Retirement plan

SOUTHEASTERN PRINTING COMPANY, INC. 401(K) RETIREMENT PLAN

Name: SOUTHEASTERN PRINTING COMPANY, INC. - SOUTHEASTERN PRINTING COMPANY, INC. 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: SOUTHEASTERN PRINTING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHEASTERN PRINTING COMPANY, INC. 401(K) RETIREMENT PLAN, SOUTHEASTERN PRINTING COMPANY, INC.

SOUTHEASTERN PRINTING COMPANY, INC.EIN 65-0717119Plan #001PY 2020

3601 S.E. DIXIE HIGHWAY - STUART, FL 34997772-600-2522seprint.comLinkedIn51-200 employeesprinting

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$9.6M

+5.6% from 2019

Total participants

208

-6.7% from 2019

Average account balance

$46,215

-3.6% from 2019

Annual return

11.25%

-10.07 pp from 2019

Benchmarks

See 1,065 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,065 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.86M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

157

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$977K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$385

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
HBK CPAS & CONSULTANTS6+ years Filed as: HBK SORCE FINANCIAL, LLC Service code 26 · EIN 34-1925728	Advisory (Participants)	$42,063
NEWPORT GROUP, INC.5 years Service code 13 · EIN 27-2037969	Contract Administrator	$31,220

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$73K

$424 / participant

Investment mgmt$42K57.4%
Contract admin$31K42.6%

% of EOY assets

0.766%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: URISH POPECK AND CO., LLC
Auditor EIN: 251306171
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,215

$43,133+7.1%

$89,435-48.3%

$73,497-37.1%

Participation rate

99.4%

55.0%+44.5pp

68.0%+31.4pp

70.7%+28.7pp

Annual return

11.25%

135.66%-124.4pp

245.55%-234.3pp

28.51%-17.3pp

Employer contribution / active EE

$897

$1,438-37.6%

$2,587-65.3%

$2,270-60.5%

Participant deferral / active EE

$3,954

$2,445+61.7%

$3,890+1.6%

$3,740+5.7%

Admin fee / account holder

$354

$444-20.2%

$4,884-92.8%

$513-31.0%

Provider

Service type

Compensation

HBK CPAS & CONSULTANTS6+ years

Filed as: HBK SORCE FINANCIAL, LLC

Service code 26 · EIN 34-1925728

Advisory (Participants)

$42,063

NEWPORT GROUP, INC.5 years

Service code 13 · EIN 27-2037969

Contract Administrator

$31,220

SOUTHEASTERN PRINTING COMPANY, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHEASTERN PRINTING COMPANY, INC. 401(K) 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