Retirement plan

PRIESTLY FRATERNITY OF SAINT PETER 401K PROFIT SHARING PLAN & TRUST

Name: PRIESTLY FRATERNITY OF SAINT PETER, INC. - PRIESTLY FRATERNITY OF SAINT PETER 401K PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: PRIESTLY FRATERNITY OF SAINT PETER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRIESTLY FRATERNITY OF SAINT PETER 401K PROFIT SHARING PLAN & TRUST, PRIESTLY FRATERNITY OF SAINT PETER, INC.

PRIESTLY FRATERNITY OF SAINT PETER, INC.EIN 06-1271475Plan #001PY 2023

450 VENARD ROAD - S. ABINGTON TOWNSHIP, PA 18411570-842-4000LinkedIn1-10 employeesreligious institutions

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$7.1M

+15.9% from 2022

Total participants

168

+2.4% from 2022

Average account balance

$48,474

+15.9% from 2022

Annual return

15.97%

+32.86 pp from 2022

Benchmarks

See 1,919 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,919 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.06M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

144

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.

74.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$166K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$975

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

+15.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$435

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
LANCE SOLL & LUNGHARD LLP2 years Filed as: LANCE E. PETERS Service code 27 1411 LONE EAGLE WAY · ARLINGTON, TX 76005	Advisory (Plan)	$25,708
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$24,413
FOSTER & FOSTER3 years Filed as: FOSTER & FOSTER CONSULTING Service code 13 13420 PARKER COMMONS BLVD. · FT. MEYERS, FL 33912	Contract Administrator	$1,677
R. P. MILLS ASSOCIATES, INC.1 year Filed as: R P MILLS ASSOCIATES INC Service code 13 4140 SAND SPRING ROAD · SCHNECKSVILLE, PA 18078	Contract Administrator	$1,637

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$50K

$325 / participant

Recordkeeping$24K49.1%
Investment mgmt$26K51.7%

% of EOY assets

0.703%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: KOHANSKI & CO., PC
Auditor EIN: 832620517
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,474

$58,264-16.8%

$86,612-44.0%

$71,457-32.2%

Participation rate

85.6%

65.0%+20.6pp

71.7%+13.9pp

67.9%+17.7pp

Annual return

15.97%

21.63%-5.7pp

591.07%-575.1pp

28.85%-12.9pp

Employer contribution / active EE

$641

$2,574-75.1%

$3,022-78.8%

$2,588-75.2%

Participant deferral / active EE

$331

$3,436-90.4%

$4,438-92.5%

$4,289-92.3%

Admin fee / account holder

$341

$1,057-67.8%

$5,614-93.9%

$1,587-78.5%

Provider

Service type

Compensation

LANCE SOLL & LUNGHARD LLP2 years

Filed as: LANCE E. PETERS

Service code 27

1411 LONE EAGLE WAY · ARLINGTON, TX 76005

Advisory (Plan)

$25,708

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$24,413

FOSTER & FOSTER3 years

Filed as: FOSTER & FOSTER CONSULTING

Service code 13

13420 PARKER COMMONS BLVD. · FT. MEYERS, FL 33912

Contract Administrator

$1,677

R. P. MILLS ASSOCIATES, INC.1 year

Filed as: R P MILLS ASSOCIATES INC

Service code 13

4140 SAND SPRING ROAD · SCHNECKSVILLE, PA 18078

Contract Administrator

$1,637

PRIESTLY FRATERNITY OF SAINT PETER 401K PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRIESTLY FRATERNITY OF SAINT PETER 401K PROFIT SHARING PLAN & TRUST

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