Retirement plan

PENGO WIRELINE OF CALIFORNIA, INC. EMPLOYEE 401K PROFIT SHARING PLAN

Name: PENGO WIRELINE OF CALIFORNIA, INC. - PENGO WIRELINE OF CALIFORNIA, INC. EMPLOYEE 401K PROFIT SHARING PLAN (2021) Form 5500
Creator: PENGO WIRELINE OF CALIFORNIA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENGO WIRELINE OF CALIFORNIA, INC. EMPLOYEE 401K PROFIT SHARING PLAN, PENGO WIRELINE OF CALIFORNIA, INC.

PENGO WIRELINE OF CALIFORNIA, INC.EIN 95-3663849Plan #002PY 2021

3529 STANDARD STREET - BAKERSFIELD, CA 933085224661-327-9900pengowireline.comLinkedIn11-50 employeesoil & energy

Prospect flagsLow returnsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.8M

+11.9% from 2020

Total participants

-6.8% from 2020

Average account balance

$139,380

+20.2% from 2020

Annual return

9.78%

+0.29 pp from 2020

Benchmarks

See 819 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort819 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.53M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

84.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$220K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9580

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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$114K

$3090 / participant

Other / not subdivided$114K100.0%

% of EOY assets

3.038%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$139,380

$93,373+49.3%

$152,466-8.6%

$85,854+62.3%

Participation rate

62.2%

70.1%-7.9pp

78.2%-16.0pp

69.3%-7.2pp

Annual return

9.78%

21.84%-12.1pp

757.33%-747.5pp

318.56%-308.8pp

Employer contribution / active EE

$1,625

$2,996-45.8%

$4,327-62.4%

$2,565-36.7%

Participant deferral / active EE

$2,984

$4,550-34.4%

$5,820-48.7%

$3,952-24.5%

Admin fee / account holder

$4,235

$13,853-69.4%

$15,805-73.2%

$6,260-32.4%

PENGO WIRELINE OF CALIFORNIA, INC. EMPLOYEE 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENGO WIRELINE OF CALIFORNIA, INC. EMPLOYEE 401K PROFIT SHARING 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