Retirement plan

PROTECH SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: PROTECH SOLUTIONS, INC. - PROTECH SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: PROTECH SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROTECH SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST, PROTECH SOLUTIONS, INC.

PROTECH SOLUTIONS, INC.EIN 73-1465867Plan #001PY 2024

303 W CAPITOL AVE SUITE 330 - LITTLE ROCK, AR 722013517501-687-2305protechsolutions.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$21.9M

+19.2% from 2023

Total participants

179

+11.2% from 2023

Average account balance

$145,349

+12.8% from 2023

Annual return

12.84%

-8.26 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.95M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

151

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.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$622

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$41,461
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 26 · EIN 13-4110995	Advisory (Participants)	$34,525
HOGANTAYLOR LLP9 years Filed as: HOGAN TAYLOR LLP Service code 10 · EIN 73-1413977	Accounting	$19,100

Plan features & details

Pension benefit codes2E2G2J2K2T3H3D2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 tripped

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.
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

$94K

$610 / participant

Recordkeeping$40K42.9%
Investment mgmt$35K36.7%
Other / not subdivided$19K20.3%

% of EOY assets

0.428%

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: HOGANTAYLOR, LLP
Auditor EIN: 731413977
Audit fees: $19,100
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,349

$101,672+43.0%

$147,117-1.2%

$74,478+95.2%

Participation rate

81.8%

75.5%+6.3pp

82.2%-0.4pp

67.2%+14.6pp

Annual return

12.84%

8757.83%-8745.0pp

420.54%-407.7pp

1370.56%-1357.7pp

Employer contribution / active EE

$2,353

$3,813-38.3%

$4,932-52.3%

$2,626-10.4%

Participant deferral / active EE

$8,170

$7,305+11.8%

$8,065+1.3%

$4,350+87.8%

Admin fee / account holder

$622

$1,753-64.5%

$12,993-95.2%

$1,946-68.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$41,461

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 26 · EIN 13-4110995

Advisory (Participants)

$34,525

HOGANTAYLOR LLP9 years

Filed as: HOGAN TAYLOR LLP

Service code 10 · EIN 73-1413977

Accounting

$19,100

PROTECH SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROTECH SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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