Retirement plan

P.K.M.M., INC. 401(K) PLAN

Name: P.K.M.M., INC. - P.K.M.M., INC. 401(K) PLAN (2019) Form 5500
Creator: P.K.M.M., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, P.K.M.M., INC. 401(K) PLAN, P.K.M.M., INC.

P.K.M.M., INC.EIN 22-2873648Plan #001PY 2019

265 EAST MAIN ST., P.O. BOX 70 - OCEANPORT, NJ 07757702-628-5223

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.3M

+23.4% from 2018

Total participants

223

+36.0% from 2018

Average account balance

$90,542

+28.0% from 2018

Annual return

22.14%

+28.95 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.97M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

223.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$165K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20144

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

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Service code 49 · EIN 04-1590850	Other Services	$49,204
AMERICAN CENTURY3 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
DWS FUNDS2 years Service code 52 · EIN 13-2661231	Indirect Investment Fees	$0
EATON VANCE3 years Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC4 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
GOLDMAN SACHS2 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 93-1036175	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
THE HARTFORD3 years Service code 52 · EIN 22-2937447	Indirect Investment Fees	$0
TIAA2 years Filed as: TIAA-CREF Service code 52 · EIN 13-4055167	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2A2F2G2K3D2T

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.
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

5 tripped

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

$49K

$265 / participant

Investment mgmt$47K96.3%
Contract admin$2K3.7%

% of EOY assets

0.671%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: TAWNEY, PLLC
Auditor EIN: 464585449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,542

$89,652+1.0%

$141,191-35.9%

$65,185+38.9%

Participation rate

23.7%

74.7%-51.1pp

82.5%-58.8pp

70.2%-46.5pp

Annual return

22.14%

32.79%-10.7pp

71.41%-49.3pp

29.38%-7.2pp

Employer contribution / active EE

$587

$3,065-80.8%

$4,736-87.6%

$2,177-73.0%

Participant deferral / active EE

$1,978

$5,691-65.3%

$6,710-70.5%

$3,514-43.7%

Admin fee / account holder

$607

$569+6.8%

$10,264-94.1%

$847-28.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Service code 49 · EIN 04-1590850

Other Services

$49,204

AMERICAN CENTURY3 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

DWS FUNDS2 years

Service code 52 · EIN 13-2661231

Indirect Investment Fees

EATON VANCE3 years

Service code 52 · EIN 04-2325690

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC4 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

GOLDMAN SACHS2 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 93-1036175

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

THE HARTFORD3 years

Service code 52 · EIN 22-2937447

Indirect Investment Fees

TIAA2 years

Filed as: TIAA-CREF

Service code 52 · EIN 13-4055167

Indirect Investment Fees

P.K.M.M., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

P.K.M.M., 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