Retirement plan

PEP SMART NATIONAL POOLED EMPLOYER PLAN

Name: PLAN PROFESSIONALS, LLC - PEP SMART NATIONAL POOLED EMPLOYER PLAN (2024) Form 5500
Creator: PLAN PROFESSIONALS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEP SMART NATIONAL POOLED EMPLOYER PLAN, PLAN PROFESSIONALS, LLC

PLAN PROFESSIONALS, LLCEIN 85-3213245Plan #003PY 2024

494 SYCAMORE AVE. - SHREWSBURY, NJ 07702732-758-1577

Other plans on this EIN

10 filings

#314Retirement-$1.47B assets #333Retirement-$650.2M assets #002Retirement-$610.5M assets #310Retirement-$465.7M assets #301Retirement-$355.0M assets #320Retirement-$144.8M assets #334Retirement-$129.1M assets #304Retirement-$56.0M assets #325Retirement-$52.3M assets #305Retirement-$46.1M assets

Prospect flagsHigh feesLow participationRecently reached 100 employeesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$62.6M

-100.0% from 2022

Total participants

3,609

-99.5% from 2022

Average account balance

$36,741

-92.6% from 2022

Annual return

13.85%

0.00 pp from 2022

Benchmarks

See 385 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort385 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$62.57M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

1,703

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.

33.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.86M

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

+13.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$349

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 5 by compensation

Provider	Service type	Compensation
NPPG1 year Filed as: PLAN PROFESSIONALS LLC DBA NPPG Service code 13 494 SYCAMORE AVE · GREENWOOD VILLAGESHREW, NJ 07702	Contract Administrator	$214,457
WORLD INVESTMENT ADVISORS LLC1 year Service code 13 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101	Contract Administrator	$129,913
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$20,134
NATIONAL PROF PLANNING GROUP3 years Filed as: NATIONAL PROF. PLANNING GROUP Service code 13 494 SYCAMORE AVE STE 100 · SHREWSBURY, NJ 07702	Contract Administrator	$19,202
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,480

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$595K

$206 / participant

Contract admin$388K65.1%
Other / not subdivided$208K34.9%

% of EOY assets

0.951%

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: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,741

$45,022-18.4%

$85,240-56.9%

$200,096-81.6%

Participation rate

33.9%

45.8%-11.9pp

67.5%-33.6pp

72.0%-38.1pp

Annual return

13.85%

21.00%-7.2pp

66.75%-52.9pp

34.26%-20.4pp

Employer contribution / active EE

$683

$1,374-50.3%

$2,735-75.0%

$3,038-77.5%

Participant deferral / active EE

$2,042

$2,682-23.9%

$4,527-54.9%

$5,090-59.9%

Admin fee / account holder

$349

$585-40.3%

$6,165-94.3%

$269+29.8%

Provider

Service type

Compensation

NPPG1 year

Filed as: PLAN PROFESSIONALS LLC DBA NPPG

Service code 13

494 SYCAMORE AVE · GREENWOOD VILLAGESHREW, NJ 07702

Contract Administrator

$214,457

WORLD INVESTMENT ADVISORS LLC1 year

Service code 13

24 E COTA ST STE 200 · SANTA BARBARA, CA 93101

Contract Administrator

$129,913

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$20,134

NATIONAL PROF PLANNING GROUP3 years

Filed as: NATIONAL PROF. PLANNING GROUP

Service code 13

494 SYCAMORE AVE STE 100 · SHREWSBURY, NJ 07702

Contract Administrator

$19,202

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,480

PEP SMART NATIONAL POOLED EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEP SMART NATIONAL POOLED EMPLOYER 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