Retirement plan

ACCRUEWISE PEP

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

PLAN PROFESSIONALS, LLCEIN 85-3213245Plan #334PY 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 #003Retirement-$62.6M assets #304Retirement-$56.0M assets #325Retirement-$52.3M assets #305Retirement-$46.1M assets

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$129.1M

-92.7% from 2023

Total participants

5,874

-86.6% from 2023

Average account balance

$36,412

-57.2% from 2023

Annual return

-76.89%

-1200.36 pp from 2023

Benchmarks

See 62 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort62 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$129.08M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

3,545

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.

54.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$59.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

-76.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 15 · EIN 13-3689044	Recordkeeping	$316,662
CREATIVE PLANNING LLC2 years Filed as: CREATIVE PLANNING Service code 27 · EIN 84-4519624	Advisory (Plan)	$191,626
PLAN DESIGN CONSULTANTS, INC.3+ years Filed as: PLAN PROFESSIONALS, LLC D/B/A NPPG Service code 15 · EIN 85-3213245	Recordkeeping	$102,861
KRAFT CPAS, PLLC2 years Filed as: KRAFT CPAS PLLC Service code 10 · EIN 81-0672037	Accounting	$32,538
PSK LLP1 year Service code 10 · EIN 75-1486711	Accounting	$13,500
SERVANT SPIRIT SERVICES LLC1 year Service code 99 · EIN 93-4904307	Other Fees	$11,442
360 PAYROLL INTEGRATION CORP2 years Filed as: 360 PAYROLL INTEGRATION Service code 99 · EIN 83-3880266	Other Fees	$8,936

Plan features & details

Pension benefit codes2A2E2F2G2J2W3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$601K

$117 / participant

Contract admin$601K100.0%

% of EOY assets

0.466%

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

$36,412

$41,039-11.3%

$85,240-57.3%

$99,313-63.3%

Participation rate

54.5%

34.4%+20.1pp

67.5%-13.0pp

71.7%-17.2pp

Annual return

-76.89%

17.44%-94.3pp

66.75%-143.6pp

17.67%-94.6pp

Employer contribution / active EE

$2,904

$1,106+162.6%

$2,735+6.2%

$3,264-11.0%

Participant deferral / active EE

$8,622

$2,193+293.2%

$4,527+90.5%

$5,346+61.3%

Admin fee / account holder

$170

$177-4.2%

$6,165-97.2%

$109+55.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$316,662

CREATIVE PLANNING LLC2 years

Filed as: CREATIVE PLANNING

Service code 27 · EIN 84-4519624

Advisory (Plan)

$191,626

PLAN DESIGN CONSULTANTS, INC.3+ years

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

Service code 15 · EIN 85-3213245

Recordkeeping

$102,861

KRAFT CPAS, PLLC2 years

Filed as: KRAFT CPAS PLLC

Service code 10 · EIN 81-0672037

Accounting

$32,538

PSK LLP1 year

Service code 10 · EIN 75-1486711

Accounting

$13,500

SERVANT SPIRIT SERVICES LLC1 year

Service code 99 · EIN 93-4904307

Other Fees

$11,442

360 PAYROLL INTEGRATION CORP2 years

Filed as: 360 PAYROLL INTEGRATION

Service code 99 · EIN 83-3880266

Other Fees

$8,936

ACCRUEWISE PEP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACCRUEWISE PEP

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