Retirement plan

PERFECT OUTPUT, L.L.C. 401(K) PLAN

Name: PERFECT OUTPUT, LLC - PERFECT OUTPUT, L.L.C. 401(K) PLAN (2020) Form 5500
Creator: PERFECT OUTPUT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PERFECT OUTPUT, L.L.C. 401(K) PLAN, PERFECT OUTPUT, LLC

PERFECT OUTPUT, LLCEIN 43-1797565Plan #001PY 2020

9200 INDIAN CREEK PARKWAY SUITE 400 - OVERLAND PARK, KS 66210913-317-8400perfectoutput.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsLow returnsHigh feesLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$9M

+3.5% from 2019

Total participants

128

+4.9% from 2019

Average account balance

$101,193

+1.2% from 2019

Annual return

6.47%

-20.85 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.44M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$55K

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

+12.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$58268

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

Top 5 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC3 years Service code 27 · EIN 13-2638166 315 DEADERICK ST · NASHVILLE, TN 37238	Advisory (Plan)	$21,765
EIP CORP6+ years Filed as: EIP CORP. Service code 13 · EIN 48-0949535 7300 W 110TH STREET · OVERLAND PARK, KS 66210	Contract Administrator	$7,265
PICKETT, CHANEY & MCMULLEN LLP4 years Service code 10 · EIN 48-1246310 9401 W. 87TH STREET · OVERLAND PARK, KS 66212	Accounting	$5,904
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS Service code 64 · EIN 95-1411037 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$1,575
TD AMERITRADE, INC.5 years Filed as: TD AMERITRADE Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$36K

$333 / participant

Investment mgmt$22K60.5%
Contract admin$2K6.7%
Other / not subdivided$12K32.9%

% of EOY assets

0.400%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PICKETT CHANEY MCMULLEN LLP
Auditor EIN: 481246310
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,193

$99,957+1.2%

$149,715-32.4%

$73,493+37.7%

Participation rate

63.9%

75.7%-11.8pp

82.5%-18.6pp

70.7%-6.8pp

Annual return

6.47%

53.87%-47.4pp

276.66%-270.2pp

28.51%-22.0pp

Employer contribution / active EE

$1,547

$3,191-51.5%

$4,645-66.7%

$2,270-31.9%

Participant deferral / active EE

$2,653

$6,073-56.3%

$6,842-61.2%

$3,740-29.0%

Admin fee / account holder

$405

$551-26.5%

$9,310-95.7%

$513-21.2%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3 years

Service code 27 · EIN 13-2638166

315 DEADERICK ST · NASHVILLE, TN 37238

Advisory (Plan)

$21,765

EIP CORP6+ years

Filed as: EIP CORP.

Service code 13 · EIN 48-0949535

7300 W 110TH STREET · OVERLAND PARK, KS 66210

Contract Administrator

$7,265

PICKETT, CHANEY & MCMULLEN LLP4 years

Service code 10 · EIN 48-1246310

9401 W. 87TH STREET · OVERLAND PARK, KS 66212

Accounting

$5,904

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS

Service code 64 · EIN 95-1411037

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$1,575

TD AMERITRADE, INC.5 years

Filed as: TD AMERITRADE

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

PERFECT OUTPUT, L.L.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PERFECT OUTPUT, L.L.C. 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