Retirement plan

SYSTEM1 LLC 401(K) PLAN

Name: SYSTEM1 LLC - SYSTEM1 LLC 401(K) PLAN (2022) Form 5500
Creator: SYSTEM1 LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYSTEM1 LLC 401(K) PLAN, SYSTEM1 LLC

SYSTEM1 LLCEIN 82-2387353Plan #001PY 2022

4235 REDWOOD AVE - MARINA DEL REY, CA 90066310-748-2552

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$25.1M

-1.7% from 2021

Total participants

471

+22.0% from 2021

Average account balance

$60,716

-22.0% from 2021

Annual return

-14.65%

-36.24 pp from 2021

Benchmarks

See 3,159 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,159 peers

Snapshot2022

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 LLC6+ years Service code 55 5707 SW PKWY, BLDG. 2, STE. 400 · AUSTIN, TX 78735	Other Commissions	$47,032
TRUOG-RYDING COMPANY, INC.6+ years Service code 13 2659 TOWNSGATE RD., STE. 101 · WESTLAKE VILLAGE, CA 91361	Contract Administrator	$15,482
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$15,207

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$16K

$50 / participant

Investment mgmt$14K88.1%
Contract admin$2K11.9%

% of EOY assets

0.064%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,716

$82,163-26.1%

$125,381-51.6%

$64,819-6.3%

Participation rate

82.2%

77.9%+4.3pp

82.4%-0.2pp

71.5%+10.7pp

Annual return

-14.65%

3.49%-18.1pp

572.31%-587.0pp

32.84%-47.5pp

Employer contribution / active EE

$5,146

$3,616+42.3%

$4,815+6.9%

$2,507+105.3%

Participant deferral / active EE

$10,418

$7,175+45.2%

$7,448+39.9%

$4,311+141.7%

Admin fee / account holder

$39

$163-76.0%

$10,007-99.6%

$188-79.2%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC6+ years

Service code 55

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

Other Commissions

$47,032

TRUOG-RYDING COMPANY, INC.6+ years

Service code 13

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

Contract Administrator

$15,482

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$15,207

SYSTEM1 LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYSTEM1 LLC 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