Retirement plan

PENCOM SYSTEMS INCORPORATED PROFIT SHARING PLAN

Name: PENCOM SYSTEMS INCORPORATED - PENCOM SYSTEMS INCORPORATED PROFIT SHARING PLAN (2019) Form 5500
Creator: PENCOM SYSTEMS INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENCOM SYSTEMS INCORPORATED PROFIT SHARING PLAN, PENCOM SYSTEMS INCORPORATED

PENCOM SYSTEMS INCORPORATEDEIN 13-2742382Plan #001PY 2019

LOWER LEVEL, 152 REMSEN ST - BROOKLYN, NY 112014305718-923-1111pencom.comLinkedIn11-50 employeesfinancial services

Prospect flagsWind-down / frozen

How to read this page

Total assets (EOY)

$8.9M

+20.7% from 2018

Total participants

-4.9% from 2018

Average account balance

$94,618

+22.0% from 2018

Annual return

25.18%

+31.53 pp from 2018

Benchmarks

See 119,358 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,358 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.08M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

33.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$450

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

+26.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13613

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786 245 SUMMER ST · BOSTON, MA 02210	Loan Processing	$9,132

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$22K

$1450 / participant

Investment mgmt$22K100.0%

% of EOY assets

0.245%

all-in expense ratio

Categories reported

1 / 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

$94,618

$157,276-39.8%

$141,177-33.0%

$152,885-38.1%

Participation rate

73.3%

84.8%-11.5pp

82.5%-9.1pp

Annual return

25.18%

64.33%-39.2pp

71.40%-46.2pp

345.39%-320.2pp

Employer contribution / active EE

$5,262-100.0%

$4,736-100.0%

$4,763-100.0%

Participant deferral / active EE

$4,905

$7,110-31.0%

$6,710-26.9%

$5,851-16.2%

Admin fee / account holder

$231

$12,123-98.1%

$10,263-97.7%

$11,598-98.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

245 SUMMER ST · BOSTON, MA 02210

Loan Processing

$9,132

PENCOM SYSTEMS INCORPORATED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENCOM SYSTEMS INCORPORATED PROFIT SHARING 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