Retirement plan

PAVEMENT RECYCLING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: PRS HOLDINGS, INC. - PAVEMENT RECYCLING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: PRS HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAVEMENT RECYCLING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, PRS HOLDINGS, INC.

PRS HOLDINGS, INC.EIN 33-0353433Plan #002PY 2023

10240 SAN SEVAINE WAY - JURUPA VALLEY, CA 91752951-682-1091

Other plans on this EIN

1 filing

#001Retirement-$154.1M assets

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$20M

+23.8% from 2022

Total participants

407

+10.3% from 2022

Average account balance

$74,735

+16.8% from 2022

Annual return

15.79%

+30.74 pp from 2022

Benchmarks

See 1,503 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,503 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$22.27M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

293

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.

37.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.75M

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

+12.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$371

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
LAUREL WEALTH ADVISORS2 years Service code 27 8008 GIRARD AVE · LA JOLLA, CA 92037	Advisory (Plan)	$40,480
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$30,632
INTEGRATED WEALTH CONCEPTS LLC1 year Service code 27 200 5TH AVENUE SUITE 4010 · WALTHAM, MA 02451	Advisory (Plan)	$14,375
MILLENNIUM INVESTMENT & RETIREMENT2 years Filed as: MILLENNIUM INVT & RET ADVISORS, LLC Service code 26 13850 BALLANTYNE CORPORATE PL · CHARLOTTE, NC 28277	Advisory (Participants)	$2,887

Plan features & details

Pension benefit codes2E2J2F2G2T2K2A3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$88K

$263 / participant

Investment mgmt$58K65.3%
Contract admin$31K34.7%

% of EOY assets

0.443%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WRIGHT FORD YOUNG & CO.
Auditor EIN: 953288054
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,735

$92,971-19.6%

$96,683-22.7%

$74,419+0.4%

Participation rate

58.3%

71.5%-13.2pp

74.3%-16.0pp

70.7%-12.4pp

Annual return

15.79%

37.49%-21.7pp

35.69%-19.9pp

34.38%-18.6pp

Employer contribution / active EE

$5,976

$3,426+74.4%

$3,737+59.9%

$2,637+126.6%

Participant deferral / active EE

$1,836

$3,970-53.8%

$4,878-62.4%

$4,528-59.5%

Admin fee / account holder

$331

$633-47.7%

$6,730-95.1%

$348-4.8%

Provider

Service type

Compensation

LAUREL WEALTH ADVISORS2 years

Service code 27

8008 GIRARD AVE · LA JOLLA, CA 92037

Advisory (Plan)

$40,480

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$30,632

INTEGRATED WEALTH CONCEPTS LLC1 year

Service code 27

200 5TH AVENUE SUITE 4010 · WALTHAM, MA 02451

Advisory (Plan)

$14,375

MILLENNIUM INVESTMENT & RETIREMENT2 years

Filed as: MILLENNIUM INVT & RET ADVISORS, LLC

Service code 26

13850 BALLANTYNE CORPORATE PL · CHARLOTTE, NC 28277

Advisory (Participants)

$2,887

PAVEMENT RECYCLING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAVEMENT RECYCLING SYSTEMS, INC. 401(K) PROFIT SHARING 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