Retirement plan

PCF INSURANCE SERVICES OF THE WEST, LLC 401(K) CASH OR DEFERRED PROFIT SHARING PLAN

Name: PCF INSURANCE SERVICES OF THE WEST, LLC - PCF INSURANCE SERVICES OF THE WEST, LLC 401(K) CASH OR DEFERRED PROFIT SHARING PLAN (2023) Form 5500
Creator: PCF INSURANCE SERVICES OF THE WEST, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PCF INSURANCE SERVICES OF THE WEST, LLC 401(K) CASH OR DEFERRED PROFIT SHARING PLAN, PCF INSURANCE SERVICES OF THE WEST, LLC

PCF INSURANCE SERVICES OF THE WEST, LLCEIN 82-1368960Plan #001PY 2023

21300 VICTORY BLVD., SUITE 700 - WOODLAND HILLS, CA 91367818-703-8057LinkedIn11-50 employees

Other plans on this EIN

1 filing

#003Retirement-$1.5M assets

Prospect flagsHigh cashLow participationCorrective distributions

How to read this page

Total assets (EOY)

$84M

+36.1% from 2022

Total participants

2,818

+4.3% from 2022

Average account balance

$46,884

+24.8% from 2022

Annual return

22.47%

-12.09 pp from 2022

Benchmarks

See 577 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort577 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$109.10M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

1,935

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.

63.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+21.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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
R-TECH CONSULTANTS, INC.1 year Filed as: R-TECH CONSULTANTS INC Service code 13 21331 COSTANSO STREET · WOODLAND HILLS, CA 91364	Contract Administrator	$98,495
MONARCH PLAN ADVISORS2 years Filed as: MONARCH CORPORATE ADVISORS INC. Service code 27 3355 COCHRAN ST. #101 · SIMI VALLEY, CA 93063	Advisory (Plan)	$69,334
PENSION ASSURANCE LLP1 year Service code 10 20335 VENTURA BLVD. SUITE 305 · WOODLAND HILLS, CA 91364	Accounting	$22,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUTY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,360

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$5K

$2 / participant

Contract admin$5K100.0%

% of EOY assets

0.005%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,884

$112,686-58.4%

$170,043-72.4%

$80,157-41.5%

Participation rate

59.3%

87.4%-28.1pp

87.0%-27.7pp

72.9%-13.7pp

Annual return

22.47%

67.04%-44.6pp

53.40%-30.9pp

40.39%-17.9pp

Employer contribution / active EE

$1,577

$4,481-64.8%

$6,790-76.8%

$2,977-47.0%

Participant deferral / active EE

$4,767

$7,876-39.5%

$10,410-54.2%

$5,015-4.9%

Admin fee / account holder

$99-97.5%

$12,824-100.0%

$145-98.3%

Provider

Service type

Compensation

R-TECH CONSULTANTS, INC.1 year

Filed as: R-TECH CONSULTANTS INC

Service code 13

21331 COSTANSO STREET · WOODLAND HILLS, CA 91364

Contract Administrator

$98,495

MONARCH PLAN ADVISORS2 years

Filed as: MONARCH CORPORATE ADVISORS INC.

Service code 27

3355 COCHRAN ST. #101 · SIMI VALLEY, CA 93063

Advisory (Plan)

$69,334

PENSION ASSURANCE LLP1 year

Service code 10

20335 VENTURA BLVD. SUITE 305 · WOODLAND HILLS, CA 91364

Accounting

$22,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUTY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,360

PCF INSURANCE SERVICES OF THE WEST, LLC 401(K) CASH OR DEFERRED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PCF INSURANCE SERVICES OF THE WEST, LLC 401(K) CASH OR DEFERRED 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