Retirement plan

PREFERRED PENSION ALLIANCE MULTIPLE EMPLOYER PLAN

Name: GET NOTICED PROMOTIONS - PREFERRED PENSION ALLIANCE MULTIPLE EMPLOYER PLAN (2024) Form 5500
Creator: GET NOTICED PROMOTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREFERRED PENSION ALLIANCE MULTIPLE EMPLOYER PLAN, GET NOTICED PROMOTIONS

GET NOTICED PROMOTIONSEIN 16-1614518Plan #001PY 2024

233 FILLMORE AVENUE, SUITE 16 - TONAWANDA, NY 14150716-685-1138getnoticedpromotions.comLinkedIn11-50 employeesmarketing and advertising

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$209K

+41.5% from 2023

Total participants

-10.0% from 2023

Average account balance

$69,710

+41.5% from 2023

Annual return

10.63%

-5.44 pp from 2023

Benchmarks

See 143,710 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$209K

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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

$46K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.63%

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

0 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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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

$69,710

$160,040-56.4%

$147,096-52.6%

$145,877-52.2%

Participation rate

33.3%

84.0%-50.7pp

82.2%-48.8pp

80.3%-47.0pp

Annual return

10.63%

98.49%-87.9pp

419.75%-409.1pp

551.28%-540.7pp

Employer contribution / active EE

$993

$5,289-81.2%

$4,936-79.9%

$4,663-78.7%

Participant deferral / active EE

$4,072

$8,429-51.7%

$8,071-49.6%

$6,691-39.1%

Admin fee / account holder

$15,050-100.0%

$13,005-100.0%

$13,402-100.0%

PREFERRED PENSION ALLIANCE MULTIPLE EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PREFERRED PENSION ALLIANCE MULTIPLE EMPLOYER 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