Retirement plan

SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN

Name: SBS SERVICES CORPORATION - SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: SBS SERVICES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN, SBS SERVICES CORPORATION

SBS SERVICES CORPORATIONEIN 85-2586640Plan #001PY 2021

1080 HOLCOMB BRIDGE ROAD, BUILDING 100, SUITE 350 - ROSWELL, GA 30076469-919-4642

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$11M

No prior year

Total participants

290

No prior year

Average account balance

$64,815

No prior year

Annual return

54.84%

No prior year

Benchmarks

See 966 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort966 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.12M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

426

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.

56.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+32.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$231

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 6 by compensation

Provider	Service type	Compensation
R. BRUCE TANNER & ASSOCIATES, INC.1+ years Filed as: R BRUCE TANNER & ASSOCIATES, INC. Service code 49	Other Services	$15,000
MONTEREY WEALTH1+ years Service code 99 · EIN 20-0900526	Other Fees	$14,534
THE RETIREMENT ADVANTAGE INC1+ years Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 49	Other Services	$2,573
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346	Recordkeeping	$0
R. BRUCE TANNER & ASSOCIATES, INC.1+ years Filed as: R BRUCE TANNER AND ASSOCIATES, INC. Service code 49 4536 NELSON BROGDON BLVD SUITE 3 · SUGAR HILL, GA 30518	Other Services	$0
THE RETIREMENT ADVANTAGE INC1+ years Filed as: THE RETIREMENT ADVANTAGE, INC Service code 49 600 S NICOLET RD · APPLETON, WI 54914	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$27K

$110 / participant

Contract admin$27K100.0%

% of EOY assets

0.242%

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: BATES, CARTER & CO., LLP
Auditor EIN: 208004844
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,815

$73,638-12.0%

$108,405-40.2%

$79,391-18.4%

Participation rate

50.4%

77.4%-27.0pp

80.1%-29.7pp

70.7%-20.3pp

Annual return

54.84%

33.27%+21.6pp

905.55%-850.7pp

116.88%-62.0pp

Employer contribution / active EE

$1,563

$2,397-34.8%

$3,559-56.1%

$2,428-35.6%

Participant deferral / active EE

$3,353

$6,218-46.1%

$6,563-48.9%

$4,046-17.1%

Admin fee / account holder

$157

$638-75.4%

$7,297-97.8%

$627-75.0%

Provider

Service type

Compensation

R. BRUCE TANNER & ASSOCIATES, INC.1+ years

Filed as: R BRUCE TANNER & ASSOCIATES, INC.

Service code 49

Other Services

$15,000

MONTEREY WEALTH1+ years

Service code 99 · EIN 20-0900526

Other Fees

$14,534

THE RETIREMENT ADVANTAGE INC1+ years

Filed as: THE RETIREMENT ADVANTAGE, INC.

Service code 49

Other Services

$2,573

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK LIFE INSURANCE CO.

Service code 15 · EIN 01-0233346

Recordkeeping

R. BRUCE TANNER & ASSOCIATES, INC.1+ years

Filed as: R BRUCE TANNER AND ASSOCIATES, INC.

Service code 49

4536 NELSON BROGDON BLVD SUITE 3 · SUGAR HILL, GA 30518

Other Services

THE RETIREMENT ADVANTAGE INC1+ years

Filed as: THE RETIREMENT ADVANTAGE, INC

Service code 49

600 S NICOLET RD · APPLETON, WI 54914

Other Services

SBS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SBS SERVICES CORPORATION 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