Retirement plan

SYSTEM SERVICES PROFIT SHARING 401K PLAN

Name: SYSTEM SERVICES BROADBAND, INC. - SYSTEM SERVICES PROFIT SHARING 401K PLAN (2020) Form 5500
Creator: SYSTEM SERVICES BROADBAND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYSTEM SERVICES PROFIT SHARING 401K PLAN, SYSTEM SERVICES BROADBAND, INC.

SYSTEM SERVICES BROADBAND, INC.EIN 72-1469818Plan #001PY 2020

P.O. BOX 61188, 1830 WEST WILLOW STREET - SCOTT, LA 70583337-237-8377systemservicesusa.comLinkedIn51-200 employeesconstruction

Prospect flagsLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$4.1M

+13.8% from 2019

Total participants

134

+22.9% from 2019

Average account balance

$38,554

-10.9% from 2019

Annual return

13.62%

-9.78 pp from 2019

Benchmarks

See 172 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort172 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.45M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

160

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.

87.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$696K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$180

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 1 by compensation

Provider	Service type	Compensation
NATIONAL FINANCIAL SERVICES1 year Service code 51 PO BOX 145459 · CINCINNATI, OH 452505459	Investment Mgmt Fees	$22,834

Plan features & details

Pension benefit codes2A2E2J2K3D

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.
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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$23K

$208 / participant

Investment mgmt$23K100.0%

% of EOY assets

0.559%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HARTIENS & FAULK, CPAS
Auditor EIN: 721156322
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,554

$118,971-67.6%

$112,977-65.9%

$73,493-47.5%

Participation rate

74.5%

83.3%-8.8pp

82.6%-8.0pp

70.7%+3.9pp

Annual return

13.62%

17.79%-4.2pp

24.24%-10.6pp

28.51%-14.9pp

Employer contribution / active EE

$1,813

$4,091-55.7%

$4,255-57.4%

$2,270-20.1%

Participant deferral / active EE

$2,586

$6,133-57.8%

$5,836-55.7%

$3,740-30.9%

Admin fee / account holder

$215

$573-62.4%

$6,294-96.6%

$513-58.0%

Provider

Service type

Compensation

NATIONAL FINANCIAL SERVICES1 year

Service code 51

PO BOX 145459 · CINCINNATI, OH 452505459

Investment Mgmt Fees

$22,834

SYSTEM SERVICES PROFIT SHARING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYSTEM SERVICES PROFIT SHARING 401K 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