Retirement plan

PBI MARKET EQUIPMENT, INC. 401(K) PLAN

Name: PBI MARKET EQUIPMENT, INC. - PBI MARKET EQUIPMENT, INC. 401(K) PLAN (2020) 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 2020

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

Prospect flagsHigh feesLow participationLow employer contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$6.4M

+17.7% from 2019

Total participants

142

+3.6% from 2019

Average account balance

$62,661

+11.9% from 2019

Annual return

13.71%

-5.52 pp from 2019

Benchmarks

See 2,270 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,270 peers

Snapshot2020

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 · EIN 47-1411118 4340 REDWOOD HWY #B-60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$26,951
NATIONWIDE6+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$10,197
FLEXIBLE PLAN INVESTMENTS LTD3 years Filed as: FLEXIBLE PLAN INVESTMENTS, LTD. Service code 27 · EIN 38-2340348 3883 TELEGRAPH ROAD · BLOOMFIELD HILLS, MA 48302	Advisory (Plan)	$5,396
ACTUARIES UNLIMITED, INC.2 years Service code 14 · EIN 95-3654973 16030 VENTURA BLVD. · ENCINO, CA 91436	Plan Administrator	$1,738
PRBA, INC3 years Service code 14 · EIN 95-2835553 C/O ACTUARIES UNLIMITED, INC. · ENCINO, CA 91436	Plan Administrator	$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

4 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$34K

$271 / participant

Other / not subdivided$34K100.0%

% of EOY assets

0.534%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,661

$81,494-23.1%

$133,978-53.2%

$73,497-14.7%

Participation rate

68.3%

76.4%-8.1pp

79.8%-11.6pp

70.7%-2.4pp

Annual return

13.71%

19.40%-5.7pp

45.10%-31.4pp

28.51%-14.8pp

Employer contribution / active EE

$2,210-100.0%

$3,919-100.0%

$2,270-100.0%

Participant deferral / active EE

$2,658

$3,787-29.8%

$5,047-47.3%

$3,740-28.9%

Admin fee / account holder

$335

$713-53.1%

$8,930-96.3%

$513-34.8%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27 · EIN 47-1411118

4340 REDWOOD HWY #B-60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$26,951

NATIONWIDE6+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$10,197

FLEXIBLE PLAN INVESTMENTS LTD3 years

Filed as: FLEXIBLE PLAN INVESTMENTS, LTD.

Service code 27 · EIN 38-2340348

3883 TELEGRAPH ROAD · BLOOMFIELD HILLS, MA 48302

Advisory (Plan)

$5,396

ACTUARIES UNLIMITED, INC.2 years

Service code 14 · EIN 95-3654973

16030 VENTURA BLVD. · ENCINO, CA 91436

Plan Administrator

$1,738

PRBA, INC3 years

Service code 14 · EIN 95-2835553

C/O ACTUARIES UNLIMITED, INC. · ENCINO, CA 91436

Plan Administrator

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