Retirement plan

SENTRICS 401(K) PLAN

Name: SENTRICS, INC. - SENTRICS 401(K) PLAN (2023) Form 5500
Creator: SENTRICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SENTRICS 401(K) PLAN, SENTRICS, INC.

SENTRICS, INC.EIN 83-1794342Plan #001PY 2023

265 CLYDE MORRIS BLVD, SUITE 100 - ORMOND BEACH, FL 32174888-988-8210sentrics.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$10M

+15.6% from 2022

Total participants

249

-5.0% from 2022

Average account balance

$47,243

+18.3% from 2022

Annual return

18.57%

+34.53 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.28M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

200

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.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$310

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
HAUSER RETIREMENT SOLUTIONS 2 LLC4 years Service code 27 5905 E GALBRAITH RD STE 9000 · CINCINNATI, OH 45236	Advisory (Plan)	$21,096
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$19,914
CREATIVE RETIREMENT SYSTEMS, INC.4 years Filed as: CREATIVE RETIREMENT SYSTEMS, INC Service code 13 25 MERCHANT STREET · CINCINNATI, OH 452463740	Contract Administrator	$10,369

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T

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.
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.
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

$50K

$256 / participant

Contract admin$39K78.3%
Other / not subdivided$11K21.7%

% of EOY assets

0.503%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LANCE, SOLL & LUNGHARD, LLP
Auditor EIN: 952700123
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,243

$130,294-63.7%

$170,004-72.2%

$71,476-33.9%

Participation rate

80.6%

86.2%-5.6pp

87.0%-6.4pp

67.9%+12.7pp

Annual return

18.57%

20.36%-1.8pp

53.39%-34.8pp

28.85%-10.3pp

Employer contribution / active EE

$3,126

$4,385-28.7%

$6,786-53.9%

$2,589+20.8%

Participant deferral / active EE

$5,031

$6,928-27.4%

$10,408-51.7%

$4,290+17.3%

Admin fee / account holder

$238

$966-75.4%

$12,816-98.1%

$1,587-85.0%

Provider

Service type

Compensation

HAUSER RETIREMENT SOLUTIONS 2 LLC4 years

Service code 27

5905 E GALBRAITH RD STE 9000 · CINCINNATI, OH 45236

Advisory (Plan)

$21,096

AMERICAN FUNDS4 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$19,914

CREATIVE RETIREMENT SYSTEMS, INC.4 years

Filed as: CREATIVE RETIREMENT SYSTEMS, INC

Service code 13

25 MERCHANT STREET · CINCINNATI, OH 452463740

Contract Administrator

$10,369

SENTRICS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SENTRICS 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