Retirement plan

SAGENT M&C, LLC 401(K) PLAN

Name: SAGENT LENDING TECHNOLOGIES - SAGENT M&C, LLC 401(K) PLAN (2024) Form 5500
Creator: SAGENT LENDING TECHNOLOGIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAGENT M&C, LLC 401(K) PLAN, SAGENT LENDING TECHNOLOGIES

SAGENT LENDING TECHNOLOGIESEIN 82-4498861Plan #001PY 2024

1000 CONTINENTAL DRIVE SUITE 570 - KING OF PRUSSIA, PA 19406484-253-3200

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$61.5M

+13.8% from 2023

Total participants

479

+14.3% from 2023

Average account balance

$129,795

-0.8% from 2023

Annual return

17.34%

-4.47 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.52M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

474

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+17.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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
THE VANGUARD GROUP, INC.5 years Service code 15 · EIN 23-1945930	Recordkeeping	$51,448
STEPHANO SLACK LLC4 years Service code 10 · EIN 16-1710665	Accounting	$17,900

Plan features & details

Pension benefit codes2F2G2T3D3H

Plan features

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.
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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$68K

$173 / participant

Other / not subdivided$68K100.0%

% of EOY assets

0.111%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: STEPHANO SLACK LLC
Auditor EIN: 161710665
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,795

$106,230+22.2%

$147,080-11.8%

$77,736+67.0%

Participation rate

98.7%

78.4%+20.3pp

82.2%+16.5pp

70.6%+28.1pp

Annual return

17.34%

56.91%-39.6pp

420.17%-402.8pp

31.26%-13.9pp

Employer contribution / active EE

$4,455

$4,072+9.4%

$4,933-9.7%

$2,728+63.3%

Participant deferral / active EE

$13,595

$8,001+69.9%

$8,066+68.5%

$4,651+192.3%

Admin fee / account holder

$144

$338-57.4%

$12,989-98.9%

$433-66.7%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.5 years

Service code 15 · EIN 23-1945930

Recordkeeping

$51,448

STEPHANO SLACK LLC4 years

Service code 10 · EIN 16-1710665

Accounting

$17,900

SAGENT M&C, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAGENT M&C, 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