Retirement plan

PERATON CORP. RETIREMENT SAVINGS PLAN

Name: PERATON CORP. - PERATON CORP. RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: PERATON CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PERATON CORP. RETIREMENT SAVINGS PLAN, PERATON CORP.

PERATON CORP.EIN 81-5224276Plan #002PY 2022

1875 EXPLORER STREET - RESTON, VA 20190571-313-6000peraton.comLinkedIn10001+ employeesinternet

Prospect flagsLow returnsFailed to transmit contributionsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$1652.6M

-21.9% from 2023

Total participants

25,286

-1.6% from 2023

Average account balance

$67,488

-20.4% from 2023

Annual return

-23.61%

-45.06 pp from 2023

Benchmarks

See 97 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort97 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.52B

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

26,283

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$315.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 37 · EIN 04-2647786	Loan Processing	$711,292
ALIGHT SOLUTIONS LLC1+ years Filed as: ALIGHT SOLUTIONS Service code 16 · EIN 82-1061233	Consulting	$166,508
AON CONSULTING1+ years Filed as: AON CONSULTING INC Service code 16 · EIN 22-2232264	Consulting	$117,485
AON CONSULTING1+ years Filed as: AON INVESTMENTS USA INC. Service code 27 · EIN 36-3109431	Advisory (Plan)	$85,006
STRATEGIC ADVISORS, INC.1+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$72,002
THE BANK OF NEW YORK MELLON1+ years Filed as: BNY MELLON Service code 49 · EIN 13-5160382	Other Services	$46,391
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: MCCONNELL & JONES LLP Service code 10 · EIN 76-0488832	Accounting	$38,500
KESTRA INVESTMENT SERVICES LLC1+ years Filed as: KESTRA INVESTMENTS Service code 27 · EIN 35-2552359	Advisory (Plan)	$19,843
COHN REZNICK LLP1+ years Filed as: COHN REZNICK Service code 10 · EIN 22-1478099	Accounting	$19,380

Plan features & details

Pension benefit codes2T2J2K2E2G3H2R2S

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$59 / participant

Investment mgmt$72K7.0%
Other / not subdivided$958K93.0%

% of EOY assets

0.062%

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: MCCONNELL AND JONES LLP
Auditor EIN: 760488832
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,488

$90,672-25.6%

$125,401-46.2%

$89,433-24.5%

Participation rate

95.5%

72.3%+23.2pp

82.4%+13.1pp

71.3%+24.2pp

Annual return

-23.61%

-6.42%-17.2pp

572.53%-596.1pp

-11.88%-11.7pp

Employer contribution / active EE

$5,398

$3,032+78.1%

$4,816+12.1%

$3,021+78.7%

Participant deferral / active EE

$11,180

$7,210+55.1%

$7,448+50.1%

$5,125+118.2%

Admin fee / account holder

$42

$69-39.1%

$10,008-99.6%

$79-47.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 37 · EIN 04-2647786

Loan Processing

$711,292

ALIGHT SOLUTIONS LLC1+ years

Filed as: ALIGHT SOLUTIONS

Service code 16 · EIN 82-1061233

Consulting

$166,508

AON CONSULTING1+ years

Filed as: AON CONSULTING INC

Service code 16 · EIN 22-2232264

Consulting

$117,485

AON CONSULTING1+ years

Filed as: AON INVESTMENTS USA INC.

Service code 27 · EIN 36-3109431

Advisory (Plan)

$85,006

STRATEGIC ADVISORS, INC.1+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$72,002

THE BANK OF NEW YORK MELLON1+ years

Filed as: BNY MELLON

Service code 49 · EIN 13-5160382

Other Services

$46,391

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: MCCONNELL & JONES LLP

Service code 10 · EIN 76-0488832

Accounting

$38,500

KESTRA INVESTMENT SERVICES LLC1+ years

Filed as: KESTRA INVESTMENTS

Service code 27 · EIN 35-2552359

Advisory (Plan)

$19,843

COHN REZNICK LLP1+ years

Filed as: COHN REZNICK

Service code 10 · EIN 22-1478099

Accounting

$19,380

PERATON CORP. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PERATON CORP. RETIREMENT SAVINGS 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