Retirement plan

STERLING-RICE GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: STERLING-RICE GROUP, INC. - STERLING-RICE GROUP, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: STERLING-RICE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STERLING-RICE GROUP, INC. 401(K) PROFIT SHARING PLAN, STERLING-RICE GROUP, INC.

STERLING-RICE GROUP, INC.EIN 84-0930546Plan #001PY 2024

1801 13TH STREET, SUITE 150 - BOULDER, CO 80302303-381-6400srg.comLinkedIn51-200 employeesmarketing and advertising

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$20.4M

+0.6% from 2023

Total participants

151

-11.2% from 2023

Average account balance

$139,995

+14.4% from 2023

Annual return

13.98%

-7.59 pp from 2023

Benchmarks

See 28,877 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,877 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.44M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

146

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.

93.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$893K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.9 years Service code 12 · EIN 27-2037969	Recordkeeping fees; Recordkeeping and...	$10,872

Plan features & details

Pension benefit codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$11K

$143 / participant

Contract admin$11K100.0%

% of EOY assets

0.053%

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: PLANTE & MORAN, PLLC
Auditor EIN: 331498605
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,995

$102,429+36.7%

$147,096-4.8%

$80,925+73.0%

Participation rate

93.4%

75.9%+17.6pp

82.2%+11.2pp

67.7%+25.8pp

Annual return

13.98%

135.02%-121.0pp

419.75%-405.8pp

35.65%-21.7pp

Employer contribution / active EE

$2,262

$3,716-39.1%

$4,936-54.2%

$2,756-17.9%

Participant deferral / active EE

$9,482

$6,649+42.6%

$8,071+17.5%

$4,299+120.6%

Admin fee / account holder

$74

$7,957-99.1%

$13,005-99.4%

$6,940-98.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.9 years

Service code 12 · EIN 27-2037969

Recordkeeping fees; Recordkeeping and...

$10,872

STERLING-RICE GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STERLING-RICE GROUP, INC. 401(K) PROFIT SHARING 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