Southport Engineered Systems

52
Form 5500 Data

Overview

Plan Rating

BrightScope Rating
52
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (36)
Average in Peer Group (61)
Highest in Peer Group (80)

Plan Description

Southport Engineered Systems 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 52. This plan is in the top 35% of plans for Participation Rate. Southport Engineered Systems 401k Plan currently has over 200 active participants and over $2.7M in plan assets.

Did you know?

For the average 401k participant, the 28 point difference between this plan's BrightScope Rating (52) and the top rated plan (80) could equate to:
12
Additional years of work
154,730
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address Atr, 855 Main Street, 4th Floor
  • Location
    Dubuque , IA
  • 52001
  • Industry
    Plumbing, Heating, and Air-Conditioning Contractors
  • Administrator
    Renee Spafford
  • Net Plan Assets
    $2,690,000
  • Total Participants
    210
  • Avg Account Balance
    $14,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Highest
Company Generosity:
Poor

Performance

Participation Rate:
Above Average
Salary Deferrals:
Below Avg.
Account Balance:
Poor

Design

Total Plan Cost:
Highest
Company Generosity:
Below Avg.

Performance

Participation Rate:
Great
Salary Deferrals:
Average
Account Balance:
Poor

Peer Group Plans

Company Rating
Len the Plumber 67.4
Donnelly Mechanical 57.4
East Coast Mechanical 56.0
Smith Mechanical 52.8
GSM Services 52.1
A.S.I. Hastings 50.3

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

24

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Invesco Developing Markets 14%
86%
MFS Institutional International Equity 10%
83%
BlackRock High Yield Bond 8%
20%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Investment Adviser
Global View Capital Management
Consultant
Global View Capital Management
Corporate Trustee
American Trust Retirement
Investment Adviser
American Trust Retirement
Recordkeeper
American Trust Retirement
Consultant
American Trust Retirement
Auditor
Vrakas Advisors LLC

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
Have a question about retirement plans?
Our community of registered financial advisors are standing by to share their experience.
Ask a question