Retirement plan

PASONA NA, INC. 401(K) PLAN

Name: PASONA NA, INC. - PASONA NA, INC. 401(K) PLAN (2019) Form 5500
Creator: PASONA NA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PASONA NA, INC. 401(K) PLAN, PASONA NA, INC.

PASONA NA, INC.EIN 06-1321072Plan #001PY 2019

21515 HAWTHORNE BLVD, SUITE 1100 - TORRANCE, CA 90503424-398-5555pasona.comLinkedIn51-200 employeesstaffing and recruiting

Prospect flagsLow participationRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$3M

+47.2% from 2018

Total participants

224

+4.2% from 2018

Average account balance

$25,602

+23.1% from 2018

Annual return

26.36%

+33.11 pp from 2018

Benchmarks

See 1,045 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,045 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.88M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

167

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.

54.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+17.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$286

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 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 1 NEW YORK PLZ · NEW YORK, NY 10004	Other Commissions	$6,564
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8151 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$5,500
THE BENEFIT PRACTICE3 years Service code 13 · EIN 13-4144565 1055 WASHINGTON BLVD · STAMFORD, CT 06901	Contract Administrator	$3,430
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,151
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY INSURANCE SERVICES I Service code 55 1 NEW YORK PLZ · NEW YORK, NY 10004	Other Commissions	$437

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

Plan features

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.
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.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$8K

$45 / participant

Contract admin$8K100.0%

% of EOY assets

0.263%

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: EOS ACCOUNTANTS LLP
Auditor EIN: 223462644
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,602

$38,365-33.3%

$84,623-69.7%

$65,185-60.7%

Participation rate

37.2%

55.7%-18.4pp

68.2%-31.0pp

70.2%-33.0pp

Annual return

26.36%

32.00%-5.6pp

258.77%-232.4pp

29.38%-3.0pp

Employer contribution / active EE

$1,062

$1,258-15.6%

$2,652-60.0%

$2,177-51.2%

Participant deferral / active EE

$2,859

$2,278+25.5%

$3,899-26.7%

$3,514-18.6%

Admin fee / account holder

$67

$451-85.1%

$4,913-98.6%

$847-92.1%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

1 NEW YORK PLZ · NEW YORK, NY 10004

Other Commissions

$6,564

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8151 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$5,500

THE BENEFIT PRACTICE3 years

Service code 13 · EIN 13-4144565

1055 WASHINGTON BLVD · STAMFORD, CT 06901

Contract Administrator

$3,430

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,151

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY INSURANCE SERVICES I

Service code 55

1 NEW YORK PLZ · NEW YORK, NY 10004

Other Commissions

$437

PASONA NA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PASONA NA, INC. 401(K) 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