Retirement plan

SYSTEM1 LLC 401(K) PLAN AND TRUST

Name: SYSTEM1 LLC - SYSTEM1 LLC 401(K) PLAN AND TRUST (2020) Form 5500
Creator: SYSTEM1 LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYSTEM1 LLC 401(K) PLAN AND TRUST, SYSTEM1 LLC

SYSTEM1 LLCEIN 82-2387353Plan #001PY 2020

1501 MAIN ST. SUITE 201 - VENICE, CA 90291415-912-8705

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$19.2M

+39.1% from 2019

Total participants

321

+12.6% from 2019

Average account balance

$68,800

+18.1% from 2019

Annual return

21.68%

-5.54 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.64M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

425

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.

91.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+20.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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 3 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC4+ years Service code 55 5707 SW PKWY, BLDG. 2, STE. 400 · AUSTIN, TX 78735	Other Commissions	$27,710
TRUOG-RYDING COMPANY, INC.4+ years Service code 13 2659 TOWNSGATE RD., STE. 101 · WESTLAKE VILLAGE, CA 91361	Contract Administrator	$11,800
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Filed as: EMPOWER RETIEMENT ADVISORY SERVICES Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$6,382

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$6K

$26 / participant

Contract admin$6K100.0%

% of EOY assets

0.032%

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: KIMBERLIN COMPANY, PLLC
Auditor EIN: 455497718
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,800

$99,957-31.2%

$149,730-54.1%

$73,493-6.4%

Participation rate

82.1%

75.7%+6.4pp

82.5%-0.4pp

70.7%+11.4pp

Annual return

21.68%

53.87%-32.2pp

276.70%-255.0pp

28.51%-6.8pp

Employer contribution / active EE

$4,875

$3,191+52.8%

$4,645+5.0%

$2,270+114.8%

Participant deferral / active EE

$9,910

$6,073+63.2%

$6,843+44.8%

$3,740+165.0%

Admin fee / account holder

$22

$551-96.0%

$9,310-99.8%

$513-95.7%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC4+ years

Service code 55

5707 SW PKWY, BLDG. 2, STE. 400 · AUSTIN, TX 78735

Other Commissions

$27,710

TRUOG-RYDING COMPANY, INC.4+ years

Service code 13

2659 TOWNSGATE RD., STE. 101 · WESTLAKE VILLAGE, CA 91361

Contract Administrator

$11,800

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Filed as: EMPOWER RETIEMENT ADVISORY SERVICES

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$6,382

SYSTEM1 LLC 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYSTEM1 LLC 401(K) PLAN AND TRUST

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