Retirement plan

P-VALUE COMMUNICATIONS 401(K) PLAN

Name: P-VALUE COMMUNICATIONS - P-VALUE COMMUNICATIONS 401(K) PLAN (2022) Form 5500
Creator: P-VALUE COMMUNICATIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, P-VALUE COMMUNICATIONS 401(K) PLAN, P-VALUE COMMUNICATIONS

P-VALUE COMMUNICATIONSEIN 20-1888028Plan #001PY 2022

240 CEDAR KNOLLS ROAD SUITE 200 - CEDAR KNOLLS, NJ 07927973-500-2255

Prospect flagsLow participationRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.4M

+0.8% from 2021

Total participants

176

+5.4% from 2021

Average account balance

$60,170

-20.5% from 2021

Annual return

-11.05%

-26.52 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.46M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

169

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+17.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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
HARRIS1 year Filed as: HARRIS NYDICK; GREGORY MAKOWSKI Service code 26 · EIN 22-3558384 CFS INVESTMENT ADVISORY SVCS, LLC · TOTOWA, NJ 075122332	Advisory (Participants)	$25,033
AMERITAS LIFE INSURANCE CORP1 year Service code 15 · EIN 47-0098400	Recordkeeping	$8,772

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

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.
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

3 tripped

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

$34K

$233 / participant

Investment mgmt$25K74.1%
Other / not subdivided$9K25.9%

% of EOY assets

0.457%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,170

$84,493-28.8%

$125,381-52.0%

$66,938-10.1%

Participation rate

63.4%

76.4%-13.0pp

82.4%-18.9pp

69.8%-6.4pp

Annual return

-11.05%

-8.49%-2.6pp

572.31%-583.4pp

1.58%-12.6pp

Employer contribution / active EE

$1,624

$3,554-54.3%

$4,815-66.3%

$2,545-36.2%

Participant deferral / active EE

$5,270

$6,783-22.3%

$7,448-29.2%

$4,238+24.4%

Admin fee / account holder

$275

$685-59.9%

$10,007-97.3%

$594-53.7%

Provider

Service type

Compensation

HARRIS1 year

Filed as: HARRIS NYDICK; GREGORY MAKOWSKI

Service code 26 · EIN 22-3558384

CFS INVESTMENT ADVISORY SVCS, LLC · TOTOWA, NJ 075122332

Advisory (Participants)

$25,033

AMERITAS LIFE INSURANCE CORP1 year

Service code 15 · EIN 47-0098400

Recordkeeping

$8,772

P-VALUE COMMUNICATIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

P-VALUE COMMUNICATIONS 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