Retirement plan

PROVIDENCE ENGINEERING & ENVIRONMENTAL GROUP, LLC 401(K) PENSION PLAN

Name: PROVIDENCE HOLDING, INC. - PROVIDENCE ENGINEERING & ENVIRONMENTAL GROUP, LLC 401(K) PENSION PLAN (2021) Form 5500
Creator: PROVIDENCE HOLDING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROVIDENCE ENGINEERING & ENVIRONMENTAL GROUP, LLC 401(K) PENSION PLAN, PROVIDENCE HOLDING, INC.

PROVIDENCE HOLDING, INC.EIN 46-0913058Plan #001PY 2021

1201 MAIN STREET - BATON ROUGE, LA 70802225-766-7400

Other plans on this EIN

1 filing

#002Retirement-$5.1M assets

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$11.2M

-7.8% from 2020

Total participants

135

-37.8% from 2020

Average account balance

$93,148

+55.2% from 2020

Annual return

11.15%

-3.01 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

$12.09M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

145

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.

88.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$910K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+21.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$326

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 COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$33,404
SENTINEL PENSION LLC1 year Filed as: SENTINEL PENSION, LLC Service code 13	Contract Administrator	$15,120
CETERA ADVISOR NETWORKS LLC6+ years Filed as: CETERA ADVISORS, LLC Service code 27	Advisory (Plan)	$14,173
CETERA ADVISOR NETWORKS LLC3 years Filed as: CETERA ADVISORS Service code 27 · EIN 84-0858799	Advisory (Plan)	$10,104
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 15 · EIN 13-3689044	Recordkeeping	$6,372
SENTINEL PENSION ADVISORS6+ years Filed as: SENTINEL PENSION AND PAYROLL Service code 15 6811 JEFFERSON HWY · BATON ROUGE, LA 70806	Recordkeeping	$3,571

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$54K

$562 / participant

Contract admin$54K100.0%

% of EOY assets

0.482%

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: LAPORTE, A PROFESSIONAL ACCOUNTING
Auditor EIN: 721088864
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,148

$105,200-11.5%

$159,474-41.6%

$85,847+8.5%

Participation rate

84.4%

75.8%+8.6pp

82.8%+1.5pp

69.3%+15.1pp

Annual return

11.15%

45.08%-33.9pp

263.68%-252.5pp

318.61%-307.5pp

Employer contribution / active EE

$1,428

$3,319-57.0%

$4,831-70.4%

$2,565-44.3%

Participant deferral / active EE

$5,159

$5,946-13.2%

$7,353-29.8%

$3,952+30.5%

Admin fee / account holder

$449

$6,934-93.5%

$10,802-95.8%

$6,261-92.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$33,404

SENTINEL PENSION LLC1 year

Filed as: SENTINEL PENSION, LLC

Service code 13

Contract Administrator

$15,120

CETERA ADVISOR NETWORKS LLC6+ years

Filed as: CETERA ADVISORS, LLC

Service code 27

Advisory (Plan)

$14,173

CETERA ADVISOR NETWORKS LLC3 years

Filed as: CETERA ADVISORS

Service code 27 · EIN 84-0858799

Advisory (Plan)

$10,104

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$6,372

SENTINEL PENSION ADVISORS6+ years

Filed as: SENTINEL PENSION AND PAYROLL

Service code 15

6811 JEFFERSON HWY · BATON ROUGE, LA 70806

Recordkeeping

$3,571

PROVIDENCE ENGINEERING & ENVIRONMENTAL GROUP, LLC 401(K) PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROVIDENCE ENGINEERING & ENVIRONMENTAL GROUP, LLC 401(K) PENSION 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