Retirement plan

SOUTHLAND FIRE AND SAFETY EQUIPMENT, INC. PROFIT SHARING PLAN

Name: SOUTHLAND FIRE AND SAFETY EQUIPMENT, INC - SOUTHLAND FIRE AND SAFETY EQUIPMENT, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: SOUTHLAND FIRE AND SAFETY EQUIPMENT, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHLAND FIRE AND SAFETY EQUIPMENT, INC. PROFIT SHARING PLAN, SOUTHLAND FIRE AND SAFETY EQUIPMENT, INC

SOUTHLAND FIRE AND SAFETY EQUIPMENT, INCEIN 72-0733887Plan #001PY 2022

1918 SOUTH SOUTHLAND AVENUE - GONZALES, LA 70737225-621-3473

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2.5M

-23.4% from 2021

Total participants

-4.8% from 2021

Average account balance

$125,095

-19.6% from 2021

Annual return

-13.97%

-23.75 pp from 2021

Benchmarks

See 23,464 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,464 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.60M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13560

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 codes2E2F2G2T3D3H

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$341K

$22706 / participant

Other / not subdivided$341K100.0%

% of EOY assets

13.613%

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

$125,095

$142,392-12.1%

$119,622+4.6%

$134,532-7.0%

Participation rate

100.0%

82.8%+17.2pp

79.3%+20.7pp

81.2%+18.8pp

Annual return

-13.97%

-12.46%-1.5pp

-14.98%+1.0pp

418.27%-432.2pp

Employer contribution / active EE

$2,120

$5,224-59.4%

$4,232-49.9%

$4,741-55.3%

Participant deferral / active EE

$6,467-100.0%

$5,601-100.0%

$6,401-100.0%

Admin fee / account holder

$17,029

$13,593+25.3%

$10,328+64.9%

$11,429+49.0%

SOUTHLAND FIRE AND SAFETY EQUIPMENT, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHLAND FIRE AND SAFETY EQUIPMENT, INC. PROFIT SHARING 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