Retirement plan

PRESERVATION MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN

Name: PRESERVATION MANAGEMENT, INC. - PRESERVATION MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: PRESERVATION MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRESERVATION MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN, PRESERVATION MANAGEMENT, INC.

PRESERVATION MANAGEMENT, INC.EIN 01-0460929Plan #001PY 2020

261 GORHAM ROAD - SOUTH PORTLAND, ME 04106207-774-0501preservationmanagement.comLinkedIn201-500 employeesreal estate

Prospect flagsLow participationLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$5.9M

+23.7% from 2019

Total participants

460

+2.2% from 2019

Average account balance

$17,694

+17.8% from 2019

Annual return

21.32%

+0.13 pp from 2019

Benchmarks

See 615 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort615 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.29M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

385

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.

79.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$983K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+17.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$145

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
VALMARK ADVISERS INC2 years Service code 27 130 SPRINGSIDE DRIVE · AKRON, OH 44333	Advisory (Plan)	$17,181
DOWNEAST PENSION SERVICES, INC.3 years Filed as: DOWNEAST PENSION SERVICES INC Service code 13 41 CAMPUS DRIVE · NEW GLOUCESTER, ME 04260	Contract Administrator	$1,825
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,200

Plan features & details

Pension benefit codes2F2G2J2K2S2T3B3D3H

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$38K

$95 / participant

Contract admin$38K100.0%

% of EOY assets

0.642%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,694

$56,152-68.5%

$185,861-90.5%

$73,412-75.9%

Participation rate

69.0%

67.6%+1.4pp

78.0%-9.0pp

72.2%-3.2pp

Annual return

21.32%

17.59%+3.7pp

35.96%-14.6pp

59.30%-38.0pp

Employer contribution / active EE

$323

$1,532-78.9%

$4,088-92.1%

$2,234-85.6%

Participant deferral / active EE

$1,446

$3,659-60.5%

$5,634-74.3%

$3,806-62.0%

Admin fee / account holder

$114

$132-14.0%

$9,503-98.8%

$158-28.1%

Provider

Service type

Compensation

VALMARK ADVISERS INC2 years

Service code 27

130 SPRINGSIDE DRIVE · AKRON, OH 44333

Advisory (Plan)

$17,181

DOWNEAST PENSION SERVICES, INC.3 years

Filed as: DOWNEAST PENSION SERVICES INC

Service code 13

41 CAMPUS DRIVE · NEW GLOUCESTER, ME 04260

Contract Administrator

$1,825

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,200

PRESERVATION MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRESERVATION MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN

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