Retirement plan

SINCH AMERICA 401(K) PLAN

Name: SINCH AMERICA, INC. - SINCH AMERICA 401(K) PLAN (2024) Form 5500
Creator: SINCH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SINCH AMERICA 401(K) PLAN, SINCH AMERICA, INC.

SINCH AMERICA, INC.EIN 77-0505044Plan #001PY 2024

ONE ALLIANCE CENTER, 3500 LENOX ROAD NE STE 1875 - ATLANTA, GA 30326678-230-4094

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$151.7M

+24.5% from 2023

Total participants

1,577

+2.9% from 2023

Average account balance

$98,933

+21.2% from 2023

Annual return

17.77%

-162.06 pp from 2023

Benchmarks

See 176 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort176 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$151.66M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

1,533

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+17.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$82,785
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Service code 27 · EIN 43-1451524	Advisory (Plan)	$62,957
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$27,264
MOORE COLSON8 years Filed as: MOORE COLSON CPAS AND ADVISORS Service code 10 · EIN 58-1653941	Accounting	$26,749

Plan features & details

Pension benefit codes2G2J2K2T3F2E2F3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$200K

$167 / participant

Recordkeeping$83K41.4%
Investment mgmt$90K45.2%
Other / not subdivided$27K13.4%

% of EOY assets

0.132%

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: MOORE COLSON
Auditor EIN: 581653941
Audit fees: $26,749
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,933

$115,744-14.5%

$100,415-1.5%

$200,096-50.6%

Participation rate

96.3%

85.7%+10.7pp

81.5%+14.8pp

72.0%+24.3pp

Annual return

17.77%

17.79%0pp

49.47%-31.7pp

34.26%-16.5pp

Employer contribution / active EE

$4,413

$3,657+20.7%

$3,943+11.9%

$3,038+45.3%

Participant deferral / active EE

$11,876

$9,844+20.6%

$8,091+46.8%

$5,090+133.3%

Admin fee / account holder

$130

$93+40.3%

$7,906-98.4%

$269-51.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$82,785

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Service code 27 · EIN 43-1451524

Advisory (Plan)

$62,957

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$27,264

MOORE COLSON8 years

Filed as: MOORE COLSON CPAS AND ADVISORS

Service code 10 · EIN 58-1653941

Accounting

$26,749

SINCH AMERICA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SINCH AMERICA 401(K) 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