Retirement plan

SCIENTIFIC RESEARCH CORPORATION 401(K) PROFIT SHARING PLAN

Name: SCIENTIFIC RESEARCH CORPORATION - SCIENTIFIC RESEARCH CORPORATION 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SCIENTIFIC RESEARCH CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCIENTIFIC RESEARCH CORPORATION 401(K) PROFIT SHARING PLAN, SCIENTIFIC RESEARCH CORPORATION

SCIENTIFIC RESEARCH CORPORATIONEIN 76-0255801Plan #002PY 2024

2300 WINDY RIDGE PARKWAY, SUITE 400 SOUTH - ATLANTA, GA 30339770-989-9498scires.comLinkedIn1001-5000 employeesdefense & space

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$264.4M

+15.8% from 2023

Total participants

2,482

+2.1% from 2023

Average account balance

$134,961

+12.9% from 2023

Annual return

15.81%

-4.03 pp from 2023

Benchmarks

See 950 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort950 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$264.39M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

1,959

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.

71.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52

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 4 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC4 years Service code 27 PO BOX 60071 · RALEIGH, NC 27675	Advisory (Plan)	$49,044
THE LAMPO GROUP, INC.5 years Service code 16 1749 MALLORY LANE · BRENTWOOD, TN 37027	Consulting	$19,212
FRAZIER & DEETER, LLC3 years Filed as: FRAZIER & DEETER Service code 10 1230 PEACHTREE STREET · ATLANTA, GA 30309	Accounting	$19,000
T ROWE PRICE RPS INC10+ years Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$14,270

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$102K

$55 / participant

Recordkeeping$14K14.1%
Investment mgmt$49K48.3%
Other / not subdivided$38K37.6%

% of EOY assets

0.038%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRAZIER & DEETER LLC
Auditor EIN: 581433845
Audit fees: $19,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,961

$122,259+10.4%

$147,041-8.2%

$199,874-32.5%

Participation rate

71.7%

78.3%-6.5pp

82.2%-10.4pp

72.0%-0.3pp

Annual return

15.81%

30.58%-14.8pp

419.21%-403.4pp

34.28%-18.5pp

Employer contribution / active EE

$3,069

$4,097-25.1%

$4,935-37.8%

$3,036+1.1%

Participant deferral / active EE

$8,377

$8,504-1.5%

$8,071+3.8%

$5,090+64.6%

Admin fee / account holder

$52

$179-71.0%

$13,006-99.6%

$269-80.7%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC4 years

Service code 27

PO BOX 60071 · RALEIGH, NC 27675

Advisory (Plan)

$49,044

THE LAMPO GROUP, INC.5 years

Service code 16

1749 MALLORY LANE · BRENTWOOD, TN 37027

Consulting

$19,212

FRAZIER & DEETER, LLC3 years

Filed as: FRAZIER & DEETER

Service code 10

1230 PEACHTREE STREET · ATLANTA, GA 30309

Accounting

$19,000

T ROWE PRICE RPS INC10+ years

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$14,270

SCIENTIFIC RESEARCH CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCIENTIFIC RESEARCH CORPORATION 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