Retirement plan

PTM MANAGEMENT CORP. 401K PROFIT SHARING PLAN

Name: PTM MANAGEMENT CORP. - PTM MANAGEMENT CORP. 401K PROFIT SHARING PLAN (2019) Form 5500
Creator: PTM MANAGEMENT CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PTM MANAGEMENT CORP. 401K PROFIT SHARING PLAN, PTM MANAGEMENT CORP.

PTM MANAGEMENT CORP.EIN 11-3620341Plan #002PY 2019

94-01 150 ST. - JAMAICA, NY 11435718-558-0808LinkedIn1-10 employeestransportation/trucking/railroad

Other plans on this EIN

1 filing

#003Retirement-$11.9M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5.7M

+25.5% from 2018

Total participants

268

+3.1% from 2018

Average account balance

$45,950

+23.5% from 2018

Annual return

19.52%

+25.07 pp from 2018

Benchmarks

See 1,095 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,095 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.54M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

111

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.

22.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$527K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.39%

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

1 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 codes2G2J2K3H

Plan features

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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: RGNC&S CERTIFIED PUBLIC ACCOUNTANT
Auditor EIN: 261525737
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,950

$47,922-4.1%

$75,900-39.5%

$65,186-29.5%

Participation rate

28.7%

63.0%-34.3pp

69.3%-40.6pp

70.2%-41.5pp

Annual return

19.52%

24.12%-4.6pp

30.73%-11.2pp

29.39%-9.9pp

Employer contribution / active EE

$690

$1,557-55.7%

$2,501-72.4%

$2,177-68.3%

Participant deferral / active EE

$1,772

$2,550-30.5%

$3,604-50.8%

$3,514-49.6%

Admin fee / account holder

$532-100.0%

$5,421-100.0%

$847-100.0%

PTM MANAGEMENT CORP. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PTM MANAGEMENT CORP. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion