Retirement plan

PROVIDENCE MANAGEMENT COMPANY, LLC RETIREMENT PLAN

Name: PROVIDENCE MANAGEMENT COMPANY, LLC - PROVIDENCE MANAGEMENT COMPANY, LLC RETIREMENT PLAN (2024) Form 5500
Creator: PROVIDENCE MANAGEMENT COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROVIDENCE MANAGEMENT COMPANY, LLC RETIREMENT PLAN, PROVIDENCE MANAGEMENT COMPANY, LLC

PROVIDENCE MANAGEMENT COMPANY, LLCEIN 36-4334227Plan #003PY 2024

3201 OLD GLENVIEW ROAD, SUITE 200 - WILMETTE, IL 60091847-904-2008provman.comLinkedIn51-200 employeesreal estate

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$4.7M

+22.2% from 2023

Total participants

129

+21.7% from 2023

Average account balance

$37,537

-0.3% from 2023

Annual return

14.33%

-2.67 pp from 2023

Benchmarks

See 4,147 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort4,147 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.69M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

125

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$552K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$199

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 2 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC3+ years Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 · EIN 47-1411118 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Advisory (Participants)	$10,737
JOHN HANCOCK LIFE INSURANCE COMPANY3+ years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$1,506

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$25K

$355 / participant

Investment mgmt$11K43.2%
Other trustee fees$3K13.7%
Contract admin$11K43.1%

% of EOY assets

0.529%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TAWNEY, PLLC
Auditor EIN: 464585449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,537

$78,015-51.9%

$178,505-79.0%

$80,959-53.6%

Participation rate

94.3%

65.7%+28.6pp

77.1%+17.2pp

67.7%+26.6pp

Annual return

14.33%

18.10%-3.8pp

27.16%-12.8pp

35.67%-21.3pp

Employer contribution / active EE

$1,696

$2,281-25.7%

$3,955-57.1%

$2,757-38.5%

Participant deferral / active EE

$6,189

$4,406+40.5%

$6,280-1.5%

$4,300+43.9%

Admin fee / account holder

$199

$7,160-97.2%

$10,428-98.1%

$6,925-97.1%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC3+ years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 26 · EIN 47-1411118

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Advisory (Participants)

$10,737

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$1,506

PROVIDENCE MANAGEMENT COMPANY, LLC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROVIDENCE MANAGEMENT COMPANY, LLC RETIREMENT 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