Retirement plan

PROVIDER RESOURCES, INC. 401(K) PLAN

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

PROVIDER RESOURCES, INC.EIN 80-0077353Plan #001PY 2022

153 EAST 13TH STREET, SUITE 1400 - ERIE, PA 16503814-480-8732provider-resources.comLinkedIn201-500 employeesgovernment relations

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.2M

-29.8% from 2021

Total participants

-28.0% from 2021

Average account balance

$51,921

-0.0% from 2021

Annual return

-13.36%

-27.48 pp from 2021

Benchmarks

See 7,130 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,130 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.81M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

121

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.

52.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$805K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10313

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONAL PROFESSIONAL PLANNING GROU1 year Service code 55 · EIN 22-3349752	Other Commissions	$1,940
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE Service code 64 · EIN 40-0467907	Recordkeeping Fees	$1,700
PACKERLAND BROKERAGE SERVICES8+ years Service code 55 432 SECURITY BLVD STE 101 · GREEN BAY, WI 54313	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2T2J3B2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FELIX & GLOEKER, P.C.
Auditor EIN: 260001555
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,921

$110,083-52.8%

$151,639-65.8%

$68,486-24.2%

Participation rate

73.2%

84.0%-10.7pp

87.5%-14.3pp

67.9%+5.3pp

Annual return

-13.36%

-10.12%-3.2pp

3.34%-16.7pp

-7.85%-5.5pp

Employer contribution / active EE

$2,559

$4,470-42.7%

$6,165-58.5%

$2,597-1.4%

Participant deferral / active EE

$4,946

$6,526-24.2%

$8,363-40.9%

$4,028+22.8%

Admin fee / account holder

$7,718-100.0%

$11,613-100.0%

$5,404-100.0%

Provider

Service type

Compensation

NATIONAL PROFESSIONAL PLANNING GROU1 year

Service code 55 · EIN 22-3349752

Other Commissions

$1,940

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE

Service code 64 · EIN 40-0467907

Recordkeeping Fees

$1,700

PACKERLAND BROKERAGE SERVICES8+ years

Service code 55

432 SECURITY BLVD STE 101 · GREEN BAY, WI 54313

Other Commissions

PROVIDER RESOURCES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PROVIDER RESOURCES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion