Retirement plan

PRINCETON ACQUISITION, LLC 401(K) PLAN

Name: PRINCETON ACQUISITION, LLC - PRINCETON ACQUISITION, LLC 401(K) PLAN (2024) Form 5500
Creator: PRINCETON ACQUISITION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRINCETON ACQUISITION, LLC 401(K) PLAN, PRINCETON ACQUISITION, LLC

PRINCETON ACQUISITION, LLCEIN 38-3574888Plan #001PY 2024

26600 TELEGRAPH ROAD, SUITE 200 - SOUTHFIELD, MI 48033248-683-2500LinkedIn201-500 employeesreal estate

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$9.3M

+18.1% from 2023

Total participants

619

-14.3% from 2023

Average account balance

$15,904

+13.5% from 2023

Annual return

8.98%

-16.56 pp from 2023

Benchmarks

See 665 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort665 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.30M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

585

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$76,721
SCHECHTER INVESTMENT ADVISORS, LLC1 year Service code 27 · EIN 38-4907906	Advisory (Plan)	$20,436
THE BENEFIT ADVANTAGE, INC.2 years Service code 13 · EIN 38-3254950	Contract Administrator	$14,407
THE BENEFIT ADVANTAGE, INC.2 years Filed as: THE BENEFIT ADVANTAGE INC. Service code 13	Contract Administrator	$3,741
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILLSHIRE ADVISORS LLC Service code 27	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D3H

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$91K

$158 / participant

Contract admin$91K100.0%

% of EOY assets

0.979%

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: CARNAGHI & SCHWARK, PLLC
Auditor EIN: 461506714
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,904

$62,686-74.6%

$178,540-91.1%

$77,736-79.5%

Participation rate

94.1%

66.9%+27.2pp

77.1%+17.0pp

70.6%+23.5pp

Annual return

8.98%

16.16%-7.2pp

27.15%-18.2pp

31.26%-22.3pp

Employer contribution / active EE

$1,914-100.0%

$3,953-100.0%

$2,728-100.0%

Participant deferral / active EE

$2,460

$4,224-41.8%

$6,281-60.8%

$4,651-47.1%

Admin fee / account holder

$156

$386-59.7%

$10,424-98.5%

$433-64.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$76,721

SCHECHTER INVESTMENT ADVISORS, LLC1 year

Service code 27 · EIN 38-4907906

Advisory (Plan)

$20,436

THE BENEFIT ADVANTAGE, INC.2 years

Service code 13 · EIN 38-3254950

Contract Administrator

$14,407

THE BENEFIT ADVANTAGE, INC.2 years

Filed as: THE BENEFIT ADVANTAGE INC.

Service code 13

Contract Administrator

$3,741

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILLSHIRE ADVISORS LLC

Service code 27

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

PRINCETON ACQUISITION, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRINCETON ACQUISITION, LLC 401(K) 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