Retirement plan

PENNONI ASSOCIATES INC. 401(K)/PROFIT SHARING PLAN

Name: PENNONI ASSOCIATES INC. - PENNONI ASSOCIATES INC. 401(K)/PROFIT SHARING PLAN (2023) Form 5500
Creator: PENNONI ASSOCIATES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENNONI ASSOCIATES INC. 401(K)/PROFIT SHARING PLAN, PENNONI ASSOCIATES INC.

PENNONI ASSOCIATES INC.EIN 23-1683429Plan #001PY 2023

1900 MARKET STREET, SUITE 300 - PHILADELPHIA, PA 19103215-254-7811LinkedIn201-500 employees

Other plans on this EIN

1 filing

#002Retirement-$100.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$143.1M

-9.4% from 2016

Total participants

1,850

-5.8% from 2016

Average account balance

$84,297

+5.7% from 2016

Annual return

24.74%

-4.74 pp from 2016

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$165.38M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

1,604

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.11M

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

+19.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$154

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 3 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC2 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$106,296
AMERICAN FUNDS1 year Filed as: NEWPORT CAPITAL GROUP LLC Service code 16 12 BROAD STREET · RED BANK, NJ 07701	Consulting	$106,145
BARSZ GOWIE AMON & FULTZ2 years Filed as: BARZ GOWIE AMON & FULTZ Service code 10 · EIN 82-1813978	Accounting	$36,400

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$249K

$169 / participant

Recordkeeping$106K42.7%
Investment mgmt$27K10.7%
Other / not subdivided$116K46.5%

% of EOY assets

0.174%

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: BARSZ GOWIE AMON & FULTZ LLC
Auditor EIN: 821813978
Audit fees: $36,400
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,297

$107,415-21.5%

$135,998-38.0%

$80,187+5.1%

Participation rate

89.6%

78.0%+11.6pp

81.9%+7.7pp

72.9%+16.6pp

Annual return

24.74%

91.99%-67.3pp

68.37%-43.6pp

40.40%-15.7pp

Employer contribution / active EE

$3,878-100.0%

$4,860-100.0%

$2,980-100.0%

Participant deferral / active EE

$5,020

$8,189-38.7%

$7,761-35.3%

$5,016+0.1%

Admin fee / account holder

$147

$127+15.5%

$10,769-98.6%

$145+1.1%

Provider

Service type

Compensation

T ROWE PRICE RPS INC2 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$106,296

AMERICAN FUNDS1 year

Filed as: NEWPORT CAPITAL GROUP LLC

Service code 16

12 BROAD STREET · RED BANK, NJ 07701

Consulting

$106,145

BARSZ GOWIE AMON & FULTZ2 years

Filed as: BARZ GOWIE AMON & FULTZ

Service code 10 · EIN 82-1813978

Accounting

$36,400

PENNONI ASSOCIATES INC. 401(K)/PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENNONI ASSOCIATES INC. 401(K)/PROFIT SHARING 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