Retirement plan

RETIREMENT PATH POOLED EMPLOYER PLAN

Name: PLAN PROFESSIONALS, LLC - RETIREMENT PATH POOLED EMPLOYER PLAN (2023) Form 5500
Creator: PLAN PROFESSIONALS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PATH POOLED EMPLOYER PLAN, PLAN PROFESSIONALS, LLC

PLAN PROFESSIONALS, LLCEIN 85-3213245Plan #304PY 2023

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

Other plans on this EIN

10 filings

#333Retirement-$599.1M assets #334Retirement-$566.7M assets #314Retirement-$475.1M assets #310Retirement-$307.7M assets #301Retirement-$268.7M assets #320Retirement-$79.6M assets #305Retirement-$34.8M assets #308Retirement-$17.1M assets #306Retirement-$14.6M assets #311Retirement-$11.8M assets

Prospect flagsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$40.3M

+16.7% from 2022

Total participants

956

+101.7% from 2022

Average account balance

$73,927

-76.9% from 2022

Annual return

22.16%

+22.16 pp from 2022

Benchmarks

See 822 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort822 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$55.97M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

724

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.

60.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+34.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$342

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

See the 3-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 7 by compensation

Provider	Service type	Compensation
NPPG1 year Filed as: NPPG INVESTMENT SERVICES LLC Service code 99 · EIN 32-0356844	Other Fees	$58,572
NPPG1 year Filed as: NPPG PLANNED PROFESSIONAL LLC Service code 99 · EIN 11-1000111	Other Fees	$15,493
LPL FINANCIAL1 year Service code 99 · EIN 04-3046611	Other Fees	$15,245
PENSIONMARK FINANCIAL GROUP LLC2+ years Service code 99 · EIN 61-1758632	Other Fees	$10,938
NPPG1 year Filed as: PLAN PROFESSIONAL, LLC Service code 99 · EIN 85-3213245	Other Fees	$7,119
NORTHEAST RETIREMENT SERVICES, INC.2+ years Filed as: NORTHEAST PROFESSIONAL PLANNING Service code 49 494 SYCAMORE AVE STE 100 · SHREWSBURY, NJ 07702	Other Services	$5,602
PARK AVENUE SECURITIES LLC1 year Filed as: PARK AVENUE SECURITIES, LLC Service code 55 ATTN IMAGING -1E 6255 STERNERS WAY · BETHLEHEM, PA 18017	Other Commissions	$5,507

Plan features & details

Pension benefit codes2A2E2G2K2T2S2W3D2J2F

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 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).

Expense breakdown

Schedule H Part II

Admin total

$193K

$229 / participant

Contract admin$193K100.0%

% of EOY assets

0.479%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,927

$40,385+83.1%

$80,569-8.2%

$74,419-0.7%

Participation rate

51.3%

47.4%+3.9pp

67.0%-15.7pp

70.7%-19.4pp

Annual return

22.16%

164.85%-142.7pp

935.43%-913.3pp

34.38%-12.2pp

Employer contribution / active EE

$1,104

$1,496-26.2%

$2,723-59.5%

$2,637-58.1%

Participant deferral / active EE

$3,923

$2,674+46.7%

$4,447-11.8%

$4,528-13.4%

Admin fee / account holder

$354

$720-50.8%

$5,377-93.4%

$348+1.9%

Provider

Service type

Compensation

NPPG1 year

Filed as: NPPG INVESTMENT SERVICES LLC

Service code 99 · EIN 32-0356844

Other Fees

$58,572

NPPG1 year

Filed as: NPPG PLANNED PROFESSIONAL LLC

Service code 99 · EIN 11-1000111

Other Fees

$15,493

LPL FINANCIAL1 year

Service code 99 · EIN 04-3046611

Other Fees

$15,245

PENSIONMARK FINANCIAL GROUP LLC2+ years

Service code 99 · EIN 61-1758632

Other Fees

$10,938

NPPG1 year

Filed as: PLAN PROFESSIONAL, LLC

Service code 99 · EIN 85-3213245

Other Fees

$7,119

NORTHEAST RETIREMENT SERVICES, INC.2+ years

Filed as: NORTHEAST PROFESSIONAL PLANNING

Service code 49

494 SYCAMORE AVE STE 100 · SHREWSBURY, NJ 07702

Other Services

$5,602

PARK AVENUE SECURITIES LLC1 year

Filed as: PARK AVENUE SECURITIES, LLC

Service code 55

ATTN IMAGING -1E 6255 STERNERS WAY · BETHLEHEM, PA 18017

Other Commissions

$5,507

RETIREMENT PATH POOLED EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PATH 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