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 (2022) 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 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$17.7M

-23.5% from 2021

Total participants

192

+5.5% from 2021

Average account balance

$97,742

-23.9% from 2021

Annual return

-17.39%

-32.80 pp from 2021

Benchmarks

See 28,001 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,001 peers

Snapshot2022

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.7 years Service code 12 · EIN 27-2037969	Recordkeeping fees; Claims processing...	$7,434
CHARLES SCHWAB & CO., INC.8+ years Filed as: CHARLES SCHWAB BANK Service code 12 · EIN 42-1558009	Trustee (directed); Trustee (bank, tr...	$0

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

$7K

$81 / participant

Contract admin$7K100.0%

% of EOY assets

0.042%

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: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,742

$82,674+18.2%

$125,381-22.0%

$68,486+42.7%

Participation rate

88.0%

75.1%+13.0pp

82.4%+5.7pp

67.9%+20.2pp

Annual return

-17.39%

-5.97%-11.4pp

572.31%-589.7pp

-7.85%-9.5pp

Employer contribution / active EE

$3,439

$3,382+1.7%

$4,815-28.6%

$2,597+32.4%

Participant deferral / active EE

$9,540

$6,111+56.1%

$7,448+28.1%

$4,028+136.9%

Admin fee / account holder

$41

$6,277-99.3%

$10,007-99.6%

$5,404-99.2%

Provider

Service type

Compensation

NEWPORT GROUP, INC.7 years

Service code 12 · EIN 27-2037969

Recordkeeping fees; Claims processing...

$7,434

CHARLES SCHWAB & CO., INC.8+ years

Filed as: CHARLES SCHWAB BANK

Service code 12 · EIN 42-1558009

Trustee (directed); Trustee (bank, tr...

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