Retirement plan

PTS GROUP SAVINGS PLAN

Name: PRECISION TOOLS SERVICE, INC. - PTS GROUP SAVINGS PLAN (2023) Form 5500
Creator: PRECISION TOOLS SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PTS GROUP SAVINGS PLAN, PRECISION TOOLS SERVICE, INC.

PRECISION TOOLS SERVICE, INC.EIN 35-1752977Plan #001PY 2023

2426 WEST NORCROSS DR - COLUMBUS, IN 472018844812-342-1234ptservice.comLinkedIn201-500 employeesimport and export

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.7M

+18.5% from 2022

Total participants

207

+15.0% from 2022

Average account balance

$56,578

+3.0% from 2022

Annual return

13.08%

+25.70 pp from 2022

Benchmarks

See 2,346 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,346 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.01M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

227

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.

80.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

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

+13.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5 years Service code 13 · EIN 42-0127290 711 HIGH STREET · DES MOINES, IA 50392	Contract Administrator	$38,622
RBC WEALTH MANAGEMENT1 year Filed as: RBC CAPITAL MARKETS, LLC Service code 27 · EIN 13-2638166 200 VESEY STREET · NY, NY 10281	Advisory (Plan)	$17,756
BLUE BENEFITS CONSULTING, INC.5 years Filed as: BLUE BENEFITS CONSULTING, INC Service code 13 · EIN 35-1907899 12800 N MERIDIAN ST · CARMEL, IN 46032	Contract Administrator	$4,840
BLUE BENEFITS CONSULTING, INC.5 years Service code 13	Contract Administrator	$3,639

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

2 tripped

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

$44K

$245 / participant

Recordkeeping$39K88.9%
Contract admin$5K11.1%

% of EOY assets

0.374%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,578

$83,045-31.9%

$130,045-56.5%

$71,511-20.9%

Participation rate

100.0%

74.1%+25.9pp

78.5%+21.5pp

67.9%+32.1pp

Annual return

13.08%

20.61%-7.5pp

-137.30%+150.4pp

28.86%-15.8pp

Employer contribution / active EE

$2,050

$2,623-21.8%

$4,321-52.6%

$2,589-20.8%

Participant deferral / active EE

$3,851

$4,436-13.2%

$5,820-33.8%

$4,291-10.2%

Admin fee / account holder

$212

$1,727-87.8%

$10,600-98.0%

$1,588-86.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

711 HIGH STREET · DES MOINES, IA 50392

Contract Administrator

$38,622

RBC WEALTH MANAGEMENT1 year

Filed as: RBC CAPITAL MARKETS, LLC

Service code 27 · EIN 13-2638166

200 VESEY STREET · NY, NY 10281

Advisory (Plan)

$17,756

BLUE BENEFITS CONSULTING, INC.5 years

Filed as: BLUE BENEFITS CONSULTING, INC

Service code 13 · EIN 35-1907899

12800 N MERIDIAN ST · CARMEL, IN 46032

Contract Administrator

$4,840

BLUE BENEFITS CONSULTING, INC.5 years

Service code 13

Contract Administrator

$3,639

PTS GROUP SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PTS GROUP SAVINGS 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