Retirement plan

PURE SOURCE, LLC RETIREMENT PLAN

Name: PURE SOURCE, LLC - PURE SOURCE, LLC RETIREMENT PLAN (2019) Form 5500
Creator: PURE SOURCE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PURE SOURCE, LLC RETIREMENT PLAN, PURE SOURCE, LLC

PURE SOURCE, LLCEIN 65-0588961Plan #001PY 2019

9750 NW 17TH STREET - MIAMI BEACH, FL 33172305-477-8111LinkedIn1-10 employeespharmaceuticals

Prospect flagsLow assets / participantLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+23.9% from 2018

Total participants

153

+4.8% from 2018

Average account balance

$21,914

+18.2% from 2018

Annual return

19.42%

+27.50 pp from 2018

Benchmarks

See 2,363 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,363 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.15M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

113

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.

75.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$90K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$822

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

+14.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$352

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 5 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1 year Filed as: ASCENSUS, LLC Service code 15 · EIN 11-3665754	Recordkeeping	$11,075
PROVENANCE WEALTH ADVISORS1 year Filed as: PROVIDENCE WEALTH ADVISORS Service code 16 · EIN 65-0978008	Consulting	$7,407
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$3,503
EPIC RETIREMENT PLAN SERVICES1 year Filed as: BADEN RETIREMENT PLAN SERVICES Service code 15 · EIN 11-3665754	Recordkeeping	$0
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL INVESTMENT Service code 49 · EIN 36-3429599	Other Services	$0

Plan features & details

Pension benefit codes2A2E2F2G2J3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$35K

$302 / participant

Investment mgmt$6K18.2%
Contract admin$19K52.9%
Other / not subdivided$10K28.9%

% of EOY assets

1.055%

all-in expense ratio

Categories reported

2 / 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: LANE J. GENET, CPA
Auditor EIN: 592683018
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,914

$86,341-74.6%

$125,192-82.5%

$65,185-66.4%

Participation rate

100.0%

75.3%+24.7pp

79.8%+20.2pp

70.2%+29.8pp

Annual return

19.42%

27.44%-8.0pp

43.79%-24.4pp

29.38%-10.0pp

Employer contribution / active EE

$1,282

$2,040-37.1%

$3,866-66.8%

$2,177-41.1%

Participant deferral / active EE

$639

$3,538-81.9%

$4,937-87.1%

$3,514-81.8%

Admin fee / account holder

$231

$609-62.1%

$9,704-97.6%

$847-72.7%

Provider

Service type

Compensation

ASCENSUS LLC1 year

Filed as: ASCENSUS, LLC

Service code 15 · EIN 11-3665754

Recordkeeping

$11,075

PROVENANCE WEALTH ADVISORS1 year

Filed as: PROVIDENCE WEALTH ADVISORS

Service code 16 · EIN 65-0978008

Consulting

$7,407

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$3,503

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: BADEN RETIREMENT PLAN SERVICES

Service code 15 · EIN 11-3665754

Recordkeeping

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL INVESTMENT

Service code 49 · EIN 36-3429599

Other Services

PURE SOURCE, LLC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PURE SOURCE, LLC 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