Retirement plan

SYSTEM I, INC.

Name: SYSTEM I, INC. - SYSTEM I, INC. (2020) Form 5500
Creator: SYSTEM I, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYSTEM I, INC., SYSTEM I, INC.

SYSTEM I, INC.EIN 82-0453817Plan #001PY 2020

221 W NORTH ST. - REPUBLIC, MO 65738417-732-6500system1inc.comLinkedIn501-1000 employeesfacilities services

Prospect flagsHigh feesLow participationLow participant contribution

Top hat statement on fileNQDC

Filed June 29, 2010

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1.5M

+81.6% from 2019

Total participants

164

+13.9% from 2019

Average account balance

$47,930

+40.6% from 2019

Annual return

91.83%

+74.63 pp from 2019

Benchmarks

See 1,065 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,065 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.01M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

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.

23.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$271K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2329

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

0 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
SILVERSTONE ASSET MANAGEMENT INC1 year Filed as: SILVERSTONE ASSET MANAGEMENT INCORP Service code 27 11516 MIRACLE HILLS DRIVE, STE 100 · OMAHA, NE 68154	Advisory (Plan)	$12,377
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,591
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0
PROFESSIONAL BENEFIT SERVICES1 year Filed as: PROFESSIONAL BENEFIT SERVICES, INC. Service code 13 1193 ROYVONNE AVE SE STE 22 · SALEM, OR 97302	Contract Administrator	$0
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 99 4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903	Other Fees	-$2,978

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$12K

$83 / participant

Investment mgmt$12K100.0%

% of EOY assets

0.836%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COOPER NORMAN
Auditor EIN: 820343828
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,930

$43,133+11.1%

$89,414-46.4%

$73,493-34.8%

Participation rate

11.3%

55.0%-43.6pp

68.0%-56.7pp

70.7%-59.3pp

Annual return

91.83%

135.66%-43.8pp

245.50%-153.7pp

28.51%+63.3pp

Employer contribution / active EE

$325

$1,438-77.4%

$2,586-87.4%

$2,270-85.7%

Participant deferral / active EE

$654

$2,445-73.3%

$3,890-83.2%

$3,740-82.5%

Admin fee / account holder

$400

$444-9.8%

$4,883-91.8%

$513-21.9%

Provider

Service type

Compensation

SILVERSTONE ASSET MANAGEMENT INC1 year

Filed as: SILVERSTONE ASSET MANAGEMENT INCORP

Service code 27

11516 MIRACLE HILLS DRIVE, STE 100 · OMAHA, NE 68154

Advisory (Plan)

$12,377

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,591

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

PROFESSIONAL BENEFIT SERVICES1 year

Filed as: PROFESSIONAL BENEFIT SERVICES, INC.

Service code 13

1193 ROYVONNE AVE SE STE 22 · SALEM, OR 97302

Contract Administrator

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 99

4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903

Other Fees

-$2,978

SYSTEM I, INC.

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYSTEM I, INC.

Top hat statement on fileNQDC

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