Retirement plan

ISOLVED 401-K PLAN

Name: PLAN PROFESSIONALS, LLC - ISOLVED 401-K PLAN (2024) Form 5500
Creator: PLAN PROFESSIONALS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ISOLVED 401-K PLAN, PLAN PROFESSIONALS, LLC

PLAN PROFESSIONALS, LLCEIN 85-3213245Plan #310PY 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 #301Retirement-$355.0M assets #320Retirement-$144.8M assets #334Retirement-$129.1M assets #003Retirement-$62.6M assets #304Retirement-$56.0M assets #325Retirement-$52.3M assets #305Retirement-$46.1M assets

Prospect flagsLow participationLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$465.7M

-47.3% from 2023

Total participants

51,743

-59.6% from 2023

Average account balance

$19,193

+17.5% from 2023

Annual return

36.80%

-70.69 pp from 2023

Benchmarks

See 56 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort56 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$465.69M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

24,264

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.

42.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$89.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+36.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$133

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$1,883,370
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$385,814
ONEDIGITAL INVESTMENT ADVISORS LLC3+ years Filed as: ONEDIGITAL INVESTMENT ADVISORS Service code 27 · EIN 43-1451524	Advisory (Plan)	$378,593
PLAN DESIGN CONSULTANTS, INC.3+ years Filed as: PLAN PROFESSIONALS, LLC D/B/A NPPG Service code 15 · EIN 85-3213245	Recordkeeping	$323,543
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH, INC Service code 27 · EIN 93-0987232	Advisory (Plan)	$147,665
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC (MS Service code 27 · EIN 26-4310632	Advisory (Plan)	$143,647
WOODBURY FINANCIAL SERVICES2 years Filed as: WOODBURY FINANCIAL SERVICES, INC. Service code 27 · EIN 41-0944586	Advisory (Plan)	$12,319
AMERIPRISE FINANCIAL SERVICES INC2 years Service code 27 · EIN 41-0973005	Advisory (Plan)	$10,884

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T2W3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$3.2M

$68 / participant

Contract admin$3M100.0%

% of EOY assets

0.694%

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

$19,193

$42,127-54.4%

$85,240-77.5%

$106,553-82.0%

Participation rate

42.1%

36.6%+5.5pp

67.5%-25.4pp

69.8%-27.7pp

Annual return

36.80%

36.21%+0.6pp

66.75%-30.0pp

17.37%+19.4pp

Employer contribution / active EE

$496

$825-39.9%

$2,735-81.9%

$3,359-85.2%

Participant deferral / active EE

$1,386

$2,066-32.9%

$4,527-69.4%

$5,562-75.1%

Admin fee / account holder

$133

$114+17.4%

$6,165-97.8%

$80+67.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$1,883,370

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$385,814

ONEDIGITAL INVESTMENT ADVISORS LLC3+ years

Filed as: ONEDIGITAL INVESTMENT ADVISORS

Service code 27 · EIN 43-1451524

Advisory (Plan)

$378,593

PLAN DESIGN CONSULTANTS, INC.3+ years

Filed as: PLAN PROFESSIONALS, LLC D/B/A NPPG

Service code 15 · EIN 85-3213245

Recordkeeping

$323,543

OSAIC WEALTH INC1 year

Filed as: OSAIC WEALTH, INC

Service code 27 · EIN 93-0987232

Advisory (Plan)

$147,665

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC (MS

Service code 27 · EIN 26-4310632

Advisory (Plan)

$143,647

WOODBURY FINANCIAL SERVICES2 years

Filed as: WOODBURY FINANCIAL SERVICES, INC.

Service code 27 · EIN 41-0944586

Advisory (Plan)

$12,319

AMERIPRISE FINANCIAL SERVICES INC2 years

Service code 27 · EIN 41-0973005

Advisory (Plan)

$10,884

ISOLVED 401-K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ISOLVED 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