Retirement plan

PBI MARKET EQUIPMENT, INC. 401(K) PLAN

Name: PBI MARKET EQUIPMENT, INC. - PBI MARKET EQUIPMENT, INC. 401(K) PLAN (2017) Form 5500
Creator: PBI MARKET EQUIPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PBI MARKET EQUIPMENT, INC. 401(K) PLAN, PBI MARKET EQUIPMENT, INC.

PBI MARKET EQUIPMENT, INC.EIN 95-2043901Plan #002PY 2017

2667 GUNDRY AVENUE - SIGNAL HILL, CA 90755562-595-4785pbimarketing.comLinkedIn1-10 employeesfood production

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4.8M

+20.9% from 2016

Total participants

136

+9.7% from 2016

Average account balance

$58,269

+3.2% from 2016

Annual return

16.45%

-5.39 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.19M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

74.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$395K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8878

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

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$38,102
FLEXIBLE PLAN INVESTMENTS LTD3+ years Filed as: FLEXIBLE PLAN INVESTMENTS, LTD Service code 28 · EIN 38-2340348 3833 TELEGRAPH RD, #100 · BLOOMFIELD HILLS, MI 48302	Investment Management	$4,804
IFP ADVISORS INC DBA INDEPENDENT FI1 year Filed as: IFP ADVISORS, INC Service code 27 · EIN 59-3331424 3030 N ROCKY POINT DR STE 700 · TAMPA, FL 33607	Advisory (Plan)	$2,829
PRB ADMINISTRATORS, INC.3+ years Service code 13 · EIN 38-2799783 1999 S. BUNDY DTRIVE, STE. 410 · LOS ANGELES, CA 90025	Contract Administrator	$1,515
LPL FINANCIAL3+ years Filed as: LPL FINANCIAL LLC Service code 15 P.O. BOX 509026 · SAN DIEGO, CA 921503091	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$9K

$75 / participant

Investment mgmt$9K97.7%
Other / not subdivided$2122.3%

% of EOY assets

0.197%

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: WINDES, INC.
Auditor EIN: 953001179
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,269

$71,192-18.2%

$117,861-50.6%

$62,293-6.5%

Participation rate

57.1%

74.2%-17.1pp

79.7%-22.5pp

69.5%-12.4pp

Annual return

16.45%

18.66%-2.2pp

335.11%-318.7pp

28.90%-12.4pp

Employer contribution / active EE

$1,934-100.0%

$3,786-100.0%

$2,042-100.0%

Participant deferral / active EE

$1,771

$3,189-44.5%

$4,482-60.5%

$3,169-44.1%

Admin fee / account holder

$115

$587-80.5%

$8,021-98.6%

$479-76.1%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$38,102

FLEXIBLE PLAN INVESTMENTS LTD3+ years

Filed as: FLEXIBLE PLAN INVESTMENTS, LTD

Service code 28 · EIN 38-2340348

3833 TELEGRAPH RD, #100 · BLOOMFIELD HILLS, MI 48302

Investment Management

$4,804

IFP ADVISORS INC DBA INDEPENDENT FI1 year

Filed as: IFP ADVISORS, INC

Service code 27 · EIN 59-3331424

3030 N ROCKY POINT DR STE 700 · TAMPA, FL 33607

Advisory (Plan)

$2,829

PRB ADMINISTRATORS, INC.3+ years

Service code 13 · EIN 38-2799783

1999 S. BUNDY DTRIVE, STE. 410 · LOS ANGELES, CA 90025

Contract Administrator

$1,515

LPL FINANCIAL3+ years

Filed as: LPL FINANCIAL LLC

Service code 15

P.O. BOX 509026 · SAN DIEGO, CA 921503091

Recordkeeping

PBI MARKET EQUIPMENT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PBI MARKET EQUIPMENT, INC. 401(K) 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