Retirement plan

PRIMARY SERVICES, L.P. 401(K) PLAN

Name: PRIMARY SERVICES, L.P. - PRIMARY SERVICES, L.P. 401(K) PLAN (2022) Form 5500
Creator: PRIMARY SERVICES, L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRIMARY SERVICES, L.P. 401(K) PLAN, PRIMARY SERVICES, L.P.

PRIMARY SERVICES, L.P.EIN 76-0249188Plan #002PY 2022

9811 KATY FREEWAY SUITE 300 - HOUSTON, TX 77024713-850-7010primaryservices.comLinkedIn11-50 employeesstaffing and recruiting

Other plans on this EIN

1 filing

#001Retirement--

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$1.5M

No prior year

Total participants

342

No prior year

Average account balance

$37,064

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 779 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort779 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.22M

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.

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.

39.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$225K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4602

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 1 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1+ years Filed as: NEXT FINANCIAL GROUP, INC. Service code 27 · EIN 54-1900002 2500 WILCREST DR. · HOUSTON, TX 77042	Advisory (Plan)	$7,519

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$8K

$24 / participant

Contract admin$8K100.0%

% of EOY assets

0.549%

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: MJCO, LLC
Auditor EIN: 832175462
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,064

$34,677+6.9%

$77,027-51.9%

$64,811-42.8%

Participation rate

11.7%

49.8%-38.1pp

67.9%-56.2pp

71.5%-59.7pp

Annual return

0.00%

-5.33%+5.3pp

42.32%-42.3pp

32.83%-32.8pp

Employer contribution / active EE

$61

$1,370-95.5%

$2,813-97.8%

$2,506-97.5%

Participant deferral / active EE

$547

$2,556-78.6%

$4,427-87.6%

$4,310-87.3%

Admin fee / account holder

$204

$179+14.0%

$5,425-96.2%

$188+8.4%

Provider

Service type

Compensation

LPL FINANCIAL1+ years

Filed as: NEXT FINANCIAL GROUP, INC.

Service code 27 · EIN 54-1900002

2500 WILCREST DR. · HOUSTON, TX 77042

Advisory (Plan)

$7,519

PRIMARY SERVICES, L.P. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRIMARY SERVICES, L.P. 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