Department of Labor filing

SALES PARTNERSHIPS, INC.

SPI 401(K) PLAN · For the plan year ended Dec 31, 2023

Public filing 2023 · received Aug 8, 2024Verified current terms Not available

Plan at a glance

How good does the filing look?

25filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$625

Reported employer contributions per active participant.

Higher than about 12% of comparable plans

#People in the filing

Active participants reported for 2023.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$136 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 55% of comparable plans

↗Investment performance

Not available

Plan assets changed -1.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202325out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions12th percentileTypical peer $3,325 · based on 1,226 comparable plans

Lower reported administrative expense55th percentileTypical peer $160 · based on 1,295 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2023, SALES PARTNERSHIPS, INC. reported $36,233 in employer contributions across the plan and 58 active participants. That works out to $625 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy78%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 46.9%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 374.6%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context25/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $36,233
Participant contributions: $224,356
Other contributions: $23,828
Employer share of reported contributions: 13.9%
Beginning assets: $1,249,921
Ending assets: $1,228,183
Ending net assets: $1,228,183
Ending liabilities: $0
Total income: $501,840
Total expenses: $523,578
Administrative expenses: $26,507
Participant loans: $34,556

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$425

2023

$625

Plan-paid administrative expenses per participant

2022

$29

2023

$136

Active participants

2022

123

2023

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2023	$625	58	1.2M	20240808091235NAL0002736195001
2022	$425	123	1.2M	20230919122529NAL0000816576001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 2.8%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 030515190-002

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Sep 1, 2017
Industry: Professional, scientific, and technical services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
EMPOWER ANNUITY INSURANCE CO OF AME	2023	Not reported	unknown

Current plan terms

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Filing ACK_ID20240808091235NAL0002736195001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗