Retirement plan

PROFESSIONAL MANAGEMENT INC 401K PROFIT SHARING PL

Name: PROFESSIONAL MANAGEMENT INC. 401K PROFIT SHARING PLAN - PROFESSIONAL MANAGEMENT INC 401K PROFIT SHARING PL (2018) Form 5500
Creator: PROFESSIONAL MANAGEMENT INC. 401K PROFIT SHARING PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFESSIONAL MANAGEMENT INC 401K PROFIT SHARING PL, PROFESSIONAL MANAGEMENT INC. 401K PROFIT SHARING PLAN

PROFESSIONAL MANAGEMENT INC. 401K PROFIT SHARING PLANEIN 34-1542632Plan #001PY 2018

10750 PEARL ROAD, SUITE E1 - STRONGSVILLE, OH 44136440-572-5522

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

-21.7% from 2017

Total participants

-16.7% from 2017

Average account balance

$217,203

-6.0% from 2017

Annual return

-4.58%

-21.81 pp from 2017

Benchmarks

See 105,563 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,563 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.39M

Not enough data

1 years with asset history on file

Average account balance

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

$596K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+30.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9875

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 codes2E2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$319K

$63845 / participant

Other / not subdivided$319K100.0%

% of EOY assets

29.394%

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

$217,203

$180,466+20.4%

$154,114+40.9%

$135,382+60.4%

Participation rate

100.0%

87.4%+12.6pp

83.0%+17.0pp

82.6%+17.4pp

Annual return

-4.58%

888.15%-892.7pp

735.16%-739.7pp

519.77%-524.3pp

Employer contribution / active EE

$2,296

$6,035-62.0%

$5,298-56.7%

$4,779-51.9%

Participant deferral / active EE

$14,168

$5,806+144.0%

$5,081+178.9%

$5,609+152.6%

Admin fee / account holder

$63,845

$16,144+295.5%

$13,411+376.1%

$10,829+489.6%

PROFESSIONAL MANAGEMENT INC 401K PROFIT SHARING PL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFESSIONAL MANAGEMENT INC 401K PROFIT SHARING PL

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