Retirement plan

PEPPER SOURCE, LTD. & SUBSIDIARIES 401(K) PLAN

Name: PEPPER SOURCE, LTD. - PEPPER SOURCE, LTD. & SUBSIDIARIES 401(K) PLAN (2023) Form 5500
Creator: PEPPER SOURCE, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEPPER SOURCE, LTD. & SUBSIDIARIES 401(K) PLAN, PEPPER SOURCE, LTD.

PEPPER SOURCE, LTD.EIN 72-1181338Plan #003PY 2023

2720 ATHANIA PKWY. - METAIRIE, LA 700025904504-885-3223

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$14M

+17.7% from 2022

Total participants

403

+24.0% from 2022

Average account balance

$37,789

-3.6% from 2022

Annual return

13.31%

+28.45 pp from 2022

Benchmarks

See 755 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort755 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.06M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

426

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$259

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2 years Filed as: LPL FINANCIAL, LLC Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$51,569
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$30,116
THE HASLAUER GROUP, INC.2 years Filed as: THE HASLAUER GROUP, INC Service code 13 1800 WILLIAMS BLVD · KENNER, LA 70062	Contract Administrator	$13,650

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H2T

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.
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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$88K

$306 / participant

Contract admin$88K100.0%

% of EOY assets

0.629%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LAPORTE, APAC
Auditor EIN: 721088864
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,789

$69,823-45.9%

$76,872-50.8%

$74,460-49.2%

Participation rate

88.5%

70.0%+18.5pp

69.6%+19.0pp

70.7%+17.8pp

Annual return

13.31%

19.99%-6.7pp

37.90%-24.6pp

34.38%-21.1pp

Employer contribution / active EE

$2,041

$2,148-5.0%

$2,533-19.4%

$2,638-22.6%

Participant deferral / active EE

$2,104

$3,558-40.9%

$3,832-45.1%

$4,530-53.6%

Admin fee / account holder

$238

$398-40.2%

$5,476-95.7%

$348-31.6%

Provider

Service type

Compensation

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL, LLC

Service code 27

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$51,569

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$30,116

THE HASLAUER GROUP, INC.2 years

Filed as: THE HASLAUER GROUP, INC

Service code 13

1800 WILLIAMS BLVD · KENNER, LA 70062

Contract Administrator

$13,650

PEPPER SOURCE, LTD. & SUBSIDIARIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEPPER SOURCE, LTD. & SUBSIDIARIES 401(K) 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