Retirement plan

SRC MANAGEMENT, INC. EMPLOYEE 401K PLAN

Name: SRC MANAGEMENT, INC. - SRC MANAGEMENT, INC. EMPLOYEE 401K PLAN (2022) Form 5500
Creator: SRC MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SRC MANAGEMENT, INC. EMPLOYEE 401K PLAN, SRC MANAGEMENT, INC.

SRC MANAGEMENT, INC.EIN 74-2995265Plan #001PY 2022

5701 W EXPRESSWAY 83 - HARLINGEN, TX 78552956-428-6607

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$414K

+17.9% from 2021

Total participants

+18.2% from 2021

Average account balance

$59,179

+34.7% from 2021

Annual return

4.59%

-11.06 pp from 2021

Benchmarks

See 18,475 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort18,475 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$588K

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

58.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$51K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+6.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1389

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 codes2E2J3D3H

Plan features

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$17K

$1419 / participant

Other / not subdivided$17K100.0%

% of EOY assets

4.111%

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

$59,179

$190,916-69.0%

$160,037-63.0%

$134,545-56.0%

Participation rate

50.0%

82.0%-32.0pp

78.0%-28.0pp

81.2%-31.2pp

Annual return

4.59%

552.79%-548.2pp

408.95%-404.4pp

418.37%-413.8pp

Employer contribution / active EE

$1,704

$4,996-65.9%

$4,226-59.7%

$4,742-64.1%

Participant deferral / active EE

$3,601

$6,925-48.0%

$6,184-41.8%

$6,401-43.7%

Admin fee / account holder

$2,433

$10,497-76.8%

$8,716-72.1%

$11,431-78.7%

SRC MANAGEMENT, INC. EMPLOYEE 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SRC MANAGEMENT, INC. EMPLOYEE 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