Retirement plan

PRUTECH SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: PRUTECH SOLUTIONS, INC. - PRUTECH SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: PRUTECH SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRUTECH SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST, PRUTECH SOLUTIONS, INC.

PRUTECH SOLUTIONS, INC.EIN 22-3606232Plan #001PY 2024

555 US HIGHWAY 1 S STE 230 - ISELIN, NJ 088303150732-404-1600prutech.comLinkedIn501-1000 employeesinformation technology and services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.6M

+33.6% from 2023

Total participants

279

+12.0% from 2023

Average account balance

$45,521

+18.4% from 2023

Annual return

17.84%

-6.22 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.60M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

167

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.

49.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+17.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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
WILMINGTON TRUST6 years Filed as: WILMINGTON TRUST NATIONAL ASSOC Service code 27 · EIN 16-1486454	Advisory (Plan)	$21,021
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 37 · EIN 04-2647786	Loan Processing	$1,849

Plan features & details

Pension benefit codes2F2G2J2T2E3D

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

$26K

$118 / participant

Recordkeeping$2K7.1%
Investment mgmt$24K92.9%

% of EOY assets

0.343%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RAM ASSOCIATES
Auditor EIN: 223482445
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,521

$101,672-55.2%

$147,117-69.1%

$74,478-38.9%

Participation rate

49.1%

75.5%-26.5pp

82.2%-33.1pp

67.2%-18.1pp

Annual return

17.84%

8757.83%-8740.0pp

420.54%-402.7pp

1370.56%-1352.7pp

Employer contribution / active EE

$1,080

$3,813-71.7%

$4,932-78.1%

$2,626-58.9%

Participant deferral / active EE

$5,673

$7,305-22.3%

$8,065-29.7%

$4,350+30.4%

Admin fee / account holder

$156

$1,753-91.1%

$12,993-98.8%

$1,946-92.0%

Provider

Service type

Compensation

WILMINGTON TRUST6 years

Filed as: WILMINGTON TRUST NATIONAL ASSOC

Service code 27 · EIN 16-1486454

Advisory (Plan)

$21,021

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

Loan Processing

$1,849

PRUTECH SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRUTECH SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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