Retirement plan

PHARMA-BIO SERV PR, INC. RETIREMENT PLAN

Name: PHARMA-BIO SERV PR, INC. - PHARMA-BIO SERV PR, INC. RETIREMENT PLAN (2021) Form 5500
Creator: PHARMA-BIO SERV PR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHARMA-BIO SERV PR, INC. RETIREMENT PLAN, PHARMA-BIO SERV PR, INC.

PHARMA-BIO SERV PR, INC.EIN 66-0549685Plan #002PY 2021

6 CARR 696 - DORADO, PR 006463306787-278-2709

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4.2M

+10.2% from 2020

Total participants

122

-15.3% from 2020

Average account balance

$50,590

+14.1% from 2020

Annual return

9.09%

-14.74 pp from 2020

Benchmarks

See 27,008 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,008 peers

Snapshot2021

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.43M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

132.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$152K

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

+11.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1529

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 5 by compensation

Provider	Service type	Compensation
STONECREST CAPITAL MARKETS INC2 years Filed as: STONECREST ADVISORS INC Service code 27 300 W 6TH ST STE 1520 · AUSTIN, TX 78701	Advisory (Plan)	$17,825
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,701
ORIENTAL BANK1 year Filed as: ORIENTAL BANK & TRUST Service code 13 P.O. BOX 191429 · SAN JUAN, PR 009191429	Contract Administrator	$3,961
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Service code 27 6504 BRIDGE POINT PKWY, SUITE 450 · AUSTIN, TX 78730	Advisory (Plan)	$1,980
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$565

Plan features & details

Pension benefit codes2E2F2G2J2K3D3J

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.
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.
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

4 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$30K

$499 / participant

Investment mgmt$30K100.0%

% of EOY assets

0.705%

all-in expense ratio

Categories reported

1 / 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: CROWE PR, PSC
Auditor EIN: 660539048
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,590

$105,181-51.9%

$159,436-68.3%

$85,850-41.1%

Participation rate

36.7%

75.8%-39.1pp

82.8%-46.2pp

69.3%-32.6pp

Annual return

9.09%

45.07%-36.0pp

263.57%-254.5pp

318.53%-309.4pp

Employer contribution / active EE

$2,133

$3,318-35.7%

$4,829-55.8%

$2,565-16.9%

Participant deferral / active EE

$3,206

$5,945-46.1%

$7,352-56.4%

$3,952-18.9%

Admin fee / account holder

$357

$6,933-94.9%

$10,799-96.7%

$6,260-94.3%

Provider

Service type

Compensation

STONECREST CAPITAL MARKETS INC2 years

Filed as: STONECREST ADVISORS INC

Service code 27

300 W 6TH ST STE 1520 · AUSTIN, TX 78701

Advisory (Plan)

$17,825

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,701

ORIENTAL BANK1 year

Filed as: ORIENTAL BANK & TRUST

Service code 13

P.O. BOX 191429 · SAN JUAN, PR 009191429

Contract Administrator

$3,961

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Service code 27

6504 BRIDGE POINT PKWY, SUITE 450 · AUSTIN, TX 78730

Advisory (Plan)

$1,980

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$565

PHARMA-BIO SERV PR, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHARMA-BIO SERV PR, INC. 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