Retirement plan

PERFORMANCE STAFFING 401K PLAN

Name: PERFORMANCE STRATEGIES, INC. DBA PERFORMANCE STAFFING - PERFORMANCE STAFFING 401K PLAN (2017) Form 5500
Creator: PERFORMANCE STRATEGIES, INC. DBA PERFORMANCE STAFFING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PERFORMANCE STAFFING 401K PLAN, PERFORMANCE STRATEGIES, INC. DBA PERFORMANCE STAFFING

PERFORMANCE STRATEGIES, INC. DBA PERFORMANCE STAFFINGEIN 86-0768826Plan #001PY 2017

2721 E LAKIN DR, SUITE 1 - FLAGSTAFF, AZ 86004928-526-6499LinkedIn11-50 employeeshuman resources

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$280K

+29.4% from 2016

Total participants

-51.9% from 2016

Average account balance

$140,015

+29.4% from 2016

Annual return

15.17%

+5.73 pp from 2016

Benchmarks

See 11,957 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort11,957 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$839K

Not enough data

1 years with asset history on file

Average account balance

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

$420K

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.

8.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$34K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+17.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$140,015

$101,063+38.5%

$81,473+71.9%

$147,585-5.1%

Participation rate

15.4%

74.5%-59.1pp

68.0%-52.6pp

82.8%-67.4pp

Annual return

15.17%

32.41%-17.2pp

38.78%-23.6pp

578.58%-563.4pp

Employer contribution / active EE

$425

$3,206-86.7%

$2,568-83.5%

$4,876-91.3%

Participant deferral / active EE

$1,946

$4,242-54.1%

$3,537-45.0%

$5,439-64.2%

Admin fee / account holder

$5,812-100.0%

$4,561-100.0%

$10,886-100.0%

PERFORMANCE STAFFING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PERFORMANCE STAFFING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion