Retirement plan

PROFESSIONAL MANAGEMENT ENTERPRISES, INC. RETIREMENT READINESS PLAN

Name: PROFESSIONAL MANAGEMENT ENTERPRISES, INC. - PROFESSIONAL MANAGEMENT ENTERPRISES, INC. RETIREMENT READINESS PLAN (2022) Form 5500
Creator: PROFESSIONAL MANAGEMENT ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFESSIONAL MANAGEMENT ENTERPRISES, INC. RETIREMENT READINESS PLAN, PROFESSIONAL MANAGEMENT ENTERPRISES, INC.

PROFESSIONAL MANAGEMENT ENTERPRISES, INC.EIN 20-4024802Plan #002PY 2022

9245 NORTH MERIDIAN STREET, STE 210 - INDIANAPOLIS, IN 46260317-541-0200pme-indy.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$1.5M

-17.7% from 2021

Total participants

411

+10.8% from 2021

Average account balance

$10,792

-20.1% from 2021

Annual return

-11.14%

-21.93 pp from 2021

Benchmarks

See 780 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort780 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.87M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

133

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.

6.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$256K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$537

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

+10.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11

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
AMERICAN UNITED LIFE INSURANCE CO8+ years Filed as: AMERICAN UNITED LIFE INSURANCE Service code 66	Insurance mortality and expense charg...	$7,303
AMERICAN UNITED LIFE INSURANCE CO8+ years Service code 15 · EIN 35-0145825	Recordkeeping	$175

Plan features & details

Pension benefit codes2E2J2K2F2G2T3D

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.
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

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$7 / participant

Investment mgmt$2K100.0%

% of EOY assets

0.130%

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

$10,792

$34,634-68.8%

$77,100-86.0%

$64,824-83.4%

Participation rate

9.3%

49.8%-40.5pp

67.9%-58.6pp

71.5%-62.1pp

Annual return

-11.14%

-5.31%-5.8pp

42.35%-53.5pp

32.84%-44.0pp

Employer contribution / active EE

$115

$1,385-91.7%

$2,815-95.9%

$2,507-95.4%

Participant deferral / active EE

$701

$2,553-72.6%

$4,430-84.2%

$4,311-83.7%

Admin fee / account holder

$14

$178-92.1%

$5,443-99.7%

$188-92.5%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO8+ years

Filed as: AMERICAN UNITED LIFE INSURANCE

Service code 66

Insurance mortality and expense charg...

$7,303

AMERICAN UNITED LIFE INSURANCE CO8+ years

Service code 15 · EIN 35-0145825

Recordkeeping

$175

PROFESSIONAL MANAGEMENT ENTERPRISES, INC. RETIREMENT READINESS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFESSIONAL MANAGEMENT ENTERPRISES, INC. RETIREMENT READINESS 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