Retirement plan

SUNSTATES SECURITY RETIREMENT SAVINGS PLAN

Name: SUNSTATES SECURITY, LLC - SUNSTATES SECURITY RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: SUNSTATES SECURITY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNSTATES SECURITY RETIREMENT SAVINGS PLAN, SUNSTATES SECURITY, LLC

SUNSTATES SECURITY, LLCEIN 56-2053968Plan #002PY 2021

801 CORPORATE CENTER DRIVE, SUITE 300 - RALEIGH, NC 27607919-395-6445sunstatessecurity.comLinkedIn5001-10000 employeessecurity and investigations

Prospect flagsLow participationLow assets / participantLow employer contribution

Top hat statement on fileNQDC

Filed September 3, 2019

Plan administrator

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801 Corporate Center Drive, Suite 110

Raleigh, NC 27607

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Plans declared (1)

Sunstates Security, LLC Nonqualified Deferred Compensation Plan8 emp

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How to read this page

Total assets (EOY)

$3.3M

+41.6% from 2020

Total participants

1,862

+7.1% from 2020

Average account balance

$10,253

+30.6% from 2020

Annual return

19.48%

-6.70 pp from 2020

Benchmarks

See 323 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort323 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.81M

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.

585

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.

12.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$397

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

+14.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$66

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MMA SECURITIES LLC2 years Service code 27 PO BOX 9497 · NEW YORK, NY 10087	Advisory (Plan)	$6,423
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$5,559
ASCENSUS LLC2 years Filed as: ASCENSUS HOLDINGS,INC DBA FUTUREPLA Service code 13 200 DRYDEN RD · DRESHER, PA 19025	Contract Administrator	$3,535
ASCENSUS LLC2 years Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA Service code 13	Contract Administrator	$2,112
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP, LLC Service code 27 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Advisory (Plan)	$1,132
GOLDLEAF PARTNERS1 year Filed as: GOLDLEAF PARTNERS SERVICES Service code 13 PO BOX 55757 · BOSTON, MA 02205	Contract Administrator	$1,087

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T

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.
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

3 tripped

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

$17K

$10 / participant

Contract admin$17K100.0%

% of EOY assets

0.520%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BRESLOW STARLING FROST WARNER BOGER
Auditor EIN: 560593053
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,253

$45,719-77.6%

$96,139-89.3%

$93,030-89.0%

Participation rate

14.0%

45.8%-31.9pp

68.4%-54.5pp

73.9%-59.9pp

Annual return

19.48%

3211.95%-3192.5pp

191.94%-172.5pp

158.70%-139.2pp

Employer contribution / active EE

$81

$1,139-92.9%

$2,797-97.1%

$2,706-97.0%

Participant deferral / active EE

$402

$2,344-82.8%

$4,349-90.8%

$4,562-91.2%

Admin fee / account holder

$53

$128-58.4%

$5,537-99.0%

$152-64.9%

Provider

Service type

Compensation

MMA SECURITIES LLC2 years

Service code 27

PO BOX 9497 · NEW YORK, NY 10087

Advisory (Plan)

$6,423

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$5,559

ASCENSUS LLC2 years

Filed as: ASCENSUS HOLDINGS,INC DBA FUTUREPLA

Service code 13

200 DRYDEN RD · DRESHER, PA 19025

Contract Administrator

$3,535

ASCENSUS LLC2 years

Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA

Service code 13

Contract Administrator

$2,112

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 27

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Advisory (Plan)

$1,132

GOLDLEAF PARTNERS1 year

Filed as: GOLDLEAF PARTNERS SERVICES

Service code 13

PO BOX 55757 · BOSTON, MA 02205

Contract Administrator

$1,087

SUNSTATES SECURITY RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNSTATES SECURITY RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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