Retirement plan

THE RETIRESMART PEP

Name: PENTEGRA SERVICES, INC. - THE RETIRESMART PEP (2024) Form 5500
Creator: PENTEGRA SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RETIRESMART PEP, PENTEGRA SERVICES, INC.

PENTEGRA SERVICES, INC.EIN 13-3745616Plan #009PY 2024

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

Other plans on this EIN

10 filings

#006Retirement-$192.1M assets #004Retirement-$49.6M assets #007Retirement-$35.6M assets #014Retirement-$19.0M assets #008Retirement-$13.9M assets #010Retirement-$13.5M assets #015Retirement-$11.4M assets #016Retirement-$9.8M assets #011Retirement-$5.5M assets #012Retirement-$2.2M assets

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

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)

$25.5M

-100.0% from 2023

Total participants

1,800

-100.0% from 2023

Average account balance

$30,119

-100.0% from 2023

Annual return

195.73%

0.00 pp from 2023

Benchmarks

See 609 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort609 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.48M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

846

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.

39.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.80M

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

+195.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$209

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
TRANSAMERICA RETIREMENT SOLUTIONS2 years Service code 15 · EIN 13-3689044	Recordkeeping	$74,220
PENTEGRA SERVICES, INC.2 years Filed as: PENTEGRA SERVICES INC. Service code 15 · EIN 13-3745616	Recordkeeping	$62,944
GLOBAL RETIREMENT PARTNERS LLC1 year Service code 27 · EIN 47-1411118	Advisory (Plan)	$10,763
EQUITABLE ADVISORS LLC2 years Service code 27 · EIN 13-4078005	Advisory (Plan)	$10,094
CREATIVE PLANNING LLC2 years Filed as: CREATIVE PLANNING Service code 27 · EIN 84-4519624	Advisory (Plan)	$8,224

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T2W3B3D2A

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.
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.

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$177K

$112 / participant

Recordkeeping$74K42.0%
Investment mgmt$38K21.3%
Contract admin$63K35.6%
Other / not subdivided$2K1.1%

% of EOY assets

0.694%

all-in expense ratio

Categories reported

3 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,119

$122,585-75.4%

$184,256-83.7%

$200,096-84.9%

Participation rate

39.4%

86.9%-47.6pp

86.8%-47.4pp

72.0%-32.6pp

Annual return

195.73%

144.12%+51.6pp

28.85%+166.9pp

34.26%+161.5pp

Employer contribution / active EE

$757

$4,571-83.4%

$6,427-88.2%

$3,038-75.1%

Participant deferral / active EE

$1,655

$7,972-79.2%

$9,133-81.9%

$5,090-67.5%

Admin fee / account holder

$209

$120+74.0%

$13,899-98.5%

$269-22.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Service code 15 · EIN 13-3689044

Recordkeeping

$74,220

PENTEGRA SERVICES, INC.2 years

Filed as: PENTEGRA SERVICES INC.

Service code 15 · EIN 13-3745616

Recordkeeping

$62,944

GLOBAL RETIREMENT PARTNERS LLC1 year

Service code 27 · EIN 47-1411118

Advisory (Plan)

$10,763

EQUITABLE ADVISORS LLC2 years

Service code 27 · EIN 13-4078005

Advisory (Plan)

$10,094

CREATIVE PLANNING LLC2 years

Filed as: CREATIVE PLANNING

Service code 27 · EIN 84-4519624

Advisory (Plan)

$8,224

THE RETIRESMART PEP

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RETIRESMART 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