Retirement plan

PROFESSIONAL TELECONCEPTS, LLC UNION 401(K) PLAN

Name: PROFESSIONAL TELECONCEPTS, LLC - PROFESSIONAL TELECONCEPTS, LLC UNION 401(K) PLAN (2024) Form 5500
Creator: PROFESSIONAL TELECONCEPTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFESSIONAL TELECONCEPTS, LLC UNION 401(K) PLAN, PROFESSIONAL TELECONCEPTS, LLC

PROFESSIONAL TELECONCEPTS, LLCEIN 32-0468228Plan #003PY 2024

PO BOX 311 - NORWICH, NY 13815607-336-1689pro-tel.comLinkedIn201-500 employeestelecommunications

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$95K

+11.2% from 2023

Total participants

0.0% from 2023

Average account balance

$23,833

+11.2% from 2023

Annual return

4.70%

-3.13 pp from 2023

Benchmarks

See 12,316 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort12,316 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$95K

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

400.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6K

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

+4.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$70

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 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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$280

$280 / participant

Other / not subdivided$280100.0%

% of EOY assets

0.294%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$23,833

$108,912-78.1%

$100,383-76.3%

$145,959-83.7%

Participation rate

100.0%

83.0%+17.0pp

81.5%+18.5pp

80.3%+19.7pp

Annual return

4.70%

57.96%-53.3pp

49.26%-44.6pp

561.95%-557.3pp

Employer contribution / active EE

$445

$4,423-89.9%

$3,944-88.7%

$4,661-90.5%

Participant deferral / active EE

$5,098

$8,451-39.7%

$8,086-37.0%

$6,689-23.8%

Admin fee / account holder

$70

$9,690-99.3%

$7,900-99.1%

$13,398-99.5%

PROFESSIONAL TELECONCEPTS, LLC UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFESSIONAL TELECONCEPTS, LLC UNION 401(K) 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