Retirement plan

PR MANAGEMENT, CORP. RETIREMENT PLAN

Name: PR MANAGEMENT, CORP. - PR MANAGEMENT, CORP. RETIREMENT PLAN (2019) Form 5500
Creator: PR MANAGEMENT, CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PR MANAGEMENT, CORP. RETIREMENT PLAN, PR MANAGEMENT, CORP.

PR MANAGEMENT, CORP.EIN 01-0757637Plan #001PY 2019

550 COCHITUATE ROAD, PMB 19, EAST WING- THIRD FLOOR - NEWTON, MA 01701617-259-6259

Prospect flagsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed July 22, 2015

Plan administrator

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2150 Washington Street, Suite 125

Newton State: MA Zip Code: 02462

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Plans declared (1)

PR Management Corp. Long-Term Incentive Plan3 emp

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Total assets (EOY)

$7.8M

+29.1% from 2018

Total participants

1,422

-15.3% from 2018

Average account balance

$26,503

+36.1% from 2018

Annual return

23.20%

+26.95 pp from 2018

Benchmarks

See 284 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort284 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.76M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

270

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.

12.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$776

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

+15.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
BARDON & BRACKMAN1 year Service code 10 · EIN 82-3550477	Accounting	$7,300
TRANSAMERICA RETIREMENT SOLUTIONS4 years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$5,626

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$16K

$12 / participant

Investment mgmt$3K17.5%
Other / not subdivided$13K82.5%

% of EOY assets

0.201%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BARDON & BRACKMAN CPAS AND BUSINESS
Auditor EIN: 823550477
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,503

$26,479+0.1%

$74,722-64.5%

$77,775-65.9%

Participation rate

15.2%

37.6%-22.4pp

54.5%-39.3pp

73.2%-58.0pp

Annual return

23.20%

38.31%-15.1pp

753.11%-729.9pp

32.58%-9.4pp

Employer contribution / active EE

$105

$440-76.2%

$1,084-90.4%

$2,504-95.8%

Participant deferral / active EE

$517

$1,074-51.9%

$1,963-73.7%

$3,966-87.0%

Admin fee / account holder

$53

$119-55.2%

$3,335-98.4%

$100-46.7%

Provider

Service type

Compensation

BARDON & BRACKMAN1 year

Service code 10 · EIN 82-3550477

Accounting

$7,300

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$5,626

PR MANAGEMENT, CORP. RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PR MANAGEMENT, CORP. RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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