Retirement plan

REMOTELY PILOTED SOLUTIONS, LLC

Name: REMOTELY PILOTED SOLUTIONS, LLC - REMOTELY PILOTED SOLUTIONS, LLC (2020) Form 5500
Creator: REMOTELY PILOTED SOLUTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REMOTELY PILOTED SOLUTIONS, LLC, REMOTELY PILOTED SOLUTIONS, LLC

REMOTELY PILOTED SOLUTIONS, LLCEIN 46-0716722Plan #001PY 2020

14785 PRESTON ROAD, SUITE 750 - DALLAS, TX 752546828214-204-9522

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$25.5M

+43.6% from 2019

Total participants

281

0.0% from 2019

Average account balance

$92,052

+37.4% from 2019

Annual return

27.73%

-16.31 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

$17.85M

Not enough data

1 years with asset history on file

Average account balance

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

$157K

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.

114

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.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$717K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$507

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
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$66,690
VISIONPOINT ADVISORY GROUP2 years Service code 27 · EIN 46-3329350	Advisory (Plan)	$41,391

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$67K

$285 / participant

Contract admin$67K100.0%

% of EOY assets

0.262%

all-in expense ratio

Categories reported

1 / 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: ARMANINO LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,052

$99,957-7.9%

$149,745-38.5%

$73,497+25.2%

Participation rate

98.3%

75.7%+22.6pp

82.5%+15.8pp

70.7%+27.6pp

Annual return

27.73%

53.87%-26.1pp

276.72%-249.0pp

28.51%-0.8pp

Employer contribution / active EE

$7,478

$3,191+134.3%

$4,646+61.0%

$2,270+229.4%

Participant deferral / active EE

$15,122

$6,073+149.0%

$6,843+121.0%

$3,740+304.4%

Admin fee / account holder

$241

$551-56.3%

$9,312-97.4%

$513-53.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$66,690

VISIONPOINT ADVISORY GROUP2 years

Service code 27 · EIN 46-3329350

Advisory (Plan)

$41,391

REMOTELY PILOTED SOLUTIONS, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REMOTELY PILOTED SOLUTIONS, LLC

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