Retirement plan

SIS 401(K) PLAN

Name: SECURITY INDUSTRY SPECIALISTS, INC. - SIS 401(K) PLAN (2024) Form 5500
Creator: SECURITY INDUSTRY SPECIALISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIS 401(K) PLAN, SECURITY INDUSTRY SPECIALISTS, INC.

SECURITY INDUSTRY SPECIALISTS, INC.EIN 95-4751935Plan #001PY 2024

6071 BRISTOL PARKWAY - CULVER CITY, CA 90230310-215-5100sis.usLinkedIn5001-10000 employeessecurity and investigations

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$56.7M

+26.5% from 2023

Total participants

3,243

+24.6% from 2023

Average account balance

$21,674

+17.4% from 2023

Annual return

16.12%

-3.42 pp from 2023

Benchmarks

See 287 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort287 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.70M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

2,616

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.

75.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$116

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$222,435
DIVERSIFY ADVISORY SERVICES LLC1 year Service code 16 · EIN 92-0397260	Consulting	$80,000
WEALTHSOURCE PARTNERS LLC5 years Filed as: WEALTHSOURCE MANAGEMENT Service code 27 · EIN 37-1797345 735 TANK FARM RD · SAN LUIS OBISPO, CA 93401	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$302K

$120 / participant

Recordkeeping$222K73.4%
Contract admin$3000.1%
Other / not subdivided$80K26.5%

% of EOY assets

0.533%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RICHARDSON KONTOGOURIS EMERSON LLP
Auditor EIN: 010871934
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,674

$55,694-61.1%

$81,882-73.5%

$200,096-89.2%

Participation rate

75.2%

62.7%+12.5pp

72.4%+2.8pp

72.0%+3.1pp

Annual return

16.12%

19.59%-3.5pp

779.47%-763.4pp

34.26%-18.1pp

Employer contribution / active EE

$299

$2,114-85.8%

$2,916-89.7%

$3,038-90.1%

Participant deferral / active EE

$3,764

$3,299+14.1%

$4,323-12.9%

$5,090-26.1%

Admin fee / account holder

$116

$348-66.8%

$7,360-98.4%

$269-57.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$222,435

DIVERSIFY ADVISORY SERVICES LLC1 year

Service code 16 · EIN 92-0397260

Consulting

$80,000

WEALTHSOURCE PARTNERS LLC5 years

Filed as: WEALTHSOURCE MANAGEMENT

Service code 27 · EIN 37-1797345

735 TANK FARM RD · SAN LUIS OBISPO, CA 93401

Advisory (Plan)

SIS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIS 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