Retirement plan

PHELAN MANAGEMENT SERVICES, INC. 401(K) PLAN

Name: PHELAN MANAGEMENT SERVICES, INC. - PHELAN MANAGEMENT SERVICES, INC. 401(K) PLAN (2021) Form 5500
Creator: PHELAN MANAGEMENT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHELAN MANAGEMENT SERVICES, INC. 401(K) PLAN, PHELAN MANAGEMENT SERVICES, INC.

PHELAN MANAGEMENT SERVICES, INC.EIN 20-0647101Plan #001PY 2021

10702 BISHOP RIDGE ROAD - TRINIDAD, CO 81082575-445-4018

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.1M

+26.6% from 2020

Total participants

-24.2% from 2020

Average account balance

$62,684

-15.6% from 2020

Annual return

14.96%

+2.24 pp from 2020

Benchmarks

See 3,927 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort3,927 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.37M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

42.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

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

+10.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1230

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 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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$62 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.370%

all-in expense ratio

Categories reported

0 / 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

$62,684

$39,036+60.6%

$80,784-22.4%

$85,851-27.0%

Participation rate

19.4%

41.6%-22.2pp

54.2%-34.8pp

69.3%-49.9pp

Annual return

14.96%

26.31%-11.3pp

87.31%-72.3pp

318.63%-303.7pp

Employer contribution / active EE

$328

$722-54.6%

$1,160-71.7%

$2,565-87.2%

Participant deferral / active EE

$1,218

$1,326-8.2%

$2,145-43.2%

$3,952-69.2%

Admin fee / account holder

$232

$2,429-90.4%

$3,380-93.1%

$6,261-96.3%

PHELAN MANAGEMENT SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHELAN MANAGEMENT SERVICES, 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