Retirement plan

PYRAMID PRECISION MACHINE, INC. 401(K) PLAN

Name: PYRAMID PRECISION MACHINE, INC. - PYRAMID PRECISION MACHINE, INC. 401(K) PLAN (2020) Form 5500
Creator: PYRAMID PRECISION MACHINE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PYRAMID PRECISION MACHINE, INC. 401(K) PLAN, PYRAMID PRECISION MACHINE, INC.

PYRAMID PRECISION MACHINE, INC.EIN 33-0328174Plan #001PY 2020

6721 COBRA WAY - SAN DIEGO, CA 92121085-864-2713

Prospect flagsLow employer contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.6M

+20.4% from 2019

Total participants

131

+5.6% from 2019

Average account balance

$32,946

+10.4% from 2019

Annual return

13.96%

-10.90 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.94M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

126

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.

81.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$513K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,135
INDEPENDENT FINANCIAL GROUP LLC1 year Filed as: INDEPENDENT FINANCIAL GROUP Service code 55	Other Commissions	$13,316
SAN DIEGO PENSION CONSULTANTS1 year Service code 13 5628 COPLEY DRIVE · SAN DIEGO, CA 92111	Contract Administrator	$3,479
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$741
INDEPENDENT FINANCIAL GRP LLC1 year Service code 55 12671 HIGH BLUFF DR. STE 200 · SAN DIEGO, CA 92130	Other Commissions	$0

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$16K

$156 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.460%

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: MACIAS GINI & O'CONNELL LLP
Auditor EIN: 680300457
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,946

$73,638-55.3%

$95,960-65.7%

$73,493-55.2%

Participation rate

78.1%

76.2%+1.9pp

77.1%+1.0pp

70.7%+7.4pp

Annual return

13.96%

16.78%-2.8pp

91.63%-77.7pp

28.51%-14.5pp

Employer contribution / active EE

$466

$1,863-75.0%

$2,541-81.7%

$2,270-79.5%

Participant deferral / active EE

$3,621

$3,617+0.1%

$4,167-13.1%

$3,740-3.2%

Admin fee / account holder

$151

$482-68.6%

$6,797-97.8%

$513-70.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,135

INDEPENDENT FINANCIAL GROUP LLC1 year

Filed as: INDEPENDENT FINANCIAL GROUP

Service code 55

Other Commissions

$13,316

SAN DIEGO PENSION CONSULTANTS1 year

Service code 13

5628 COPLEY DRIVE · SAN DIEGO, CA 92111

Contract Administrator

$3,479

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$741

INDEPENDENT FINANCIAL GRP LLC1 year

Service code 55

12671 HIGH BLUFF DR. STE 200 · SAN DIEGO, CA 92130

Other Commissions

PYRAMID PRECISION MACHINE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PYRAMID PRECISION MACHINE, INC. 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