Retirement plan

ACCRUEWISE PEP

Name: PLAN PROFESSIONALS, LLC - ACCRUEWISE PEP (2023) 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 2023

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

Other plans on this EIN

10 filings

#333Retirement-$599.7M assets #314Retirement-$475.1M assets #310Retirement-$307.7M assets #301Retirement-$268.7M assets #320Retirement-$79.6M assets #304Retirement-$40.3M assets #305Retirement-$34.8M assets #308Retirement-$17.1M assets #306Retirement-$14.6M assets #311Retirement-$11.8M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$566.7M

-92.7% from 2023

Total participants

7,428

-86.6% from 2023

Average account balance

$98,253

-57.2% from 2023

Annual return

1200.36%

-1200.36 pp from 2023

Benchmarks

See 50 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort50 peers

Snapshot2023

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 15 · EIN 13-3689044	Recordkeeping	$305,437
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING Service code 27 · EIN 84-4519624	Advisory (Plan)	$167,266
PLAN DESIGN CONSULTANTS, INC.2+ years Filed as: PLAN PROFESSIONALS, LLC D/B/A NPPG Service code 15 · EIN 85-3213245	Recordkeeping	$143,928
360 PAYROLL INTEGRATION CORP1 year Filed as: 360 PAYROLL INTEGRATION Service code 99 · EIN 83-3880266	Other Fees	$13,307
KRAFT CPAS, PLLC1 year Filed as: KRAFT CPAS PLLC Service code 10 · EIN 81-0672037	Accounting	$10,400
LOCKTON INVESTMENT ADVISORS, LLC2+ years Filed as: LOCKTON INVESTMENT ADVISORS LLC Service code 27 · EIN 20-8874282	Advisory (Plan)	$7,500

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

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

$597K

$91 / participant

Contract admin$597K100.0%

% of EOY assets

0.105%

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

$98,253

$36,489+169.3%

$80,669+21.8%

$103,657-5.2%

Participation rate

74.6%

39.1%+35.5pp

67.0%+7.6pp

73.4%+1.2pp

Annual return

1200.36%

64.53%+1135.8pp

937.61%+262.7pp

33.13%+1167.2pp

Employer contribution / active EE

$3,225

$1,018+216.8%

$2,724+18.4%

$3,216+0.3%

Participant deferral / active EE

$9,373

$2,389+292.3%

$4,444+110.9%

$5,218+79.6%

Admin fee / account holder

$103

$479-78.4%

$5,384-98.1%

$114-9.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$305,437

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING

Service code 27 · EIN 84-4519624

Advisory (Plan)

$167,266

PLAN DESIGN CONSULTANTS, INC.2+ years

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

Service code 15 · EIN 85-3213245

Recordkeeping

$143,928

360 PAYROLL INTEGRATION CORP1 year

Filed as: 360 PAYROLL INTEGRATION

Service code 99 · EIN 83-3880266

Other Fees

$13,307

KRAFT CPAS, PLLC1 year

Filed as: KRAFT CPAS PLLC

Service code 10 · EIN 81-0672037

Accounting

$10,400

LOCKTON INVESTMENT ADVISORS, LLC2+ years

Filed as: LOCKTON INVESTMENT ADVISORS LLC

Service code 27 · EIN 20-8874282

Advisory (Plan)

$7,500

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