Retirement plan

REMOTELY PILOTED SOLUTIONS, LLC

Name: REMOTELY PILOTED SOLUTIONS, LLC - REMOTELY PILOTED SOLUTIONS, LLC (2021) 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 2021

15305 DALLAS PKWY, 16TH FLOOR - ADDISON, TX 750014637214-204-9522

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$27.1M

+6.1% from 2020

Total participants

218

-22.4% from 2020

Average account balance

$126,472

+37.4% from 2020

Annual return

19.91%

-7.82 pp from 2020

Benchmarks

See 27,004 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,004 peers

Snapshot2021

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 COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$86,404
VISIONPOINT ADVISORY GROUP3 years Service code 27 · EIN 46-3329350	Advisory (Plan)	$52,839

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$86K

$929 / participant

Contract admin$86K100.0%

% of EOY assets

0.319%

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: ARMANINO LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,472

$105,200+20.2%

$159,474-20.7%

$85,847+47.3%

Participation rate

95.7%

75.8%+19.9pp

82.8%+12.9pp

69.3%+26.4pp

Annual return

19.91%

45.08%-25.2pp

263.68%-243.8pp

318.61%-298.7pp

Employer contribution / active EE

$11,712

$3,319+252.9%

$4,831+142.5%

$2,565+356.6%

Participant deferral / active EE

$25,129

$5,946+322.6%

$7,353+241.7%

$3,952+535.8%

Admin fee / account holder

$404

$6,934-94.2%

$10,802-96.3%

$6,261-93.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$86,404

VISIONPOINT ADVISORY GROUP3 years

Service code 27 · EIN 46-3329350

Advisory (Plan)

$52,839

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