Retirement plan

PSYCHOTHERAPEUTIC 401(K) PROFIT SHARING PLAN AND TRUST

Name: PSYCHOTHERAPEUTIC EVALUATIONAL PROGRAMS, INC. - PSYCHOTHERAPEUTIC 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: PSYCHOTHERAPEUTIC EVALUATIONAL PROGRAMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PSYCHOTHERAPEUTIC 401(K) PROFIT SHARING PLAN AND TRUST, PSYCHOTHERAPEUTIC EVALUATIONAL PROGRAMS, INC.

PSYCHOTHERAPEUTIC EVALUATIONAL PROGRAMS, INC.EIN 11-3080875Plan #001PY 2024

8460 PARSONS BOULEVARD - JAMAICA, NY 11432718-298-6161

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.1M

+39.6% from 2023

Total participants

197

+8.2% from 2023

Average account balance

$61,593

+29.6% from 2023

Annual return

12.42%

-3.94 pp from 2023

Benchmarks

See 1,573 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,573 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.07M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

196

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$433

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$41,006
OSAIC WEALTH INC2 years Filed as: OSAIC WEALTH, INC. Service code 27 10 EXCHANGE PLACE · JERSEY CITY, NJ 07302	Advisory (Plan)	$22,757
BONADIO & CO., LLP1 year Filed as: BONADIO & CO, LLP Service code 10 · EIN 16-1131146	Accounting	$9,375
SIGNATURE PENSION CONSULTING SERVIC6 years Service code 13 361 WELLINGTON ROAD · MINEOLA, NY 11501	Contract Administrator	$6,250
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,591
PAYROLL INTEGRATIONS INC1 year Filed as: PAYROLL INTEGRATIONS INC. Service code 49 · EIN 87-3934782	Other Services	$2,210
BONADIO & CO., LLP6 years Filed as: BONADIO & CO LLP Service code 10 · EIN 16-1131146	Accounting	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

$85K

$544 / participant

Recordkeeping$69K80.9%
Investment mgmt$5K5.4%
Other / not subdivided$12K13.7%

% of EOY assets

0.703%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: $9,375
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,593

$69,708-11.6%

$67,560-8.8%

$74,478-17.3%

Participation rate

99.4%

71.4%+27.9pp

72.9%+26.4pp

67.2%+32.1pp

Annual return

12.42%

-40.67%+53.1pp

3533.50%-3521.1pp

1370.56%-1358.1pp

Employer contribution / active EE

$11,538

$2,715+325.0%

$2,737+321.6%

$2,626+339.3%

Participant deferral / active EE

$4,036

$3,637+11.0%

$4,004+0.8%

$4,350-7.2%

Admin fee / account holder

$433

$887-51.2%

$3,994-89.2%

$1,946-77.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$41,006

OSAIC WEALTH INC2 years

Filed as: OSAIC WEALTH, INC.

Service code 27

10 EXCHANGE PLACE · JERSEY CITY, NJ 07302

Advisory (Plan)

$22,757

BONADIO & CO., LLP1 year

Filed as: BONADIO & CO, LLP

Service code 10 · EIN 16-1131146

Accounting

$9,375

SIGNATURE PENSION CONSULTING SERVIC6 years

Service code 13

361 WELLINGTON ROAD · MINEOLA, NY 11501

Contract Administrator

$6,250

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,591

PAYROLL INTEGRATIONS INC1 year

Filed as: PAYROLL INTEGRATIONS INC.

Service code 49 · EIN 87-3934782

Other Services

$2,210

BONADIO & CO., LLP6 years

Filed as: BONADIO & CO LLP

Service code 10 · EIN 16-1131146

Accounting

PSYCHOTHERAPEUTIC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PSYCHOTHERAPEUTIC 401(K) PROFIT SHARING PLAN AND 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