Retirement plan

PRIDESTAFF, INC. 401(K) PLAN

Name: PRIDESTAFF, INC. - PRIDESTAFF, INC. 401(K) PLAN (2023) 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 2023

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.9M

+34.6% from 2022

Total participants

758

-4.5% from 2022

Average account balance

$32,701

+34.6% from 2022

Annual return

20.27%

+37.96 pp from 2022

Benchmarks

See 820 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort820 peers

Snapshot2023

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
NATIONWIDE5 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$55,329
MOORE GRIDER & COMPANY4 years Filed as: MOORE GRIDER & COMPANY LLP Service code 10 325 E SIERRA AVE · FRESNO, CA 93711	Accounting	$5,625
ACTIVE GRAPHICS, IC.3 years Filed as: ACTIVE CORE - PASSIVE TARGETDATE Service code 28 5440 W. 110TH ST. · SHAWNEE MISSION, KS 66211	Investment Management	$3,446
AMERIPRISE FINANCIAL SERVICES INC9+ 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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$64K

$100 / participant

Investment mgmt$4K6.4%
Contract admin$60K93.6%

% of EOY assets

0.810%

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

$32,701

$40,435-19.1%

$80,627-59.4%

$74,460-56.1%

Participation rate

20.3%

47.4%-27.1pp

67.0%-46.7pp

70.7%-50.5pp

Annual return

20.27%

165.19%-144.9pp

936.76%-916.5pp

34.38%-14.1pp

Employer contribution / active EE

$463

$1,498-69.1%

$2,723-83.0%

$2,638-82.4%

Participant deferral / active EE

$1,417

$2,673-47.0%

$4,443-68.1%

$4,530-68.7%

Admin fee / account holder

$265

$721-63.2%

$5,381-95.1%

$348-23.8%

Provider

Service type

Compensation

NATIONWIDE5 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$55,329

MOORE GRIDER & COMPANY4 years

Filed as: MOORE GRIDER & COMPANY LLP

Service code 10

325 E SIERRA AVE · FRESNO, CA 93711

Accounting

$5,625

ACTIVE GRAPHICS, IC.3 years

Filed as: ACTIVE CORE - PASSIVE TARGETDATE

Service code 28

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

Investment Management

$3,446

AMERIPRISE FINANCIAL SERVICES INC9+ 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