Retirement plan

PHARMENG TECHONOLOGY, INC. 401(K) PLAN

Name: PHARMENG TECHONOLOGY, INC. - PHARMENG TECHONOLOGY, INC. 401(K) PLAN (2021) Form 5500
Creator: PHARMENG TECHONOLOGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHARMENG TECHONOLOGY, INC. 401(K) PLAN, PHARMENG TECHONOLOGY, INC.

PHARMENG TECHONOLOGY, INC.EIN 27-0922797Plan #001PY 2021

1 TW ALEXANDER DRIVE, SUITE 125 - DURHAM, NC 27703919-474-8309LinkedIn1-10 employeespharmaceuticals

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+74.6% from 2020

Total participants

+32.3% from 2020

Average account balance

$37,194

+7.8% from 2020

Annual return

26.02%

-32.77 pp from 2020

Benchmarks

See 27,003 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,003 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.51M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$369K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+17.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15507

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J3D

Plan features

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,194

$105,198-64.6%

$159,455-76.7%

$85,856-56.7%

Participation rate

80.0%

75.8%+4.2pp

82.8%-2.8pp

69.3%+10.7pp

Annual return

26.02%

45.08%-19.1pp

263.63%-237.6pp

318.58%-292.6pp

Employer contribution / active EE

$2,945

$3,319-11.3%

$4,830-39.0%

$2,565+14.8%

Participant deferral / active EE

$7,105

$5,946+19.5%

$7,353-3.4%

$3,952+79.8%

Admin fee / account holder

$6,934-100.0%

$10,800-100.0%

$6,261-100.0%

PHARMENG TECHONOLOGY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PHARMENG TECHONOLOGY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion