Retirement plan

PROCACCIANTI COMPANIES, INC. 401(K) PLAN

Name: TPG COMPANIES, INC. - PROCACCIANTI COMPANIES, INC. 401(K) PLAN (2022) Form 5500
Creator: TPG COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROCACCIANTI COMPANIES, INC. 401(K) PLAN, TPG COMPANIES, INC.

TPG COMPANIES, INC.EIN 20-4021766Plan #001PY 2022

1140 RESERVOIR AVENUE - CRANSTON, RI 02920401-946-4600

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$20.5M

-28.3% from 2021

Total participants

156

-20.4% from 2021

Average account balance

$158,639

-8.8% from 2021

Annual return

-15.73%

-31.86 pp from 2021

Benchmarks

See 1,010 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,010 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.42M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

219

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.31M

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

+15.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$547

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
ROCKLAND TRUST4 years Service code 99 · EIN 04-1782600	Other Fees	$28,000
THE ANGELL PENSION GROUP, INC.2 years Filed as: ANGELL PENSION GROUP Service code 49 88 BOYD AVENUE · EAST PROVIDENCE, RI 02814	Other Services	$12,007

Plan features & details

Pension benefit codes2A2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$131K

$1288 / participant

Other / not subdivided$131K100.0%

% of EOY assets

0.642%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158,639

$59,105+168.4%

$159,991-0.8%

$66,930+137.0%

Participation rate

73.5%

68.1%+5.4pp

78.0%-4.4pp

69.8%+3.7pp

Annual return

-15.73%

-12.26%-3.5pp

408.82%-424.6pp

1.57%-17.3pp

Employer contribution / active EE

$2,539

$1,983+28.1%

$4,225-39.9%

$2,545-0.2%

Participant deferral / active EE

$7,592

$4,395+72.8%

$6,183+22.8%

$4,238+79.1%

Admin fee / account holder

$1,019

$591+72.4%

$8,715-88.3%

$593+71.7%

Provider

Service type

Compensation

ROCKLAND TRUST4 years

Service code 99 · EIN 04-1782600

Other Fees

$28,000

THE ANGELL PENSION GROUP, INC.2 years

Filed as: ANGELL PENSION GROUP

Service code 49

88 BOYD AVENUE · EAST PROVIDENCE, RI 02814

Other Services

$12,007

PROCACCIANTI COMPANIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROCACCIANTI COMPANIES, 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