Retirement plan

SERVPRO OF SOUTH SPRINGFIELD/ AGAWAM 401K PLAN

Name: SERVPRO OF SOUTH SPRINGFIELD/ AGAWAM - SERVPRO OF SOUTH SPRINGFIELD/ AGAWAM 401K PLAN (2022) Form 5500
Creator: SERVPRO OF SOUTH SPRINGFIELD/ AGAWAM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SERVPRO OF SOUTH SPRINGFIELD/ AGAWAM 401K PLAN, SERVPRO OF SOUTH SPRINGFIELD/ AGAWAM

SERVPRO OF SOUTH SPRINGFIELD/ AGAWAMEIN 47-2794745Plan #001PY 2022

71 A RAMAH CIRCLE SOUTH - AGAWAM, MA 01001413-372-4115servprosouthspringfieldagawam.comLinkedIn1-10 employeesconstruction

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$260K

+0.7% from 2021

Total participants

+40.0% from 2021

Average account balance

$52,048

+0.7% from 2021

Annual return

-20.01%

-38.84 pp from 2021

Benchmarks

See 17,029 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort17,029 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$527K

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$95K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+19.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$414

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$1K

$229 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.441%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,048

$93,098-44.1%

$77,081-32.5%

$134,509-61.3%

Participation rate

60.0%

74.5%-14.5pp

67.9%-7.9pp

81.2%-21.2pp

Annual return

-20.01%

62.63%-82.6pp

42.33%-62.3pp

418.13%-438.1pp

Employer contribution / active EE

$2,468

$3,419-27.8%

$2,813-12.3%

$4,741-47.9%

Participant deferral / active EE

$8,218

$5,239+56.9%

$4,428+85.6%

$6,400+28.4%

Admin fee / account holder

$229

$6,945-96.7%

$5,427-95.8%

$11,427-98.0%

SERVPRO OF SOUTH SPRINGFIELD/ AGAWAM 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SERVPRO OF SOUTH SPRINGFIELD/ AGAWAM 401K 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