Retirement plan

SCHLESINGER GLOBAL, LLC 401(K) PROFIT SHARING PLAN

Name: SCHLESINGER CENTRAL PROCESSING SERVICES, LLC - SCHLESINGER GLOBAL, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SCHLESINGER CENTRAL PROCESSING SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHLESINGER GLOBAL, LLC 401(K) PROFIT SHARING PLAN, SCHLESINGER CENTRAL PROCESSING SERVICES, LLC

SCHLESINGER CENTRAL PROCESSING SERVICES, LLCEIN 75-3247757Plan #001PY 2024

101 WOOD AVENUE SOUTH, SUITE 501, SUITE 501 - ISELIN, NJ 08830732-906-1122

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$27.6M

+15.7% from 2023

Total participants

571

-12.8% from 2023

Average account balance

$106,584

+36.3% from 2023

Annual return

13.88%

-5.04 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.61M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

259

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.

45.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.93M

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

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$570

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4 years Filed as: PRINCIPAL LIFE INSURANCE Service code 13 · EIN 42-0127290	Contract Administrator	$144,378
BLEAKLEY FINANCIAL GROUP LLC3 years Filed as: BLEAKLEY FINANCIAL GROUP, LLC Service code 27 · EIN 47-2523848	Advisory (Plan)	$94,324
BENEFIT PLANS ADMIN SERVICES, INC.3 years Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC Service code 13 · EIN 16-1616474	Contract Administrator	$16,174

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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 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

$148K

$259 / participant

Recordkeeping$148K100.0%

% of EOY assets

0.535%

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: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,584

$106,264+0.3%

$147,117-27.6%

$77,762+37.1%

Participation rate

45.3%

78.4%-33.2pp

82.2%-36.9pp

70.6%-25.3pp

Annual return

13.88%

56.94%-43.1pp

420.54%-406.7pp

31.27%-17.4pp

Employer contribution / active EE

$1,110

$4,074-72.8%

$4,932-77.5%

$2,728-59.3%

Participant deferral / active EE

$4,033

$8,003-49.6%

$8,065-50.0%

$4,651-13.3%

Admin fee / account holder

$570

$334+70.4%

$12,993-95.6%

$433+31.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Filed as: PRINCIPAL LIFE INSURANCE

Service code 13 · EIN 42-0127290

Contract Administrator

$144,378

BLEAKLEY FINANCIAL GROUP LLC3 years

Filed as: BLEAKLEY FINANCIAL GROUP, LLC

Service code 27 · EIN 47-2523848

Advisory (Plan)

$94,324

BENEFIT PLANS ADMIN SERVICES, INC.3 years

Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC

Service code 13 · EIN 16-1616474

Contract Administrator

$16,174

SCHLESINGER GLOBAL, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHLESINGER GLOBAL, LLC 401(K) 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