Retirement plan

401K EMPLOYEE RETIREMENT PLAN

Name: SYSTEMS AUTOMOTIVE INTERIORS, LLC - 401K EMPLOYEE RETIREMENT PLAN (2024) Form 5500
Creator: SYSTEMS AUTOMOTIVE INTERIORS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401K EMPLOYEE RETIREMENT PLAN, SYSTEMS AUTOMOTIVE INTERIORS, LLC

SYSTEMS AUTOMOTIVE INTERIORS, LLCEIN 45-2901746Plan #001PY 2024

1 TB WAY, BUILDING 3 - MANTACHIE, MS 38855662-862-1357

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$2.3M

+25.0% from 2023

Total participants

225

-2.2% from 2023

Average account balance

$11,839

+20.5% from 2023

Annual return

10.94%

-1.97 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.32M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

196

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.

76.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$359K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$238

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 3 by compensation

Provider	Service type	Compensation
HERITAGE PENSION ADVISORS, LLC8 years Service code 15 · EIN 27-1835823	Recordkeeping	$22,052
BANKPLUS WEALTH MANAGEMENT8 years Filed as: BANKPLUS WEALTH MANAGEMENT GROUP Service code 26 · EIN 64-0655312	Advisory (Participants)	$15,159
WILLIAMS WEISS HESTER & CO4 years Filed as: WILLIAMS, WEISS, HESTER & CO., PLLC Service code 10 · EIN 64-0317418	Accounting	$9,500

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$47K

$374 / participant

Recordkeeping$22K47.2%
Investment mgmt$15K32.5%
Other / not subdivided$10K20.3%

% of EOY assets

2.013%

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: WILLIAMS, WEISS, HESTER & CO., PLLC
Auditor EIN: 640317418
Audit fees: $9,500
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,839

$79,223-85.1%

$102,460-88.4%

$74,478-84.1%

Participation rate

76.8%

74.8%+2.0pp

76.5%+0.3pp

67.2%+9.6pp

Annual return

10.94%

54.98%-44.0pp

29.47%-18.5pp

1370.56%-1359.6pp

Employer contribution / active EE

$1,208

$2,363-48.9%

$3,025-60.1%

$2,626-54.0%

Participant deferral / active EE

$1,665

$4,417-62.3%

$5,056-67.1%

$4,350-61.7%

Admin fee / account holder

$238

$2,003-88.1%

$9,460-97.5%

$1,946-87.8%

Provider

Service type

Compensation

HERITAGE PENSION ADVISORS, LLC8 years

Service code 15 · EIN 27-1835823

Recordkeeping

$22,052

BANKPLUS WEALTH MANAGEMENT8 years

Filed as: BANKPLUS WEALTH MANAGEMENT GROUP

Service code 26 · EIN 64-0655312

Advisory (Participants)

$15,159

WILLIAMS WEISS HESTER & CO4 years

Filed as: WILLIAMS, WEISS, HESTER & CO., PLLC

Service code 10 · EIN 64-0317418

Accounting

$9,500

401K EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401K EMPLOYEE RETIREMENT PLAN

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