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Filing

Sevan Multi-Site Solutions Inc. 401(K) Plan

Sevan Multi-Site Solutions Inc. • EIN 27-5107237 • Plan year 2020

Company ProfileSource Archive
Filing Insights

Participants

Flat

361 → 361

0 • 0.00%

Assets

Up

$0 → $22,293,880

$22,293,880

Investment Management Fee

0.02%

$3,408

Admin expenses $3,408 • Total expenses $1,167,425

Filing Details

Context
Net investment result
$3,438,695
Pension payor EIN
94-1687665

Status Flags

Fidelity bond in place

No

Limited-scope audit performed

No

Contributions transmitted on time

No

Participant loans in default

No

Leases in default

No

Reportable party-in-interest issues

No

Loss discovered during year

No

Assets with undetermined value

No

Non-cash contributions

No

Assets held for investment

Yes

5% transactions reported

No

All plan assets distributed

No

Benefits paid when due

No

Plan blackout period

No

Plan termination resolution adopted

No

Counterparties
Known direct compensation$3,4080.02%
ProviderServicesLocationDirect CompensationRelated
MERRILL LYNCH, PIERCE, FENNER AND SEIN 13-5674085Contract administration, Service code 59, Service code 60, Service code 62, Service code 72-$3,4080.02%Merrill Lynch Pierce Fenner & Smith Inc.

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
20242343$33,936,931$4,652,860$13,565iApproximate average salary by contribution assumption: employee only about $339,130 at 4% or $226,086 at 6%; with 50% employer match about $226,086 at 4% or $150,724 at 6%; with 100% employer match about $169,565 at 4% or $113,043 at 6%.
Sevan Multi-Site Solutions Inc. 401(K) Plan-312$33,936,931$4,652,860$14,913iApproximate average salary by contribution assumption: employee only about $372,825 at 4% or $248,550 at 6%; with 50% employer match about $248,550 at 4% or $165,700 at 6%; with 100% employer match about $186,413 at 4% or $124,275 at 6%.
Sevan Multi-Site Solutions Inc. Health and Welfare Benefit Plan-343---
20232457$30,631,866$5,464,340$11,957iApproximate average salary by contribution assumption: employee only about $298,925 at 4% or $199,283 at 6%; with 50% employer match about $199,283 at 4% or $132,855 at 6%; with 100% employer match about $149,462 at 4% or $99,642 at 6%.
Sevan Multi-Site Solutions Inc. 401(K) Plan-449$30,631,866$5,464,340$12,170iApproximate average salary by contribution assumption: employee only about $304,251 at 4% or $202,834 at 6%; with 50% employer match about $202,834 at 4% or $135,222 at 6%; with 100% employer match about $152,125 at 4% or $101,417 at 6%.
Sevan Multi-Site Solutions Inc. Health and Welfare Benefit Plan-457---
20222405$23,472,330$4,868,050$12,020iApproximate average salary by contribution assumption: employee only about $300,497 at 4% or $200,331 at 6%; with 50% employer match about $200,331 at 4% or $133,554 at 6%; with 100% employer match about $150,248 at 4% or $100,166 at 6%.
Sevan Multi-Site Solutions Inc. 401(K) Plan-393$23,472,330$4,868,050$12,387iApproximate average salary by contribution assumption: employee only about $309,672 at 4% or $206,448 at 6%; with 50% employer match about $206,448 at 4% or $137,632 at 6%; with 100% employer match about $154,836 at 4% or $103,224 at 6%.
Sevan Multi-Site Solutions Inc. Health and Welfare Benefit Plan-405---
20212356$26,925,113$4,002,795$11,244iApproximate average salary by contribution assumption: employee only about $281,095 at 4% or $187,397 at 6%; with 50% employer match about $187,397 at 4% or $124,931 at 6%; with 100% employer match about $140,548 at 4% or $93,698 at 6%.
Sevan Multi-Site Solutions Inc. 401(K) Plan-341$26,925,113$4,002,795$11,738iApproximate average salary by contribution assumption: employee only about $293,460 at 4% or $195,640 at 6%; with 50% employer match about $195,640 at 4% or $130,427 at 6%; with 100% employer match about $146,730 at 4% or $97,820 at 6%.
Sevan Multi-Site Solutions Inc. Health and Welfare Benefit Plan-356---
20203361$22,293,880$1,757,117$4,867iApproximate average salary by contribution assumption: employee only about $121,684 at 4% or $81,123 at 6%; with 50% employer match about $81,123 at 4% or $54,082 at 6%; with 100% employer match about $60,842 at 4% or $40,561 at 6%.
Sevan Multi-Site Solutions Inc. 401(K) PlanCurrent361$22,293,880$1,757,117$4,867iApproximate average salary by contribution assumption: employee only about $121,684 at 4% or $81,123 at 6%; with 50% employer match about $81,123 at 4% or $54,082 at 6%; with 100% employer match about $60,842 at 4% or $40,561 at 6%.
SEVAN MULTI-SITE SOLUTIONS, INC. BASIC LIFE AND AD&D PLAN-0---
SEVAN MULTI-SITE SOLUTIONS, INC. IDI PLAN-0---
20191366$0$0-
SEVAN MULTI-SITE SOLUTIONS, INC. BASIC LIFE AND AD&D PLAN-366---
Schedule Details

Schedule C

Schedule C Provider

MERRILL LYNCH, PIERCE, FENNER AND S

RECORDKEEPER • EIN 13-5674085

Direct compensation$3,408
Contract administrationService code 59Service code 60Service code 62Service code 72
Indirect compensationYes
Source fields
Row 1
Service code: Contract administration
Service code
Contract administration
Row 2
Service code: Service code 59
Service code
Service code 59
Row 3
Service code: Service code 60
Service code
Service code 60
Row 4
Service code: Service code 62
Service code
Service code 62
Row 5
Service code: Service code 72
Service code
Service code 72
MERRILL LYNCH, PIERCE, FENNER AND S
Other provider name
MERRILL LYNCH, PIERCE, FENNER AND S
Other provider EIN
13-5674085
Relationship to employer or plan
RECORDKEEPER
Direct compensation
$3,408
Indirect compensation reported
Yes
Provider Other Elig Indicator Comp Indicator
Yes
Provider Other Total Indicator Comp Amount
$0

Schedule C Provider

Provider 2

Provider details

Source fields
Row 7
Excluded provider reported
No

Schedule D

Row 1
DFE P1 Entity Name
PUTNAM STABLE VALUE FUND CLASS 20
DFE P1 Spons Name
PUTNAM FIDUCIARY TRUST COMPANY
DFE P1 Plan EIN
04-3159710
DFE P1 Plan Plan number
202
DFE P1 Entity Code
C
DFE P1 Plan Interest End of year Amount
$526,477
Row 2
Schedule D Plan Year Begin Date
2020-07-15
Schedule D Tax Period
2020-12-31
Schedule D Plan number
001
Schedule D EIN
27-5107237

Schedule H

Schedule H Financial Statement

Large plan result

Assets, contributions, fees, audit, and compliance fields reported for this large-plan filing.

End-of-year assets$22,293,880$22,293,880 change

Balance Sheet

Beginning and end of plan year.

Total assets$0$22,293,880Increase +$22,293,880
Total liabilities$0$0No change $0
Net assets$0$22,293,880Increase +$22,293,880

Contributions

Employer contributions$723,181
Participant contributions$1,032,040
Other contributions$1,896
Total contributions$1,757,117

Income & Investment Result

Total income$4,606,120
Interest$12,462
Dividends$644,184
Net income$3,438,695

Expenses & Fees

Benefits paid$1,163,797
Administrative expenses$3,408
Total expenses$1,167,425

Accountant

Limited auditNo

Compliance

Fidelity bondNo
Participant loans$593,131
Late contributionsNo
Schedule H source fields
Row 1
Total assets at beginning of year: $0Total assets at end of year: $22,293,880Total liabilities at end of year: $0Net income or loss: $3,438,695
Schedule H Plan Year Begin Date
2020-07-15
Schedule H Tax Period
2020-12-31
Schedule H Plan number
001
Schedule H EIN
27-5107237
Total assets at beginning of year
$0
Total liabilities at beginning of year
$0
Net assets at beginning of year
$0
Non Interest Bear Cash End of year Amount
$150
Other Receivables End of year Amount
$0
Interest Bear Cash End of year Amount
$-128,335
Govt Sec End of year Amount
$0
Corp Debt Preferred End of year Amount
$0
Corp Debt Other End of year Amount
$0
Pref Stock End of year Amount
$0
Common Stock End of year Amount
$0
Joint Venture End of year Amount
$0
Real Estate End of year Amount
$0
Other Loans End of year Amount
$0
Participant loans at end of year
$593,131
Interest Common Tr End of year Amount
$526,477
Interest in registered investment companies at end of year
$21,302,457
Oth Investment End of year Amount
$0
Employer Sec End of year Amount
$0
Total assets at end of year
$22,293,880
Total liabilities at end of year
$0
Net assets at end of year
$22,293,880
Employer contributions
$723,181
Participant contributions
$1,032,040
Oth Contribution Rcvd Amount
$1,896
Non Cash Contribution Bs Amount
$0
Total contributions
$1,757,117
Interest Bear Cash Amount
$0
Interest On Govt Sec Amount
$0
Interest On Corp Debt Amount
$0
Interest on participant loans
$12,462
Interest On Oth Investment Amount
$0
Total interest income
$12,462
Divnd Pref Stock Amount
$0
Divnd Common Stock Amount
$0
Registered investment income
$644,184
Total dividend income
$644,184
Aggregate Proceeds Amount
$0
Aggregate Costs Amount
$0
Net gain or loss on sale of assets
$0
Unrealized Apprctn Oth Amount
$0
Net unrealized appreciation or depreciation
$0
Gain Loss Com Trust Amount
$5,379
Gain Loss Pool Sep Amount
$0
Gain or loss on registered investments
$2,189,536
Other Income Amount
$-2,558
Total income
$4,606,120
Participant distributions
$1,163,797
Oth Bnft Payment Amount
$0
Total benefit distributions
$1,163,797
Total Corrective Distribution Amount
$220
Total Deemed Distr Part Lns Amount
$0
Total Interest Expense Amount
$0
Other Admin Fees Amount
$3,408
Total administrative expenses
$3,408
Total expenses
$1,167,425
Net income or loss
$3,438,695
Total Transfers To Amount
$18,855,185
Transfers from other plans
$0
Account Opin Not On File Indicator
No
Failed to transmit participant contributions on time
No
Participant loans in default
No
Leases in default
No
Nonexempt transactions with parties in interest
No
Fidelity bond in place
No
Loss discovered during year
No
Assets with undetermined value
No
Non-cash contributions reported
No
Assets held for investment
Yes
Reportable 5% transactions
No
All plan assets distributed
No
Failed to provide benefits when due
No
Blackout period occurred
No
Resolution to terminate plan adopted
No
Limited-scope audit performed
No
Account Perf Limited Audit 103 12 Indicator
No
Account Perf Not Limited Audit Indicator
No

Schedule R

Schedule R Pension Information

Retirement plan characteristics

Testing, payor, opinion-letter, and transfer information reported with the filing.

Pension & Payor

Payor EIN94-1687665

Transfers

Asset/liability transferNo
Liabilities in multiple plansNo
Distributed property value$0
Schedule R source fields
Payor 94-1687665
Schedule R Plan Year Begin Date
2020-07-15
Schedule R Tax Period
2020-12-31
Schedule R Plan number
001
Schedule R EIN
27-5107237
Pension Value Dstrb Pd Property Amount
$0
Pension payor EIN
94-1687665
Asset or liability transfer
No
Liability shared by multiple plans
No
Pension Change Prev Yr Indicator
No
Pension Change 2Nd Prev Yr Indicator
No

Filing received by DOL Oct 14, 2021