Retirement plan

PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: PERFORMANCE MODALITIES, INC. - PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: PERFORMANCE MODALITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST, PERFORMANCE MODALITIES, INC.

PERFORMANCE MODALITIES, INC.EIN 91-1607760Plan #001PY 2018

19625 62ND AVE S A101 - KENT, WA 98032253-852-0078LinkedIn1-10 employeesmedical devices

Prospect flagsLow returnsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$1.8M

+2.2% from 2017

Total participants

136

+8.8% from 2017

Average account balance

$20,826

-13.3% from 2017

Annual return

-7.67%

-22.78 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.84M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

263

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.

88.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+21.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$301

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE2 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$22,856
HUNNEX AND SHOEMAKER, INC.2 years Service code 14 · EIN 91-1072394 701 5TH AVENUE · SEATTLE, WA 98104	Plan Administrator	$19,803
JP MORGAN INVESTMENT MANAGEMENT INC2 years Filed as: MEEDER INVESTMENT MANAGEMENT Service code 27 · EIN 31-1332744 6125 MEMORIAL DRIVE · DUBLIN, OH 43017	Advisory (Plan)	$2,814

Plan features & details

Pension benefit codes2F2G2J2K3D

Plan features

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$894

$7 / participant

Contract admin$21824.4%
Other / not subdivided$67675.6%

% of EOY assets

0.050%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,826

$47,977-56.6%

$154,111-86.5%

$56,287-63.0%

Participation rate

59.3%

66.2%-6.8pp

83.0%-23.7pp

69.9%-10.5pp

Annual return

-7.67%

3.54%-11.2pp

735.18%-742.9pp

-9.96%+2.3pp

Employer contribution / active EE

$280

$2,169-87.1%

$5,298-94.7%

$2,111-86.7%

Participant deferral / active EE

$1,726

$2,392-27.9%

$5,081-66.0%

$3,350-48.5%

Admin fee / account holder

$10

$438-97.6%

$13,411-99.9%

$521-98.0%

Provider

Service type

Compensation

NATIONWIDE2 years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$22,856

HUNNEX AND SHOEMAKER, INC.2 years

Service code 14 · EIN 91-1072394

701 5TH AVENUE · SEATTLE, WA 98104

Plan Administrator

$19,803

JP MORGAN INVESTMENT MANAGEMENT INC2 years

Filed as: MEEDER INVESTMENT MANAGEMENT

Service code 27 · EIN 31-1332744

6125 MEMORIAL DRIVE · DUBLIN, OH 43017

Advisory (Plan)

$2,814

PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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