Retirement plan

PRIDESTAFF, INC. 401(K) PLAN

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

PRIDESTAFF, INC.EIN 77-0096099Plan #001PY 2022

7535 N. PALM AVE. - FRESNO, CA 93711559-432-7780pridestaff.comLinkedIn501-1000 employeesstaffing and recruiting

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$5.9M

-14.5% from 2021

Total participants

794

+4.1% from 2021

Average account balance

$24,289

-26.1% from 2021

Annual return

-17.68%

-53.04 pp from 2021

Benchmarks

See 780 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort780 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.56M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

250

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.

20.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$45

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE4 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$53,320
MOORE GRIDER & COMPANY3 years Filed as: MOORE GRIDER & COMPANY LLP Service code 10 325 E SIERRA AVE · FRESNO, CA 93711	Accounting	$4,125
ACTIVE GRAPHICS, IC.2 years Filed as: ACTIVE CORE - PASSIVE TARGETDATE Service code 28 5440 W. 110TH ST. · SHAWNEE MISSION, KS 66211	Investment Management	$2,984
AMERIPRISE FINANCIAL SERVICES INC8+ years Filed as: AMERIPRISE FINANCIAL Service code 28 50082 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$60K

$89 / participant

Investment mgmt$3K5.7%
Contract admin$53K87.5%
Other / not subdivided$4K6.8%

% of EOY assets

1.024%

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: DEDEDIAN, GEORGE, SMALL & MARKARIAN
Auditor EIN: 770000369
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,289

$34,634-29.9%

$77,100-68.5%

$64,824-62.5%

Participation rate

19.1%

49.8%-30.7pp

67.9%-48.8pp

71.5%-52.4pp

Annual return

-17.68%

-5.31%-12.4pp

42.35%-60.0pp

32.84%-50.5pp

Employer contribution / active EE

$488

$1,385-64.8%

$2,815-82.7%

$2,507-80.5%

Participant deferral / active EE

$1,402

$2,553-45.1%

$4,430-68.3%

$4,311-67.5%

Admin fee / account holder

$249

$178+39.5%

$5,443-95.4%

$188+32.4%

Provider

Service type

Compensation

NATIONWIDE4 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$53,320

MOORE GRIDER & COMPANY3 years

Filed as: MOORE GRIDER & COMPANY LLP

Service code 10

325 E SIERRA AVE · FRESNO, CA 93711

Accounting

$4,125

ACTIVE GRAPHICS, IC.2 years

Filed as: ACTIVE CORE - PASSIVE TARGETDATE

Service code 28

5440 W. 110TH ST. · SHAWNEE MISSION, KS 66211

Investment Management

$2,984

AMERIPRISE FINANCIAL SERVICES INC8+ years

Filed as: AMERIPRISE FINANCIAL

Service code 28

50082 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474

Investment Management

PRIDESTAFF, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRIDESTAFF, INC. 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