Retirement plan

PPIC 401K SAFE HARBOR PLAN

Name: PATRIOT POWER INVESTMENT CORPORATION - PPIC 401K SAFE HARBOR PLAN (2016) Form 5500
Creator: PATRIOT POWER INVESTMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PPIC 401K SAFE HARBOR PLAN, PATRIOT POWER INVESTMENT CORPORATION

PATRIOT POWER INVESTMENT CORPORATIONEIN 27-1061316Plan #002PY 2016

501 COMMERCE RD - ARTESIA, NM 882109432575-748-3400

Other plans on this EIN

1 filing

#003Retirement-$16.2M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6M

+0.8% from 2015

Total participants

-88.4% from 2015

Average account balance

-100.0% from 2015

Annual return

7.08%

+5.95 pp from 2015

Benchmarks

See 35,835 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort35,835 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.52M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

141

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$866K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$456

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 1 by compensation

Provider	Service type	Compensation
JP MORGAN INVESTMENT MANAGEMENT INC2+ years Filed as: NEW YORK LIFE INVESTIMENT MANAGMENT Service code 22 · EIN 52-2206685	Insurance Broker	$2,345

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

$2K

$156 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.039%

all-in expense ratio

Categories reported

0 / 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: WINDES, INC
Auditor EIN: 953001179
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,345-100.0%

$84,753-100.0%

$273,972-100.0%

Participation rate

0.0%

80.7%-80.7pp

76.6%-76.6pp

83.0%-83.0pp

Annual return

7.08%

22.93%-15.9pp

22.78%-15.7pp

41.46%-34.4pp

Employer contribution / active EE

$14,426

$4,214+242.3%

$3,574+303.6%

$4,869+196.3%

Participant deferral / active EE

$19,989

$4,270+368.2%

$3,712+438.5%

$5,287+278.1%

Admin fee / account holder

$6,645-100.0%

$5,333-100.0%

$10,133-100.0%

Provider

Service type

Compensation

JP MORGAN INVESTMENT MANAGEMENT INC2+ years

Filed as: NEW YORK LIFE INVESTIMENT MANAGMENT

Service code 22 · EIN 52-2206685

Insurance Broker

$2,345

PPIC 401K SAFE HARBOR PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PPIC 401K SAFE HARBOR 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