Retirement plan

PHARMA-BIO SERV PR, INC. RETIREMENT PLAN

Name: PHARMA-BIO SERV PR, INC. - PHARMA-BIO SERV PR, INC. RETIREMENT PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$4.0M assets

Prospect flagsHigh retiree %High feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4M

+14.7% from 2022

Total participants

109

-22.1% from 2022

Average account balance

$51,818

+25.1% from 2022

Annual return

15.20%

+38.43 pp from 2022

Benchmarks

See 28,703 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.77M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

59.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$216K

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

+14.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$448

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
STONECREST CAPITAL MARKETS INC1 year Filed as: STONECREST ADVISORS, INC. Service code 27 300 W 6TH STREET · AUSTIN, TX 78701	Advisory (Plan)	$16,643
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,581
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Filed as: LEAF HOUSE FINANCIAL ADVISORS LLC Service code 27 6300 BRIDGE POINT PKWY BUILDING 1 · AUSTIN, TX 787305097	Advisory (Plan)	$1,849
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$726
ORIENTAL BANK3 years Filed as: ORIENTAL BANK & TRUST Service code 13 PO BOX 191429 · SAN JUAN, PR 009191429	Contract Administrator	$590

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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$29K

$533 / participant

Other / not subdivided$29K100.0%

% of EOY assets

0.722%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,818

$93,617-44.6%

$135,982-61.9%

$75,177-31.1%

Participation rate

40.7%

75.2%-34.5pp

81.9%-41.2pp

67.2%-26.5pp

Annual return

15.20%

30.89%-15.7pp

68.32%-53.1pp

160.75%-145.6pp

Employer contribution / active EE

$2,233

$3,538-36.9%

$4,859-54.1%

$2,671-16.4%

Participant deferral / active EE

$3,242

$6,406-49.4%

$7,760-58.2%

$4,126-21.4%

Admin fee / account holder

$374

$6,980-94.6%

$10,767-96.5%

$5,651-93.4%

Provider

Service type

Compensation

STONECREST CAPITAL MARKETS INC1 year

Filed as: STONECREST ADVISORS, INC.

Service code 27

300 W 6TH STREET · AUSTIN, TX 78701

Advisory (Plan)

$16,643

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,581

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Filed as: LEAF HOUSE FINANCIAL ADVISORS LLC

Service code 27

6300 BRIDGE POINT PKWY BUILDING 1 · AUSTIN, TX 787305097

Advisory (Plan)

$1,849

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$726

ORIENTAL BANK3 years

Filed as: ORIENTAL BANK & TRUST

Service code 13

PO BOX 191429 · SAN JUAN, PR 009191429

Contract Administrator

$590

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