Retirement plan

PACIFIC TECH RETIREMENT PLAN

Name: PACIFIC TECH CONSTRUCTION, INC. - PACIFIC TECH RETIREMENT PLAN (2018) Form 5500
Creator: PACIFIC TECH CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFIC TECH RETIREMENT PLAN, PACIFIC TECH CONSTRUCTION, INC.

PACIFIC TECH CONSTRUCTION, INC.EIN 91-1699565Plan #001PY 2018

1302 WALNUT STREET - KELSO, WA 98626360-414-8084pactechgroup.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsLow assets / participantLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.8M

+3.4% from 2017

Total participants

289

+10.3% from 2017

Average account balance

$13,328

-5.9% from 2017

Annual return

-8.93%

-23.56 pp from 2017

Benchmarks

See 15,016 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,016 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$654K

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$52K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$632

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

+8.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1134

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PENSION PLAN SPECIALISTS, PC2 years Filed as: PENSION PLAN SPECIALISTS Service code 15 · EIN 26-1570786	Recordkeeping	$4,250
AMERITAS LIFE INSURANCE CORP1 year Filed as: AMERITAS LIFE INSURANCE CORP. Service code 15 · EIN 47-0098400	Recordkeeping	$1,099
THE GUARDIAN INSURANCE & ANNUITY CO3 years Service code 60 · EIN 13-2656036	Sub-TA Fees	$326

Plan features & details

Pension benefit codes2E2F2G2J2T3D2A

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.
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

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$6K

$62 / participant

Contract admin$6K100.0%

% of EOY assets

0.148%

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: HOFFMAN, STEWART & SCHMIDT, P.C.
Auditor EIN: 930743240
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,328

$57,352-76.8%

$83,830-84.1%

$64,173-79.2%

Participation rate

98.9%

68.6%+30.3pp

76.1%+22.8pp

69.6%+29.3pp

Annual return

-8.93%

11.38%-20.3pp

850.97%-859.9pp

7.63%-16.6pp

Employer contribution / active EE

$9,274

$2,546+264.3%

$3,631+155.4%

$2,381+289.5%

Participant deferral / active EE

$1,496

$2,993-50.0%

$4,082-63.3%

$3,470-56.9%

Admin fee / account holder

$20

$4,046-99.5%

$5,479-99.6%

$4,887-99.6%

Provider

Service type

Compensation

PENSION PLAN SPECIALISTS, PC2 years

Filed as: PENSION PLAN SPECIALISTS

Service code 15 · EIN 26-1570786

Recordkeeping

$4,250

AMERITAS LIFE INSURANCE CORP1 year

Filed as: AMERITAS LIFE INSURANCE CORP.

Service code 15 · EIN 47-0098400

Recordkeeping

$1,099

THE GUARDIAN INSURANCE & ANNUITY CO3 years

Service code 60 · EIN 13-2656036

Sub-TA Fees

$326

PACIFIC TECH RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC TECH 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