Retirement plan

PERSEFONI AI 401(K) PLAN

Name: PERSEFONI AI INC. - PERSEFONI AI 401(K) PLAN (2023) Form 5500
Creator: PERSEFONI AI INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PERSEFONI AI 401(K) PLAN, PERSEFONI AI INC.

PERSEFONI AI INC.EIN 84-4382783Plan #001PY 2023

2415 W BROADWAY RD #41022 - MESA, AZ 85274480-780-9028persefoni.comLinkedIn201-500 employeescomputer software

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.4M

+120.1% from 2022

Total participants

268

-0.7% from 2022

Average account balance

$33,848

+131.7% from 2022

Annual return

36.21%

-104.37 pp from 2022

Benchmarks

See 6,234 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,234 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.14M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

269

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+17.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: THE RAYMOND COMPANY PENSION SERVCIE Service code 49	Other Services	$1,417
MORNINGSTAR1 year Service code 27	Advisory (Plan)	$1,035
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26	Advisory (Participants)	$139
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INSURANCE Service code 26 · EIN 71-0294708	Advisory (Participants)	$139

Plan features & details

Pension benefit codes2E2F2J2K2T3D

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).
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.
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

1 tripped

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

$3K

$16 / participant

Recordkeeping$3K100.0%

% of EOY assets

0.033%

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: SILICON VALLEY ACCOUNTANCY CORP
Auditor EIN: 770573994
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,848

$91,424-63.0%

$135,942-75.1%

$71,495-52.7%

Participation rate

88.2%

75.7%+12.5pp

81.9%+6.3pp

67.9%+20.2pp

Annual return

36.21%

29.90%+6.3pp

68.28%-32.1pp

28.85%+7.4pp

Employer contribution / active EE

$8,253

$3,704+122.8%

$4,858+69.9%

$2,589+218.7%

Participant deferral / active EE

$15,425

$7,092+117.5%

$7,759+98.8%

$4,291+259.5%

Admin fee / account holder

$11

$1,266-99.1%

$10,764-99.9%

$1,588-99.3%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: THE RAYMOND COMPANY PENSION SERVCIE

Service code 49

Other Services

$1,417

MORNINGSTAR1 year

Service code 27

Advisory (Plan)

$1,035

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26

Advisory (Participants)

$139

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INSURANCE

Service code 26 · EIN 71-0294708

Advisory (Participants)

$139

PERSEFONI AI 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PERSEFONI AI 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