Retirement plan

PLANIT 401(K) RETIREMENT PLAN

Name: PLANIT ADVERTISING, INC. - PLANIT 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: PLANIT ADVERTISING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLANIT 401(K) RETIREMENT PLAN, PLANIT ADVERTISING, INC.

PLANIT ADVERTISING, INC.EIN 52-1993314Plan #001PY 2023

1414 KEY HIGHWAY, SUITE 100 - BALTIMORE, MD 21230410-962-8500

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.4M

+29.7% from 2022

Total participants

190

+2.7% from 2022

Average account balance

$39,580

+24.2% from 2022

Annual return

19.66%

+37.06 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.52M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

187

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$817K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+18.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION6 years Service code 13 · EIN 35-1140070	Contract Administrator	$36,636
RETIREWELL ADMINISTRATORS5 years Filed as: RETIREWELL ADMINISTRATORS, INC. Service code 15 · EIN 81-3429076 1002 LINCOLN DR W SUITE H · MARLTON, NJ 08053	Recordkeeping	$7,175

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$44K

$504 / participant

Investment mgmt$44K100.0%

% of EOY assets

0.589%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LONG & ASSOCIATES PC
Auditor EIN: 352009629
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,580

$93,598-57.7%

$135,974-70.9%

$75,173-47.3%

Participation rate

97.7%

75.2%+22.5pp

81.9%+15.8pp

67.2%+30.5pp

Annual return

19.66%

30.89%-11.2pp

68.30%-48.6pp

160.72%-141.1pp

Employer contribution / active EE

$1,566

$3,538-55.7%

$4,859-67.8%

$2,671-41.4%

Participant deferral / active EE

$6,410

$6,405+0.1%

$7,760-17.4%

$4,126+55.3%

Admin fee / account holder

$233

$6,978-96.7%

$10,767-97.8%

$5,651-95.9%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION6 years

Service code 13 · EIN 35-1140070

Contract Administrator

$36,636

RETIREWELL ADMINISTRATORS5 years

Filed as: RETIREWELL ADMINISTRATORS, INC.

Service code 15 · EIN 81-3429076

1002 LINCOLN DR W SUITE H · MARLTON, NJ 08053

Recordkeeping

$7,175

PLANIT 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLANIT 401(K) RETIREMENT 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