Retirement plan

CPR ADVISOR K MEP FIDUCIARY WISE LLC

Name: FIDUCIARY WISE, LLC FBO PSN SERVICES, LLC - CPR ADVISOR K MEP FIDUCIARY WISE LLC (2023) Form 5500
Creator: FIDUCIARY WISE, LLC FBO PSN SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CPR ADVISOR K MEP FIDUCIARY WISE LLC, FIDUCIARY WISE, LLC FBO PSN SERVICES, LLC

FIDUCIARY WISE, LLC FBO PSN SERVICES, LLCEIN 82-4690433Plan #340PY 2023

2487 S. GILBERT ROAD, SUITE 106-454 - GILBERT, AZ 85295888-402-9473

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.4M

+29.8% from 2022

Total participants

1,049

-5.7% from 2022

Average account balance

$16,179

+24.4% from 2022

Annual return

19.40%

+30.52 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.85M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

581

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.

41.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$228

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 3 by compensation

Provider	Service type	Compensation
CPR FINANCIAL & INSURANCE SERVICES4 years Service code 26 · EIN 47-1864063 2770 MAIN STREET #266 · FRISCO, TX 75033	Advisory (Participants)	$46,577
FUTUREBENEFITS OF AMERICA5 years Service code 26 · EIN 62-1751967 11177 HIGHWAY 70 SUITE 201 · ARLINGTON, TN 38002	Advisory (Participants)	$38,066
FIDUCIARY WISE, LLC3 years Service code 14 · EIN 81-3799174 2487 SOUTH GILBERT ROAD · GILBERT, AZ 85295	Plan Administrator	$7,622

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$102K

$129 / participant

Recordkeeping$102K100.0%

% of EOY assets

1.094%

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: JASON UNDERWOOD CPA, PLLC
Auditor EIN: 453976013
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,179

$47,180-65.7%

$149,723-89.2%

$74,473-78.3%

Participation rate

40.5%

63.4%-22.9pp

78.8%-38.2pp

70.7%-30.2pp

Annual return

19.40%

22.75%-3.3pp

134.50%-115.1pp

34.36%-15.0pp

Employer contribution / active EE

$1,276

$1,907-33.1%

$4,821-73.5%

$2,638-51.6%

Participant deferral / active EE

$2,168

$2,730-20.6%

$5,682-61.9%

$4,530-52.1%

Admin fee / account holder

$177

$343-48.4%

$13,215-98.7%

$347-49.0%

Provider

Service type

Compensation

CPR FINANCIAL & INSURANCE SERVICES4 years

Service code 26 · EIN 47-1864063

2770 MAIN STREET #266 · FRISCO, TX 75033

Advisory (Participants)

$46,577

FUTUREBENEFITS OF AMERICA5 years

Service code 26 · EIN 62-1751967

11177 HIGHWAY 70 SUITE 201 · ARLINGTON, TN 38002

Advisory (Participants)

$38,066

FIDUCIARY WISE, LLC3 years

Service code 14 · EIN 81-3799174

2487 SOUTH GILBERT ROAD · GILBERT, AZ 85295

Plan Administrator

$7,622

CPR ADVISOR K MEP FIDUCIARY WISE LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CPR ADVISOR K MEP FIDUCIARY WISE LLC

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