Retirement plan

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

Name: PROVIDENCE HOLDING, INC. - PROVIDENCE ENGINEERING & ENVIRONMENTAL GROUP, LLC 401(K) PENSION PLAN (2022) 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 2022

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

Other plans on this EIN

1 filing

#002Retirement-$5.0M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$8.7M

-22.4% from 2021

Total participants

166

+23.0% from 2021

Average account balance

$58,631

-37.1% from 2021

Annual return

-22.05%

-33.20 pp from 2021

Benchmarks

See 28,007 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,007 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$13.06M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

136

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.

86.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$968K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$370

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$35,322
CETERA ADVISOR NETWORKS LLC7+ years Filed as: CETERA ADVISORS, LLC Service code 27	Advisory (Plan)	$26,091
SENTINEL PENSION LLC2 years Filed as: SENTINEL PENSION, LLC Service code 13	Contract Administrator	$4,651
SENTINEL PENSION ADVISORS7+ years Filed as: SENTINEL PENSION AND PAYROLL Service code 15 6811 JEFFERSON HWY · BATON ROUGE, LA 70806	Recordkeeping	$2,967
CETERA ADVISOR NETWORKS LLC4 years Filed as: CETERA ADVISORS Service code 27 · EIN 84-0858799	Advisory (Plan)	$0

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$38K

$395 / participant

Investment mgmt$5K11.9%
Contract admin$34K88.1%

% of EOY assets

0.441%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,631

$82,664-29.1%

$125,339-53.2%

$68,494-14.4%

Participation rate

81.4%

75.0%+6.4pp

82.4%-0.9pp

67.9%+13.6pp

Annual return

-22.05%

-5.97%-16.1pp

572.05%-594.1pp

-7.84%-14.2pp

Employer contribution / active EE

$1,434

$3,381-57.6%

$4,814-70.2%

$2,596-44.8%

Participant deferral / active EE

$4,956

$6,110-18.9%

$7,446-33.4%

$4,027+23.1%

Admin fee / account holder

$259

$6,275-95.9%

$10,010-97.4%

$5,403-95.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$35,322

CETERA ADVISOR NETWORKS LLC7+ years

Filed as: CETERA ADVISORS, LLC

Service code 27

Advisory (Plan)

$26,091

SENTINEL PENSION LLC2 years

Filed as: SENTINEL PENSION, LLC

Service code 13

Contract Administrator

$4,651

SENTINEL PENSION ADVISORS7+ years

Filed as: SENTINEL PENSION AND PAYROLL

Service code 15

6811 JEFFERSON HWY · BATON ROUGE, LA 70806

Recordkeeping

$2,967

CETERA ADVISOR NETWORKS LLC4 years

Filed as: CETERA ADVISORS

Service code 27 · EIN 84-0858799

Advisory (Plan)

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