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 (2023) 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 2023

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

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$5.7M

+35.7% from 2022

Total participants

249

+22.1% from 2022

Average account balance

$38,456

-1.9% from 2022

Annual return

24.06%

+43.19 pp from 2022

Benchmarks

See 6,228 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,228 peers

Snapshot2023

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 TRUST5 years Filed as: WILMINGTON TRUST NATIONAL ASSOC Service code 27 · EIN 16-1486454	Advisory (Plan)	$15,526
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	$1,444

Plan features & details

Pension benefit codes2F2G2J2T3D2E

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$19K

$98 / participant

Recordkeeping$1K7.6%
Investment mgmt$17K92.4%

% of EOY assets

0.332%

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

$38,456

$91,474-58.0%

$135,982-71.7%

$71,529-46.2%

Participation rate

47.7%

75.7%-28.0pp

81.9%-34.3pp

67.9%-20.3pp

Annual return

24.06%

29.89%-5.8pp

68.32%-44.3pp

28.97%-4.9pp

Employer contribution / active EE

$1,160

$3,705-68.7%

$4,859-76.1%

$2,590-55.2%

Participant deferral / active EE

$5,719

$7,095-19.4%

$7,760-26.3%

$4,291+33.3%

Admin fee / account holder

$128

$1,267-89.9%

$10,767-98.8%

$1,588-92.0%

Provider

Service type

Compensation

WILMINGTON TRUST5 years

Filed as: WILMINGTON TRUST NATIONAL ASSOC

Service code 27 · EIN 16-1486454

Advisory (Plan)

$15,526

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

$1,444

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