Security Services Holdings 401(k) match, vesting and fees
What Security Services Holdings' 401(k) plan says about matching contributions
The Company may make discretionary matching contributions equal to 100% of participant contributions that do not exceed 3% of compensation plus 50% of contributions between 3% and 5% of compensation. The Company makes separate discretionary matching contributions for security guards and officers equal to 25% of up to 5% of compensation. Any administrative staff may receive the discretionary matching contribution equal to 100% of participant contributions that do not exceed 3% of compensation plus 50% of contributions between 3% and 5% of compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 32 ↗ |
| Roth contributions | Participants may also make Roth contributions to the Plan. | Audit report, p. 32 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. A participant may only have one loan outstanding at any time and refinancing is permitted. Loans are secured by the balance in a participant’s account. The loan interest rate, determined quarterly, is set at 1% above the prime rate, as defined. | Audit report, p. 33 ↗ |
| Recordkeeper | Voya Retirement Insurance & Annuity | Schedule C ↗ |
| Independent auditor | Uhy LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 277 defined-contribution plans in administrative, support and waste management services with 1,000 to 4,999 participants.
| Security Services Holdings: employer contribution per participant | $517 | |
| Peer median | $1,484 |
| Security Services Holdings: average balance | $23,090 | |
| Peer median | $40,395 |
| Security Services Holdings: admin expenses ÷ assets | 0.11% | |
| Peer median | 0.34% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $33.8M at the end of plan year 2023 to $38.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 8,723 | $38.7M | $866K | $517 | 0.11% | Quoted in the audit report, p. 32 ↗ | Form 5500 ↗ |
| 2023 | 6,600 | $33.8M | $758K | $469 | 0.12% | Not published | Form 5500 ↗ |
Common questions
Does Security Services Holdings match 401(k) contributions?
The audit report attached to the Protos Security 401(k) Plan's plan year 2024 Form 5500, page 32 says: “The Company may make discretionary matching contributions equal to 100% of participant contributions that do not exceed 3% of compensation plus 50% of contributions between 3% and 5% of compensation. The Company makes separate discretionary matching contributions for security guards and officers equal to 25% of up to 5% of compensation. Any administrative staff may receive the discretionary matching contribution equal to 100% of participant contributions that do not exceed 3% of compensation plus 50% of contributions between 3% and 5% of compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Security Services Holdings 401(k) match vested?
The vesting schedule for the Protos Security 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Security Services Holdings 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Voya Retirement Insurance & Annuity. The plan administrator is Security Services Holdings LLC.
I left Security Services Holdings. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Security Services Holdings LLC, (866) 403-9630) or the recordkeeper, Voya Retirement Insurance & Annuity. The Security Services Holdings old 401(k) page lists the contacts from every plan filing. Find an old Security Services Holdings 401(k)
Data from the public Form 5500 annual reports Security Services Holdings filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Security Services Holdings. Not financial advice. Report a correction · Methodology