Retirement plan

PPIC 401(K) SAFE HARBOR PLAN

Name: PATRIOT POWER INVESTMENT CORPORATION - PPIC 401(K) SAFE HARBOR PLAN (2020) Form 5500
Creator: PATRIOT POWER INVESTMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PPIC 401(K) SAFE HARBOR PLAN, PATRIOT POWER INVESTMENT CORPORATION

PATRIOT POWER INVESTMENT CORPORATIONEIN 27-1061316Plan #002PY 2020

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

Other plans on this EIN

1 filing

#003Retirement-$22.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.8M

+10.3% from 2019

Total participants

143

+5.9% from 2019

Average account balance

$62,291

+4.9% from 2019

Annual return

15.27%

-8.41 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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 5 by compensation

Provider	Service type	Compensation
BLUE CHIP RETIREMENT PLANS, INC.4 years Filed as: BLUE RIDGE ESOP ASSOOCIATIES Service code 13 154 HANSEN RD STE 102 · CHARLOTTESVILLE, VA 22911	Contract Administrator	$10,463
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,417
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$8,716
WINDES, INC.1 year Service code 10 3780 KILROY AIRPORT WAY · LONG BEACH, CA 90806	Accounting	$8,300
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Filed as: LEAFHOUSE FINANCNIAL ADVISORS, LLC Service code 99 6504 BRIDGE POINT PKWY · AUSTIN, TX 78730	Other Fees	$3,745

Plan features & details

Pension benefit codes2E2J2F2G2T2R3H3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$90K

$772 / participant

Other / not subdivided$90K100.0%

% of EOY assets

1.012%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WINDES, INC.
Auditor EIN: 953001179
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,291

$69,383-10.2%

$101,271-38.5%

$73,493-15.2%

Participation rate

99.1%

68.4%+30.8pp

75.8%+23.3pp

70.7%+28.5pp

Annual return

15.27%

18.46%-3.2pp

46.48%-31.2pp

28.51%-13.2pp

Employer contribution / active EE

$2,445

$2,628-7.0%

$3,660-33.2%

$2,270+7.7%

Participant deferral / active EE

$3,608

$3,301+9.3%

$4,371-17.5%

$3,740-3.5%

Admin fee / account holder

$631

$704-10.4%

$5,948-89.4%

$513+22.9%

Provider

Service type

Compensation

BLUE CHIP RETIREMENT PLANS, INC.4 years

Filed as: BLUE RIDGE ESOP ASSOOCIATIES

Service code 13

154 HANSEN RD STE 102 · CHARLOTTESVILLE, VA 22911

Contract Administrator

$10,463

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,417

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$8,716

WINDES, INC.1 year

Service code 10

3780 KILROY AIRPORT WAY · LONG BEACH, CA 90806

Accounting

$8,300

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Filed as: LEAFHOUSE FINANCNIAL ADVISORS, LLC

Service code 99

6504 BRIDGE POINT PKWY · AUSTIN, TX 78730

Other Fees

$3,745

PPIC 401(K) SAFE HARBOR PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PPIC 401(K) 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