Retirement plan

PLANT MAINTENANCE SERVICE CORPORATION RETIREMENT PLAN

Name: PLANT MAINTENANCE SERVICE CORPORATION - PLANT MAINTENANCE SERVICE CORPORATION RETIREMENT PLAN (2023) Form 5500
Creator: PLANT MAINTENANCE SERVICE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLANT MAINTENANCE SERVICE CORPORATION RETIREMENT PLAN, PLANT MAINTENANCE SERVICE CORPORATION

PLANT MAINTENANCE SERVICE CORPORATIONEIN 62-0784397Plan #001PY 2023

3000 FITE RD. - MILLINGTON, TN 380538334901-353-9880pmscmphs.comLinkedIn51-200 employees

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$8.1M

+6.1% from 2022

Total participants

122

+4.3% from 2022

Average account balance

$82,070

+11.5% from 2022

Annual return

10.34%

+22.54 pp from 2022

Benchmarks

See 14,453 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,453 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.90M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

67.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$368K

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

+7.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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
STADION MONEY MANAGEMENT1 year Filed as: STADION MONEY MANAGEMENT LLC Service code 28 · EIN 45-1564286	Investment Management	$13,196
AMERITAS LIFE INSURANCE CORP2 years Service code 15 · EIN 47-0098400	Recordkeeping	$3,947

Plan features & details

Pension benefit codes2E2J2K2F2G3D2S

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$17K

$182 / participant

Recordkeeping$4K21.6%
Investment mgmt$13K77.0%
Other / not subdivided$2501.5%

% of EOY assets

0.211%

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: GOSS CPA
Auditor EIN: 822039750
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,070

$80,983+1.3%

$96,544-15.0%

$75,177+9.2%

Participation rate

75.5%

71.8%+3.7pp

76.0%-0.5pp

67.2%+8.3pp

Annual return

10.34%

27.05%-16.7pp

25.88%-15.5pp

160.75%-150.4pp

Employer contribution / active EE

$1,081

$2,282-52.6%

$2,966-63.5%

$2,671-59.5%

Participant deferral / active EE

$2,909

$3,929-26.0%

$4,851-40.0%

$4,126-29.5%

Admin fee / account holder

$173

$6,717-97.4%

$8,254-97.9%

$5,651-96.9%

Provider

Service type

Compensation

STADION MONEY MANAGEMENT1 year

Filed as: STADION MONEY MANAGEMENT LLC

Service code 28 · EIN 45-1564286

Investment Management

$13,196

AMERITAS LIFE INSURANCE CORP2 years

Service code 15 · EIN 47-0098400

Recordkeeping

$3,947

PLANT MAINTENANCE SERVICE CORPORATION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLANT MAINTENANCE SERVICE CORPORATION 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