Retirement plan

PUENTE TECHNOLOGY, LLC 401(K) PROFIT SHARING PLAN

Name: PUENTE TECHNOLOGY, LLC - PUENTE TECHNOLOGY, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: PUENTE TECHNOLOGY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PUENTE TECHNOLOGY, LLC 401(K) PROFIT SHARING PLAN, PUENTE TECHNOLOGY, LLC

PUENTE TECHNOLOGY, LLCEIN 80-0447828Plan #001PY 2022

514 PROGRESS DRIVE, SUITE T - LINTHICUM, MD 21090202-470-6967LinkedIn1-10 employeesconstruction

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$129K

+27.8% from 2021

Total participants

+14.3% from 2021

Average account balance

$32,212

-4.2% from 2021

Annual return

-12.59%

-25.67 pp from 2021

Benchmarks

See 48,297 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,297 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+1.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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

$258

$37 / participant

Other / not subdivided$258100.0%

% of EOY assets

0.200%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,212

$133,983-76.0%

$112,244-71.3%

$134,493-76.0%

Participation rate

42.9%

78.6%-35.7pp

75.1%-32.2pp

81.2%-38.4pp

Annual return

-12.59%

47.13%-59.7pp

27.46%-40.1pp

418.01%-430.6pp

Employer contribution / active EE

$2,219

$4,039-45.1%

$3,635-39.0%

$4,740-53.2%

Participant deferral / active EE

$3,594

$5,291-32.1%

$4,728-24.0%

$6,400-43.8%

Admin fee / account holder

$65

$7,490-99.1%

$6,411-99.0%

$11,425-99.4%

PUENTE TECHNOLOGY, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PUENTE TECHNOLOGY, LLC 401(K) PROFIT SHARING 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