Retirement plan

PRESTIGE EMPLOYEE ADMINISTRATORS RETIREMENT SAVINGS PLAN

Name: PRESTIGE EMPLOYEE ADMINISTRATORS, INC. - PRESTIGE EMPLOYEE ADMINISTRATORS RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: PRESTIGE EMPLOYEE ADMINISTRATORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRESTIGE EMPLOYEE ADMINISTRATORS RETIREMENT SAVINGS PLAN, PRESTIGE EMPLOYEE ADMINISTRATORS, INC.

PRESTIGE EMPLOYEE ADMINISTRATORS, INC.EIN 11-3448580Plan #333PY 2017

538 BROADHOLLOW ROAD, SUITE 311 - MELVILLE, NY 11747516-692-8505

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$78.3M

+39.5% from 2016

Total participants

2,551

+38.7% from 2016

Average account balance

$49,013

-4.8% from 2016

Annual return

34.75%

+19.98 pp from 2016

Benchmarks

See 299 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort299 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 8 by compensation

Provider	Service type	Compensation
BLUESTAR RETIREMENT SERVICES3+ years Service code 13 · EIN 59-3092339	Contract Administrator	$309,053
FIDUCIARY INVESTMENT ADVISORS3+ years Filed as: FIDUCIARY PARTNERS INVESTMENT CONSU Service code 26 · EIN 26-1370206	Advisory (Participants)	$40,885
FIDUCIARY PARTNERS RETIREMENT GROUP3+ years Service code 16 · EIN 51-0595589	Consulting	$40,885
PRESTIGE EMPLOYEE ADMINISTRATORS3+ years Service code 14 · EIN 11-3448580	Plan Administrator	$33,665
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE TRUST COMPANY Service code 19 · EIN 20-0937408	Securities Custodian	$28,647
SIGNATURE ESTATE & INVESTMENT3+ years Filed as: SIGNATURE SECURITIES GROUP Service code 26 · EIN 13-4120476	Advisory (Participants)	$11,592
DANIEL H. COOK ASSOCIATES, INC3+ years Filed as: DANIEL NESSIM Service code 26 40 CUTTERMILL ROAD, SUITE 205 · GREAT NECK, NY 11021	Advisory (Participants)	$7,926
TIM KELLY3+ years Service code 26 38 FINN AVENUE · NEWFIELDS, NH 03856	Advisory (Participants)	$7,259

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3B3H

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$486K

$224 / participant

Investment mgmt$41K8.5%
Contract admin$445K91.5%

% of EOY assets

0.621%

all-in expense ratio

Categories reported

2 / 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: SKIBBIE CPA, INC.
Auditor EIN: 270851321
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,013

$43,717+12.1%

$81,473-39.8%

$77,958-37.1%

Participation rate

56.1%

42.5%+13.6pp

68.0%-11.8pp

71.6%-15.5pp

Annual return

34.75%

23.83%+10.9pp

38.78%-4.0pp

20.87%+13.9pp

Employer contribution / active EE

$903

$919-1.7%

$2,568-64.8%

$2,310-60.9%

Participant deferral / active EE

$3,204

$1,783+79.7%

$3,537-9.4%

Admin fee / account holder

$304

$108+181.9%

$4,561-93.3%

$97+212.3%

Provider

Service type

Compensation

BLUESTAR RETIREMENT SERVICES3+ years

Service code 13 · EIN 59-3092339

Contract Administrator

$309,053

FIDUCIARY INVESTMENT ADVISORS3+ years

Filed as: FIDUCIARY PARTNERS INVESTMENT CONSU

Service code 26 · EIN 26-1370206

Advisory (Participants)

$40,885

FIDUCIARY PARTNERS RETIREMENT GROUP3+ years

Service code 16 · EIN 51-0595589

Consulting

$40,885

PRESTIGE EMPLOYEE ADMINISTRATORS3+ years

Service code 14 · EIN 11-3448580

Plan Administrator

$33,665

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE TRUST COMPANY

Service code 19 · EIN 20-0937408

Securities Custodian

$28,647

SIGNATURE ESTATE & INVESTMENT3+ years

Filed as: SIGNATURE SECURITIES GROUP

Service code 26 · EIN 13-4120476

Advisory (Participants)

$11,592

DANIEL H. COOK ASSOCIATES, INC3+ years

Filed as: DANIEL NESSIM

Service code 26

40 CUTTERMILL ROAD, SUITE 205 · GREAT NECK, NY 11021

Advisory (Participants)

$7,926

TIM KELLY3+ years

Service code 26

38 FINN AVENUE · NEWFIELDS, NH 03856

Advisory (Participants)

$7,259

PRESTIGE EMPLOYEE ADMINISTRATORS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRESTIGE EMPLOYEE ADMINISTRATORS RETIREMENT SAVINGS 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