Retirement plan

PAULSEN, INC. 401(K) PROFIT SHARING PLAN

Name: PAULSEN, INC. - PAULSEN, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: PAULSEN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAULSEN, INC. 401(K) PROFIT SHARING PLAN, PAULSEN, INC.

PAULSEN, INC.EIN 47-0397153Plan #001PY 2024

P.O. BOX 17 - COZAD, NE 69130308-784-3333paulseninc.comLinkedIn11-50 employeesconstruction

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$12.6M

+23.5% from 2023

Total participants

235

-6.4% from 2023

Average account balance

$90,820

+27.9% from 2023

Annual return

18.16%

+26.04 pp from 2023

Benchmarks

See 3,445 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,445 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.12M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

138

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.

53.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$784K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+7.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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
LUTZ & COMPANY, PC4 years Filed as: LUTZ FINANCIAL SERVICES LLC Service code 26 · EIN 47-0828178	Advisory (Participants)	$25,458
QUALIFIED PLANS, LLC3 years Filed as: QUALIFIED PLAN CONSULTANTS, LLC Service code 17 · EIN 20-0223513	Pension Consulting	$5,369
VOYA RETIREMENT INSURANCE & ANNUITY9+ years Filed as: VOYA RETIREMENT INS & ANNUITY CO Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$8K

$40 / participant

Investment mgmt$6K68.6%
Contract admin$2K29.3%
Other / not subdivided$1752.1%

% of EOY assets

0.067%

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: FRANKEL
Auditor EIN: 470574775
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,820

$80,763+12.5%

$102,412-11.3%

$74,459+22.0%

Participation rate

54.5%

65.7%-11.2pp

74.5%-20.0pp

67.2%-12.7pp

Annual return

18.16%

27.57%-9.4pp

24.94%-6.8pp

1369.70%-1351.5pp

Employer contribution / active EE

$1,007

$3,160-68.1%

$3,870-74.0%

$2,626-61.7%

Participant deferral / active EE

$2,867

$3,862-25.8%

$5,060-43.3%

$4,350-34.1%

Admin fee / account holder

$61

$2,371-97.4%

$8,388-99.3%

$1,945-96.9%

Provider

Service type

Compensation

LUTZ & COMPANY, PC4 years

Filed as: LUTZ FINANCIAL SERVICES LLC

Service code 26 · EIN 47-0828178

Advisory (Participants)

$25,458

QUALIFIED PLANS, LLC3 years

Filed as: QUALIFIED PLAN CONSULTANTS, LLC

Service code 17 · EIN 20-0223513

Pension Consulting

$5,369

VOYA RETIREMENT INSURANCE & ANNUITY9+ years

Filed as: VOYA RETIREMENT INS & ANNUITY CO

Service code 26 · EIN 71-0294708

Advisory (Participants)

PAULSEN, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAULSEN, INC. 401(K) PROFIT SHARING 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