Retirement plan

PRO CON, INC. 401(K) PROFIT SHARING PLAN

Name: PRO CON, INC. - PRO CON, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: PRO CON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRO CON, INC. 401(K) PROFIT SHARING PLAN, PRO CON, INC.

PRO CON, INC.EIN 02-0308505Plan #002PY 2015

1359 HOOKSETT RD - HOOKSETT, NH 031061809603-623-8811proconinc.comLinkedIn51-200 employeesdesign

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$15M

No prior year

Total participants

222

No prior year

Average account balance

$98,083

No prior year

Annual return

-2.59%

No prior year

Benchmarks

See 1,997 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort1,997 peers

Snapshot2015

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$30.25M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

199

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.

94.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+16.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$487

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 3 by compensation

Provider	Service type	Compensation
NEW ENGLAND PENSION CONSULTANTS1+ years Filed as: NEW ENGLAND INVEST & RETIREMENT GRP Service code 27 231 SUTTON ST STE 2A · NORTH ANDOVER, MA 01845	Advisory (Plan)	$49,929
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$41,032
THE ANGELL PENSION GROUP, INC.1+ years Filed as: THE ANGELL PENSION GROUP, INC Service code 15 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Recordkeeping	$6,630

Plan features & details

Pension benefit codes2E2G2J2K3H2T2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$93K

$477 / participant

Investment mgmt$86K92.9%
Contract admin$7K7.1%

% of EOY assets

0.620%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ANNE M ROMANO, CPA
Auditor EIN: 010537876
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,083

$50,464+94.4%

$75,781+29.4%

$52,331+87.4%

Participation rate

64.6%

66.8%-2.2pp

75.8%-11.2pp

68.1%-3.5pp

Annual return

-2.59%

1.03%-3.6pp

9.68%-12.3pp

4.54%-7.1pp

Employer contribution / active EE

$1,546

$1,988-22.2%

$3,323-53.5%

$1,882-17.8%

Participant deferral / active EE

$4,986

$2,570+94.0%

$3,651+36.6%

$3,022+65.0%

Admin fee / account holder

$608

$1,103-44.8%

$5,299-88.5%

$592+2.8%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS1+ years

Filed as: NEW ENGLAND INVEST & RETIREMENT GRP

Service code 27

231 SUTTON ST STE 2A · NORTH ANDOVER, MA 01845

Advisory (Plan)

$49,929

NATIONWIDE1+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$41,032

THE ANGELL PENSION GROUP, INC.1+ years

Filed as: THE ANGELL PENSION GROUP, INC

Service code 15

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Recordkeeping

$6,630

PRO CON, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRO CON, 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