Retirement plan

PSYCHOGENICS, INC. 401(K) PLAN

Name: PSYCHOGENICS INC. - PSYCHOGENICS, INC. 401(K) PLAN (2017) Form 5500
Creator: PSYCHOGENICS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PSYCHOGENICS, INC. 401(K) PLAN, PSYCHOGENICS INC.

PSYCHOGENICS INC.EIN 14-1989159Plan #001PY 2017

215 COLLEGE RD - PARAMUS, NJ 07652914-406-8000psychogenics.comLinkedIn51-200 employeesresearch

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.5M

+22.4% from 2016

Total participants

123

0.0% from 2016

Average account balance

$70,096

+15.8% from 2016

Annual return

14.69%

+5.57 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.25M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

229

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+16.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$251

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

Top 2 by compensation

Provider	Service type	Compensation
ANDALUSIAN WEALTH MANAGEMENT, LLC3+ years Service code 27 · EIN 46-4510374	Advisory (Plan)	$28,932
CORRELL CO.3+ years Filed as: CORRELL CO Service code 15 · EIN 36-3492086	Recordkeeping	$11,768

Plan features & details

Pension benefit codes2E2F2G2J2K3D3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$41K

$442 / participant

Investment mgmt$29K71.1%
Other / not subdivided$12K28.9%

% of EOY assets

0.624%

all-in expense ratio

Categories reported

1 / 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: FRIEDMAN LLP
Auditor EIN: 131610809
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,096

$85,766-18.3%

$136,298-48.6%

$70,1260%

Participation rate

67.4%

74.2%-6.8pp

81.9%-14.5pp

69.5%-2.1pp

Annual return

14.69%

31.46%-16.8pp

5156.27%-5141.6pp

73.15%-58.5pp

Employer contribution / active EE

$1,688

$2,966-43.1%

$4,696-64.1%

$2,343-27.9%

Participant deferral / active EE

$6,379

$5,051+26.3%

$6,247+2.1%

$3,332+91.4%

Admin fee / account holder

$438

$5,421-91.9%

$9,244-95.3%

$4,645-90.6%

Provider

Service type

Compensation

ANDALUSIAN WEALTH MANAGEMENT, LLC3+ years

Service code 27 · EIN 46-4510374

Advisory (Plan)

$28,932

CORRELL CO.3+ years

Filed as: CORRELL CO

Service code 15 · EIN 36-3492086

Recordkeeping

$11,768

PSYCHOGENICS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PSYCHOGENICS, INC. 401(K) 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