Retirement plan

PRIME HR SOLUTIONS, INC. RETIREMENT PLAN

Name: PRIME HR SOLUTIONS, INC. - PRIME HR SOLUTIONS, INC. RETIREMENT PLAN (2024) Form 5500
Creator: PRIME HR SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRIME HR SOLUTIONS, INC. RETIREMENT PLAN, PRIME HR SOLUTIONS, INC.

PRIME HR SOLUTIONS, INC.EIN 85-4402033Plan #001PY 2024

18397 COLIMA RD. - ROWLAND HEIGHTS, CA 91748626-581-8555primehrsolutionsllc.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$243K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+29.6% from 2023

Total participants

+18.2% from 2023

Average account balance

$41,509

+9.7% from 2023

Annual return

10.03%

-65.00 pp from 2023

Benchmarks

See 22,372 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,372 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.08M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

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.

144.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$166K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+10.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$114

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$164 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.274%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,509

$111,814-62.9%

$93,654-55.7%

$145,959-71.6%

Participation rate

100.0%

74.2%+25.8pp

68.7%+31.3pp

80.3%+19.7pp

Annual return

10.03%

203.30%-193.3pp

133.34%-123.3pp

561.95%-551.9pp

Employer contribution / active EE

$4,425

$3,092+43.1%

$2,421+82.8%

$4,661-5.1%

Participant deferral / active EE

$4,803

$4,914-2.3%

$4,413+8.8%

$6,689-28.2%

Admin fee / account holder

$114

$10,246-98.9%

$8,282-98.6%

$13,398-99.2%

PRIME HR SOLUTIONS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRIME HR SOLUTIONS, INC. RETIREMENT 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