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 (2023) 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 2023

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

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$20.3M

+14.8% from 2022

Total participants

170

-11.5% from 2022

Average account balance

$122,351

+25.2% from 2022

Annual return

21.57%

+38.96 pp from 2022

Benchmarks

See 28,714 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,714 peers

Snapshot2023

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.8 years Service code 12 · EIN 27-2037969	Direct payment from the plan; Recordk...	$5,221
CHARLES SCHWAB & CO., INC.9+ years Filed as: CHARLES SCHWAB BANK Service code 12 · EIN 94-3106735	Account maintenance fees; Claims proc...	$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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$59 / participant

Contract admin$5K100.0%

% of EOY assets

0.026%

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

$122,351

$93,589+30.7%

$135,942-10.0%

$75,181+62.7%

Participation rate

95.5%

75.2%+20.3pp

81.9%+13.6pp

67.2%+28.3pp

Annual return

21.57%

30.90%-9.3pp

68.28%-46.7pp

160.69%-139.1pp

Employer contribution / active EE

$3,537-100.0%

$4,858-100.0%

$2,671-100.0%

Participant deferral / active EE

$8,950

$6,405+39.7%

$7,759+15.4%

$4,126+116.9%

Admin fee / account holder

$31

$6,977-99.5%

$10,764-99.7%

$5,650-99.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.8 years

Service code 12 · EIN 27-2037969

Direct payment from the plan; Recordk...

$5,221

CHARLES SCHWAB & CO., INC.9+ years

Filed as: CHARLES SCHWAB BANK

Service code 12 · EIN 94-3106735

Account maintenance fees; Claims proc...

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