Retirement plan

PROFESSIONAL EMPLOYER RESOURCES, INC. RETIREMENT SAVINGS PLAN

Name: PROFESSIONAL EMPLOYER RESOURCES INC - PROFESSIONAL EMPLOYER RESOURCES, INC. RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: PROFESSIONAL EMPLOYER RESOURCES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFESSIONAL EMPLOYER RESOURCES, INC. RETIREMENT SAVINGS PLAN, PROFESSIONAL EMPLOYER RESOURCES INC

PROFESSIONAL EMPLOYER RESOURCES INCEIN 59-3450115Plan #333PY 2021

500 NORTH MAITLAND AVENUE SUITE 201 - MAITLAND, FL 32751407-599-4990perhumanresources.comLinkedIn11-50 employeeshuman resources

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$8.9M

+16.3% from 2020

Total participants

431

+11.4% from 2020

Average account balance

$134,194

+26.9% from 2020

Annual return

13.15%

+4.45 pp from 2020

Benchmarks

See 736 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort736 peers

Snapshot2021

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.39M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

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.

5.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$460K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$560

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

-23.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$58604

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

0 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
BLUESTAR RETIREMENT SERVICES7+ years Service code 13 · EIN 59-3092339	Contract Administrator	$28,216
BKS RETIREMENT SERVICES2 years Service code 26 · EIN 84-1921272	Advisory (Participants)	$11,995
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$3,002

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$43K

$104 / participant

Investment mgmt$12K27.8%
Contract admin$31K72.2%

% of EOY assets

0.488%

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: MOSS, KRUSICK & ASSOCIATES, LLC
Auditor EIN: 593017072
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,194

$41,647+222.2%

$96,139+39.6%

$86,799+54.6%

Participation rate

12.3%

50.2%-38.0pp

68.4%-56.2pp

72.3%-60.0pp

Annual return

13.15%

27.24%-14.1pp

191.94%-178.8pp

97.91%-84.8pp

Employer contribution / active EE

$250

$1,318-81.0%

$2,797-91.1%

$2,405-89.6%

Participant deferral / active EE

$760

$2,412-68.5%

$4,349-82.5%

$4,131-81.6%

Admin fee / account holder

$655

$169+286.5%

$5,537-88.2%

$170+286.1%

Provider

Service type

Compensation

BLUESTAR RETIREMENT SERVICES7+ years

Service code 13 · EIN 59-3092339

Contract Administrator

$28,216

BKS RETIREMENT SERVICES2 years

Service code 26 · EIN 84-1921272

Advisory (Participants)

$11,995

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$3,002

PROFESSIONAL EMPLOYER RESOURCES, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFESSIONAL EMPLOYER RESOURCES, INC. RETIREMENT SAVINGS 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