Retirement plan

PMGG LLC 401(K) 401(K) PROFIT SHARING PLAN & TRUST

Name: PMGG LLC 401(K) - PMGG LLC 401(K) 401(K) PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: PMGG LLC 401(K)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PMGG LLC 401(K) 401(K) PROFIT SHARING PLAN & TRUST, PMGG LLC 401(K)

PMGG LLC 401(K)dba 401(K) PROFIT SHARING PLAN & TRUSTEIN 83-2894520Plan #001PY 2023

301 E CARMEL DR SUITE G100 - CARMEL, IN 46032317-975-1973

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$51K

+130.0% from 2021

Total participants

402

+88.7% from 2021

Average account balance

$136

+28.4% from 2021

Annual return

25.68%

+3.99 pp from 2021

Benchmarks

See 1,918 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,918 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$82K

Not enough data

1 years with asset history on file

Average account balance

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

$970

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.

70.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$43K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$376

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

+9.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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

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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$504

$4 / participant

Trustee / custodial$504100.0%

% of EOY assets

0.984%

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: COMER NOWLING & ASSOCIATES
Auditor EIN: 352119569
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136

$58,292-99.8%

$86,640-99.8%

$71,511-99.8%

Participation rate

83.0%

65.0%+18.0pp

71.7%+11.3pp

67.9%+15.0pp

Annual return

25.68%

21.63%+4.1pp

592.52%-566.8pp

28.86%-3.2pp

Employer contribution / active EE

$2,574-100.0%

$3,024-100.0%

$2,589-100.0%

Participant deferral / active EE

$242

$3,438-92.9%

$4,438-94.5%

$4,291-94.3%

Admin fee / account holder

$1,057-99.9%

$5,616-100.0%

$1,588-99.9%

PMGG LLC 401(K) 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PMGG LLC 401(K) 401(K) PROFIT SHARING PLAN & TRUST

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