Retirement plan

SRC VENTURES, INC. 401K RETIREMENT PLAN

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

SRC VENTURES, INC.EIN 80-0946320Plan #001PY 2024

7502 ROUND POND ROAD - NORTH SYRACUSE, NY 132122510315-452-8000LinkedIn201-500 employeescomputer hardware

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$72.9M

+13.9% from 2023

Total participants

491

+5.8% from 2023

Average account balance

$150,591

+7.5% from 2023

Annual return

13.01%

-3.55 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.89M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

484

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+13.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$93

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
TIAA7 years Service code 15 · EIN 13-1624203	Recordkeeping	$34,190
FUST CHARLES CHAMBERS LLP3 years Filed as: FUSTCHARLES LLP Service code 10 · EIN 16-1226221	Accounting	$7,428

Plan features & details

Pension benefit codes2E2F2G2J2S2T3H

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.
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

$45K

$191 / participant

Recordkeeping$31K70.1%
Investment mgmt$3K7.3%
Contract admin$3K6.0%
Other / not subdivided$7K16.5%

% of EOY assets

0.062%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FUSTCHARLES LLP
Auditor EIN: 161226221
Audit fees: $7,428
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$150,591

$79,209+90.1%

$102,434+47.0%

$74,459+102.2%

Participation rate

97.0%

74.8%+22.2pp

76.5%+20.5pp

67.2%+29.8pp

Annual return

13.01%

54.98%-42.0pp

29.46%-16.4pp

1369.70%-1356.7pp

Employer contribution / active EE

$9,388

$2,362+297.4%

$3,023+210.5%

$2,626+257.5%

Participant deferral / active EE

$11,104

$4,417+151.4%

$5,055+119.7%

$4,350+155.3%

Admin fee / account holder

$93

$2,002-95.4%

$9,462-99.0%

$1,945-95.2%

Provider

Service type

Compensation

TIAA7 years

Service code 15 · EIN 13-1624203

Recordkeeping

$34,190

FUST CHARLES CHAMBERS LLP3 years

Filed as: FUSTCHARLES LLP

Service code 10 · EIN 16-1226221

Accounting

$7,428

SRC VENTURES, INC. 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SRC VENTURES, INC. 401K RETIREMENT 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