AND GLEAVE INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEER DAVIES AND GLEAVE INC 401(K) PROFIT SHARING PLAN & TRUST, STEER DAVIES AND GLEAVE INC

STEER DAVIES AND GLEAVE INCEIN 45-0585269Plan #001PY 2024

55 WASHINGTON ST STE 504 - BROOKLYN, NY 112011060617-391-2300

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.8M

+26.8% from 2023

Total participants

169

-3.4% from 2023

Average account balance

$64,651

+31.4% from 2023

Annual return

17.68%

-26.85 pp from 2023

Benchmarks

See 10,668 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,668 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.80M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

167

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

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+17.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PAYCHEX, INC.2 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$17,214
GALLAGHER FIDUCIARY ADVISORS, LLC2 years Service code 26 · EIN 93-0987232 PO BOX 71396 · CHICAGO, IL 60694	Advisory (Participants)	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$28K

$309 / participant

Trustee / custodial$9583.4%
Investment mgmt$10K35.6%
Contract admin$17K61.0%

% of EOY assets

0.260%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,651

$58,258+11.0%

$81,820-21.0%

$80,925-20.1%

Participation rate

97.8%

63.5%+34.3pp

72.4%+25.4pp

67.7%+30.1pp

Annual return

17.68%

41.76%-24.1pp

777.93%-760.3pp

35.65%-18.0pp

Employer contribution / active EE

$4,115

$2,345+75.4%

$2,915+41.2%

$2,756+49.3%

Participant deferral / active EE

$10,406

$3,284+216.9%

$4,323+140.7%

$4,299+142.1%

Admin fee / account holder

$168

$4,976-96.6%

$7,391-97.7%

$6,940-97.6%

Provider

Service type

Compensation

PAYCHEX, INC.2 years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$17,214

GALLAGHER FIDUCIARY ADVISORS, LLC2 years

Service code 26 · EIN 93-0987232

PO BOX 71396 · CHICAGO, IL 60694

Advisory (Participants)

$10,000

STEER DAVIES AND GLEAVE INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEER DAVIES AND GLEAVE INC 401(K) PROFIT SHARING PLAN & 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