Retirement plan

EMPLOYEE BENEFIT PLAN OF SLC METER, L.L.C.

Name: SLC METER, L.L.C. - EMPLOYEE BENEFIT PLAN OF SLC METER, L.L.C. (2023) Form 5500
Creator: SLC METER, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF SLC METER, L.L.C., SLC METER, L.L.C.

SLC METER, L.L.C.EIN 99-0379312Plan #002PY 2023

3285 LAPEER ROAD WEST - AUBURN HILLS, MI 48326248-625-0667slcmeter.comLinkedIn11-50 employeesutilities

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$247K

+55.4% from 2022

Total participants

+40.0% from 2022

Average account balance

$49,498

+55.4% from 2022

Annual return

18.03%

+34.72 pp from 2022

Benchmarks

See 1,742 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,742 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$361K

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$83K

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

+12.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G2F2S2T3D

Plan features

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$3K

$439 / participant

Other / not subdivided$3K100.0%

% of EOY assets

1.243%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,498

$94,749-47.8%

$112,899-56.2%

$139,466-64.5%

Participation rate

71.4%

81.3%-9.8pp

80.5%-9.1pp

80.3%-8.9pp

Annual return

18.03%

40.92%-22.9pp

34.11%-16.1pp

373.66%-355.6pp

Employer contribution / active EE

$3,578

$4,630-22.7%

$4,566-21.6%

$4,754-24.7%

Participant deferral / active EE

$5,351

$6,517-17.9%

$6,516-17.9%

$6,712-20.3%

Admin fee / account holder

$615

$8,530-92.8%

$7,047-91.3%

$11,409-94.6%

EMPLOYEE BENEFIT PLAN OF SLC METER, L.L.C.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF SLC METER, L.L.C.

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