Retirement plan

THE GRATITUDE PEP

Name: PENTEGRA SERVICES, INC - THE GRATITUDE PEP (2023) Form 5500
Creator: PENTEGRA SERVICES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE GRATITUDE PEP, PENTEGRA SERVICES, INC

PENTEGRA SERVICES, INCEIN 13-3745616Plan #007PY 2023

701 WESTCHESTER AVE, SUITE 320E - WHITE PLAINS, NY 10604844-367-2848pentegra.comLinkedIn201-500 employeesfinancial services

Other plans on this EIN

8 filings

#006Retirement-$68.0M assets #008Retirement-$13.2M assets #004Retirement-$10.3M assets #009Retirement-$8.0M assets #001Retirement-$1.7M assets #011Retirement-$861K assets #010Retirement--#012Retirement--

Prospect flagsHigh feesRecently reached 100 employeesFailed to transmit contributions

Top hat statement on fileNQDC

Filed January 29, 2009

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$22.3M

-75.5% from 2023

Total participants

275

-70.9% from 2023

Average account balance

$80,919

+10.4% from 2023

Annual return

300.66%

-300.66 pp from 2023

Benchmarks

See 1,521 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,521 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.59M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

432

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.

82.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.46M

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

+66.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$505

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
BIDDLE CAPITAL MANAGEMENT1 year Filed as: BIDDLE CAPITAL MANAGERMENT Service code 27 5807 KENNETT PIKE · WILMINGTON, DE 19807	Advisory (Plan)	$72,621
PENTEGRA SERVICES, INC.1 year Filed as: PENTEGRA SERVICES INC Service code 13 701 WESTCHESTER AVE STE 320E · WHITE PLAINS, NY 10604	Contract Administrator	$33,796
LIMESTONE PENSION ASSOCIATES, LLC1 year Service code 99 1407 FOULK ROAD · WILMINGTON, DE 198032755	Other Fees	$2,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111	Investment Management	$1,766
BENEFIT TRUST COMPANY1 year Service code 25 5901 COLLEGE BLVD STE 200 · OVERLAND PARK, KS 66211	Directed Trustee	$968

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T2W3B3D3H

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.
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.
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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$112K

$408 / participant

Recordkeeping$109K96.9%
Other / not subdivided$4K3.1%

% of EOY assets

0.504%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TEMPLETON & COMPANY, LLP
Auditor EIN: 141918990
Audit fees: $3,525
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,919

$100,272-19.3%

$170,055-52.4%

$74,478+8.6%

Participation rate

100.0%

87.4%+12.6pp

87.0%+13.0pp

70.7%+29.3pp

Annual return

300.66%

66.12%+234.5pp

53.43%+247.2pp

34.37%+266.3pp

Employer contribution / active EE

$1,696

$4,266-60.2%

$6,790-75.0%

$2,637-35.7%

Participant deferral / active EE

$4,239

$7,147-40.7%

$10,410-59.3%

$4,530-6.4%

Admin fee / account holder

$408

$235+73.7%

$12,828-96.8%

$347+17.4%

Provider

Service type

Compensation

BIDDLE CAPITAL MANAGEMENT1 year

Filed as: BIDDLE CAPITAL MANAGERMENT

Service code 27

5807 KENNETT PIKE · WILMINGTON, DE 19807

Advisory (Plan)

$72,621

PENTEGRA SERVICES, INC.1 year

Filed as: PENTEGRA SERVICES INC

Service code 13

701 WESTCHESTER AVE STE 320E · WHITE PLAINS, NY 10604

Contract Administrator

$33,796

LIMESTONE PENSION ASSOCIATES, LLC1 year

Service code 99

1407 FOULK ROAD · WILMINGTON, DE 198032755

Other Fees

$2,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111

Investment Management

$1,766

BENEFIT TRUST COMPANY1 year

Service code 25

5901 COLLEGE BLVD STE 200 · OVERLAND PARK, KS 66211

Directed Trustee

$968

THE GRATITUDE PEP

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE GRATITUDE PEP

Top hat statement on fileNQDC

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