Retirement plan

PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: PREIN & NEWHOF - PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2024) Form 5500
Creator: PREIN & NEWHOF
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, PREIN & NEWHOF

PREIN & NEWHOFEIN 38-1891590Plan #001PY 2024

3355 EVERGREEN DR NE - GRAND RAPIDS, MI 49525616-364-8491preinnewhof.comLinkedIn51-200 employeescivil engineering

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$59.8M

+20.4% from 2023

Total participants

198

+3.7% from 2023

Average account balance

$305,270

+16.7% from 2023

Annual return

15.86%

-3.33 pp from 2023

Benchmarks

See 6,280 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,280 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$59.83M

Not enough data

1 years with asset history on file

Average account balance

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

$305K

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.

196

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$448

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9 years Service code 13 · EIN 42-0127290	Contract Administrator	$87,847
NORTHWESTERN MUTUAL INVESTMENT SERV6 years Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO. Service code 27 · EIN 39-2018056	Advisory (Plan)	$32,545
DOEREN MAYHEW2 years Filed as: DOEREN MAYHEW GRAND RAPIDS, PLLC Service code 49 · EIN 87-4032470	Other Services	$8,339
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
MORNINGSTAR4 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26	Advisory (Participants)	$0
PREIN & NEWHOFF, INC1 year Filed as: PREIN & NEWHOF, INC Service code 14 · EIN 38-1891590	Plan Administrator	$0

Plan features & details

Pension benefit codes2F2H2O2J2K2E2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$88K

$570 / participant

Contract admin$88K100.0%

% of EOY assets

0.147%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$305,270

$101,653+200.3%

$147,080+107.6%

$74,459+310.0%

Participation rate

98.7%

75.6%+23.1pp

82.2%+16.5pp

67.2%+31.5pp

Annual return

15.86%

8754.98%-8739.1pp

420.17%-404.3pp

1369.70%-1353.8pp

Employer contribution / active EE

$4,279

$3,813+12.2%

$4,933-13.3%

$2,626+63.0%

Participant deferral / active EE

$11,658

$7,304+59.6%

$8,066+44.5%

$4,350+168.0%

Admin fee / account holder

$448

$1,752-74.4%

$12,989-96.5%

$1,945-77.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9 years

Service code 13 · EIN 42-0127290

Contract Administrator

$87,847

NORTHWESTERN MUTUAL INVESTMENT SERV6 years

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO.

Service code 27 · EIN 39-2018056

Advisory (Plan)

$32,545

DOEREN MAYHEW2 years

Filed as: DOEREN MAYHEW GRAND RAPIDS, PLLC

Service code 49 · EIN 87-4032470

Other Services

$8,339

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

MORNINGSTAR4 years

Filed as: MORNINGSTAR INVESTMENT MGMT LLC

Service code 26

Advisory (Participants)

PREIN & NEWHOFF, INC1 year

Filed as: PREIN & NEWHOF, INC

Service code 14 · EIN 38-1891590

Plan Administrator

PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

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