Retirement plan

SCIENTIFIC CONSULTING GROUP, INC. PROFIT SHARING PLAN & TRUST

Name: SCIENTIFIC CONSULTING GROUP, INC. - SCIENTIFIC CONSULTING GROUP, INC. PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: SCIENTIFIC CONSULTING GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCIENTIFIC CONSULTING GROUP, INC. PROFIT SHARING PLAN & TRUST, SCIENTIFIC CONSULTING GROUP, INC.

SCIENTIFIC CONSULTING GROUP, INC.EIN 52-1719423Plan #001PY 2024

656 QUINCE ORCHARD ROAD, #210 - GAITHERSBURG, MD 208781422301-670-4990LinkedIn1-10 employeesinformation technology and services

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$21.6M

+12.9% from 2023

Total participants

120

-7.7% from 2023

Average account balance

$190,885

+12.9% from 2023

Annual return

15.05%

-2.10 pp from 2023

Benchmarks

See 28,860 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,860 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.57M

Not enough data

1 years with asset history on file

Average account balance

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

$191K

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.

113

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+15.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$250

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 4 by compensation

Provider	Service type	Compensation
MN BLUM LLC3 years Service code 10 · EIN 46-2949991	Accounting	$15,500
JM PENSION ADVISORY, INC.4 years Service code 15 · EIN 51-1910770 ONE RESEARCH COURT · ROKVILLE, MD 20850	Recordkeeping	$7,812
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$3,910
TRANSAMERICA RETIREMENT SOLUTIONS4 years Filed as: TRANSAMERICA LIFE INSURANCE Service code 15 · EIN 39-0989781	Recordkeeping	$1,043

Plan features & details

Pension benefit codes2A2E2F2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

$28K

$294 / participant

Recordkeeping$1K3.7%
Investment mgmt$4K13.8%
Contract admin$8K27.6%
Other / not subdivided$16K54.8%

% of EOY assets

0.131%

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: MN BLUM LLC
Auditor EIN: 462949991
Audit fees: $15,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$190,885

$102,385+86.4%

$147,080+29.8%

$80,935+135.8%

Participation rate

92.7%

75.9%+16.8pp

82.2%+10.5pp

67.7%+25.0pp

Annual return

15.05%

135.09%-120.0pp

420.17%-405.1pp

35.66%-20.6pp

Employer contribution / active EE

$14,780

$3,717+297.7%

$4,933+199.6%

$2,757+436.2%

Participant deferral / active EE

$6,173

$6,651-7.2%

$8,066-23.5%

$4,299+43.6%

Admin fee / account holder

$250

$7,951-96.9%

$12,989-98.1%

$6,924-96.4%

Provider

Service type

Compensation

MN BLUM LLC3 years

Service code 10 · EIN 46-2949991

Accounting

$15,500

JM PENSION ADVISORY, INC.4 years

Service code 15 · EIN 51-1910770

ONE RESEARCH COURT · ROKVILLE, MD 20850

Recordkeeping

$7,812

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$3,910

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Filed as: TRANSAMERICA LIFE INSURANCE

Service code 15 · EIN 39-0989781

Recordkeeping

$1,043

SCIENTIFIC CONSULTING GROUP, INC. PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCIENTIFIC CONSULTING GROUP, INC. 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