Retirement plan

PERSONNEL MANAGEMENT INC. 401(K) PLAN

Name: PERSONNEL MANAGEMENT, INC. - PERSONNEL MANAGEMENT INC. 401(K) PLAN (2016) Form 5500
Creator: PERSONNEL MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PERSONNEL MANAGEMENT INC. 401(K) PLAN, PERSONNEL MANAGEMENT, INC.

PERSONNEL MANAGEMENT, INC.EIN 82-0431301Plan #001PY 2016

1070 RIVERWALK DRIVE, SUITE 200 - IDAHO FALLS, ID 83402208-524-3341

Prospect flagsLow participationLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2.3M

No prior year

Total participants

102

No prior year

Average account balance

$57,548

No prior year

Annual return

8.39%

No prior year

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.98M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

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.

63.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

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

+14.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1269

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC1+ years Filed as: CETERA ADVISORS LLC Service code 27 200 N. SEPULVEDA #1200 · EL SEGUNDO, CA 90245	Advisory (Plan)	$7,447
PROFESSIONAL BENEFIT SERVICES1+ years Filed as: PROFESSIONAL BENEFIT SERVICES INC Service code 13	Contract Administrator	$2,007
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT-WEST LIFE & ANNUITY CO. Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$937
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$8
CETERA ADVISOR NETWORKS LLC2+ years Filed as: CETERA ADVISORS, LLC Service code 55 200 N. SEPULVEDA #1200 · EL SEGUNDO, CA 90245	Other Commissions	$0
PROFESSIONAL BENEFIT SERVICES2+ years Service code 13 · EIN 93-0998477 1193 ROYVONNE SE, SUITE 22 · SALEM, OR 97302	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$945

$10 / participant

Other / not subdivided$945100.0%

% of EOY assets

0.041%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MATTHEW REGEN, CPA PC
Auditor EIN: 202511798
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,548

$76,551-24.8%

$123,894-53.6%

$62,881-8.5%

Participation rate

34.0%

73.0%-38.9pp

81.4%-47.4pp

69.3%-35.3pp

Annual return

8.39%

18.68%-10.3pp

47.52%-39.1pp

20.14%-11.8pp

Employer contribution / active EE

$788

$2,882-72.7%

$4,617-82.9%

$2,281-65.5%

Participant deferral / active EE

$1,407

$4,840-70.9%

$5,984-76.5%

$3,203-56.1%

Admin fee / account holder

$24

$4,826-99.5%

$8,357-99.7%

$4,296-99.5%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1+ years

Filed as: CETERA ADVISORS LLC

Service code 27

200 N. SEPULVEDA #1200 · EL SEGUNDO, CA 90245

Advisory (Plan)

$7,447

PROFESSIONAL BENEFIT SERVICES1+ years

Filed as: PROFESSIONAL BENEFIT SERVICES INC

Service code 13

Contract Administrator

$2,007

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT-WEST LIFE & ANNUITY CO.

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$937

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

CETERA ADVISOR NETWORKS LLC2+ years

Filed as: CETERA ADVISORS, LLC

Service code 55

200 N. SEPULVEDA #1200 · EL SEGUNDO, CA 90245

Other Commissions

PROFESSIONAL BENEFIT SERVICES2+ years

Service code 13 · EIN 93-0998477

1193 ROYVONNE SE, SUITE 22 · SALEM, OR 97302

Contract Administrator

PERSONNEL MANAGEMENT INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PERSONNEL MANAGEMENT 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