Retirement plan

POWER SYSTEMS SPECIALIST, INC 401(K) PLAN ANS TRU T

Name: POWER SYSTEMS SPECIALISTS, INC - POWER SYSTEMS SPECIALIST, INC 401(K) PLAN ANS TRU T (2020) Form 5500
Creator: POWER SYSTEMS SPECIALISTS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POWER SYSTEMS SPECIALIST, INC 401(K) PLAN ANS TRU T, POWER SYSTEMS SPECIALISTS, INC

POWER SYSTEMS SPECIALISTS, INCEIN 06-1478710Plan #001PY 2020

PO BOX 1216 - MILFORD, PA 183371112570-296-4573p-s-s.comLinkedIn1-10 employeesfacilities services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+11.5% from 2019

Total participants

0.0% from 2019

Average account balance

$131,030

+11.5% from 2019

Annual return

6.05%

-8.42 pp from 2019

Benchmarks

See 1,417 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,417 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$953K

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

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

+12.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39460

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2J2E2F2G2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$16K

$2604 / participant

Other / not subdivided$16K100.0%

% of EOY assets

1.192%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$131,030

$111,301+17.7%

$112,977+16.0%

$158,982-17.6%

Participation rate

100.0%

83.5%+16.5pp

82.6%+17.4pp

82.0%+18.0pp

Annual return

6.05%

26.40%-20.3pp

24.24%-18.2pp

302.99%-296.9pp

Employer contribution / active EE

$2,993

$4,471-33.1%

$4,255-29.7%

$4,763-37.2%

Participant deferral / active EE

$7,689

$5,880+30.8%

$5,836+31.8%

$5,983+28.5%

Admin fee / account holder

$1,562

$8,392-81.4%

$6,294-75.2%

$11,252-86.1%

POWER SYSTEMS SPECIALIST, INC 401(K) PLAN ANS TRU T

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POWER SYSTEMS SPECIALIST, INC 401(K) PLAN ANS TRU T

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