Retirement plan

POLICY SERVICES COMPANY LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: POLICY SERVICES COMPANY LLC - POLICY SERVICES COMPANY LLC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: POLICY SERVICES COMPANY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POLICY SERVICES COMPANY LLC 401(K) PROFIT SHARING PLAN & TRUST, POLICY SERVICES COMPANY LLC

POLICY SERVICES COMPANY LLCEIN 47-1749958Plan #001PY 2024

11575 HERON BAY BLVD., SUITE 300 - CORAL SPRINGS, FL 33076954-327-6400

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.8M

+31.8% from 2023

Total participants

339

+14.5% from 2023

Average account balance

$19,739

+10.8% from 2023

Annual return

15.91%

-0.07 pp from 2023

Benchmarks

See 262 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort262 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.82M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

295

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

$962K

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

+15.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$138

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
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$36,509
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES LLC Service code 27 · EIN 04-2746212	Advisory (Plan)	$18,751
ASSOCIATED PENSION CONSULTANTS1 year Service code 13 · EIN 11-3271022	Contract Administrator	$5,661

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$41K

$123 / participant

Contract admin$41K100.0%

% of EOY assets

0.697%

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: CITRIN COOPERMAN & COMPANY, LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,739

$89,588-78.0%

$133,698-85.2%

$77,762-74.6%

Participation rate

86.7%

74.3%+12.4pp

76.4%+10.2pp

70.6%+16.1pp

Annual return

15.91%

17.42%-1.5pp

580.90%-565.0pp

31.27%-15.4pp

Employer contribution / active EE

$3,491-100.0%

$4,218-100.0%

$2,728-100.0%

Participant deferral / active EE

$2,916

$5,592-47.8%

$7,016-58.4%

$4,651-37.3%

Admin fee / account holder

$138

$539-74.5%

$6,703-97.9%

$433-68.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$36,509

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES LLC

Service code 27 · EIN 04-2746212

Advisory (Plan)

$18,751

ASSOCIATED PENSION CONSULTANTS1 year

Service code 13 · EIN 11-3271022

Contract Administrator

$5,661

POLICY SERVICES COMPANY LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POLICY SERVICES COMPANY LLC 401(K) PROFIT SHARING PLAN & TRUST

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