Retirement plan

USDM LIFE SCIENCES 401(K) SAVINGS PLAN

Name: US DATA MANAGEMENT, LLC DBA USDM LIFE SCIENCES - USDM LIFE SCIENCES 401(K) SAVINGS PLAN (2023) Form 5500
Creator: US DATA MANAGEMENT, LLC DBA USDM LIFE SCIENCES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, USDM LIFE SCIENCES 401(K) SAVINGS PLAN, US DATA MANAGEMENT, LLC DBA USDM LIFE SCIENCES

US DATA MANAGEMENT, LLC DBA USDM LIFE SCIENCESEIN 77-0543352Plan #001PY 2023

535 CHAPALA STREET - SANTA BARBARA, CA 93101888-231-0816

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$12M

+28.0% from 2022

Total participants

237

+8.2% from 2022

Average account balance

$61,997

+18.1% from 2022

Annual return

19.30%

+35.81 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.96M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

163

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.

69.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$323

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY7 years Service code 13 · EIN 42-0127290	Contract Administrator	$43,305
ACTUARIAL BENEFITS CORP5 years Filed as: ACTUARIAL BENEFITS CORPORATION Service code 16 · EIN 20-1054428	Consulting	$27,496

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$43K

$247 / participant

Contract admin$43K100.0%

% of EOY assets

0.362%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,997

$91,439-32.2%

$135,974-54.4%

$71,511-13.3%

Participation rate

74.9%

75.7%-0.8pp

81.9%-7.1pp

67.9%+6.9pp

Annual return

19.30%

29.90%-10.6pp

68.30%-49.0pp

28.86%-9.6pp

Employer contribution / active EE

$552

$3,705-85.1%

$4,859-88.6%

$2,589-78.7%

Participant deferral / active EE

$10,509

$7,093+48.2%

$7,760+35.4%

$4,291+144.9%

Admin fee / account holder

$224

$1,267-82.3%

$10,767-97.9%

$1,588-85.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7 years

Service code 13 · EIN 42-0127290

Contract Administrator

$43,305

ACTUARIAL BENEFITS CORP5 years

Filed as: ACTUARIAL BENEFITS CORPORATION

Service code 16 · EIN 20-1054428

Consulting

$27,496

USDM LIFE SCIENCES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

USDM LIFE SCIENCES 401(K) SAVINGS 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