Retirement plan

PEAK UTILITY SERVICES GROUP, INC. 401(K) PLAN

Name: PEAK UTILITY SERVICES GROUP, INC. - PEAK UTILITY SERVICES GROUP, INC. 401(K) PLAN (2024) Form 5500
Creator: PEAK UTILITY SERVICES GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEAK UTILITY SERVICES GROUP, INC. 401(K) PLAN, PEAK UTILITY SERVICES GROUP, INC.

PEAK UTILITY SERVICES GROUP, INC.EIN 46-5733753Plan #001PY 2024

310 INTERLOCKEN PARKWAY SUITE 220 - BROOMFIELD, CO 80021408-717-3698peakusg.comLinkedIn1001-5000 employeesutilities

Prospect flagsLow participationLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$31.7M

+11.6% from 2023

Total participants

2,006

-21.3% from 2023

Average account balance

$25,705

+68.5% from 2023

Annual return

12.69%

-7.25 pp from 2023

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.75M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

1,235

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.

50.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$209

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$147,634
MESIROW FINANCIAL INVESTMENT MANAGE5 years Service code 28 353 NORTH CLARK STREET · CHICAGO, IL 60654	Investment Management	$70,089
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING HOLDCO LLC DBA CR Service code 27 5454 110TH ST · OVERLAND PARK, KS 66211	Advisory (Plan)	$40,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$258K

$164 / participant

Recordkeeping$148K57.3%
Investment mgmt$110K42.7%

% of EOY assets

0.812%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,705

$241,850-89.4%

$102,437-74.9%

$200,096-87.2%

Participation rate

50.9%

78.3%-27.5pp

74.5%-23.6pp

72.0%-21.2pp

Annual return

12.69%

17.67%-5.0pp

24.95%-12.3pp

34.26%-21.6pp

Employer contribution / active EE

$234

$4,253-94.5%

$3,871-94.0%

$3,038-92.3%

Participant deferral / active EE

$2,479

$3,961-37.4%

$5,060-51.0%

$5,090-51.3%

Admin fee / account holder

$209

$288-27.6%

$8,388-97.5%

$269-22.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$147,634

MESIROW FINANCIAL INVESTMENT MANAGE5 years

Service code 28

353 NORTH CLARK STREET · CHICAGO, IL 60654

Investment Management

$70,089

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING HOLDCO LLC DBA CR

Service code 27

5454 110TH ST · OVERLAND PARK, KS 66211

Advisory (Plan)

$40,000

PEAK UTILITY SERVICES GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEAK UTILITY SERVICES GROUP, INC. 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