Retirement plan

SECURITAS SECURITY SERVICES USA INCENTIVE SAVINGS AND RETIREMENT PLAN

Name: SECURITAS SECURITY SERVICES USA, IN - SECURITAS SECURITY SERVICES USA INCENTIVE SAVINGS AND RETIREMENT PLAN (2024) Form 5500
Creator: SECURITAS SECURITY SERVICES USA, IN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECURITAS SECURITY SERVICES USA INCENTIVE SAVINGS AND RETIREMENT PLAN, SECURITAS SECURITY SERVICES USA, IN

SECURITAS SECURITY SERVICES USA, INEIN 71-0912217Plan #006PY 2024

4330 PARK TERRACE DRIVE - WESTLAKE VILLAGE, CA 913614630818-706-6800

Other plans on this EIN

1 filing

#003Retirement-$1.7M assets

Prospect flagsLow returnsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$519.2M

-9.6% from 2016

Total participants

83,051

+13.0% from 2016

Average account balance

$30,374

-7.6% from 2016

Annual return

12.54%

-7.76 pp from 2016

Benchmarks

See 56 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort56 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$519.22M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

17,094

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.

14.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$65.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$847

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$76

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 5 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH8 years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$1,048,222
ANGELES INVESTMENT ADVISORS, LLC1 year Service code 50 · EIN 95-4839031	Direct Payment	$103,093
PB MARES1 year Filed as: PB MARES, LLP Service code 10 · EIN 54-0737372	Accounting	$90,240
NOSSAMAN LLP1 year Service code 50 · EIN 95-2219542	Direct Payment	$41,020
FERENCZY BENEFITS LAW CENTER1 year Filed as: FERENCZY LAW Service code 50 · EIN 82-3582450	Direct Payment	$10,442

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$17 / participant

Recordkeeping$1M81.0%
Investment mgmt$103K8.0%
Legal$51K4.0%
Other / not subdivided$91K7.0%

% of EOY assets

0.249%

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: PBMARES, LLP
Auditor EIN: 540737372
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,374

$42,127-27.9%

$85,240-64.4%

$106,553-71.5%

Participation rate

14.1%

36.6%-22.5pp

67.5%-53.5pp

69.8%-55.8pp

Annual return

12.54%

36.21%-23.7pp

66.75%-54.2pp

17.37%-4.8pp

Employer contribution / active EE

$389

$825-52.9%

$2,735-85.8%

$3,359-88.4%

Participant deferral / active EE

$458

$2,066-77.8%

$4,527-89.9%

$5,562-91.8%

Admin fee / account holder

$76

$114-33.3%

$6,165-98.8%

$80-5.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH8 years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$1,048,222

ANGELES INVESTMENT ADVISORS, LLC1 year

Service code 50 · EIN 95-4839031

Direct Payment

$103,093

PB MARES1 year

Filed as: PB MARES, LLP

Service code 10 · EIN 54-0737372

Accounting

$90,240

NOSSAMAN LLP1 year

Service code 50 · EIN 95-2219542

Direct Payment

$41,020

FERENCZY BENEFITS LAW CENTER1 year

Filed as: FERENCZY LAW

Service code 50 · EIN 82-3582450

Direct Payment

$10,442

SECURITAS SECURITY SERVICES USA INCENTIVE SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECURITAS SECURITY SERVICES USA INCENTIVE SAVINGS AND 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