Retirement plan

PARK AEROSPACE CORP. EES' PROFIT SHARING & 401(K) RETIREMENT SAVINGS PLAN

Name: PARK AEROSPACE CORP. - PARK AEROSPACE CORP. EES' PROFIT SHARING & 401(K) RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: PARK AEROSPACE CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARK AEROSPACE CORP. EES' PROFIT SHARING & 401(K) RETIREMENT SAVINGS PLAN, PARK AEROSPACE CORP.

PARK AEROSPACE CORP.EIN 11-1734643Plan #001PY 2020

1400 OLD COUNTRY ROAD, SUITE 409N - WESTBURY, NY 115905119631-465-3600

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$14.3M

-24.0% from 2019

Total participants

214

-27.5% from 2019

Average account balance

$77,685

+16.5% from 2019

Annual return

6.73%

+4.89 pp from 2019

Benchmarks

See 508 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants25-99

Cohort508 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.52M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

165

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.

51.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$396K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$136

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
COHN REZNICK LLP1 year Service code 10 · EIN 22-1478099	Accounting	$14,000
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969	Recordkeeping	$5,894
PNC BANK, N.A.5+ years Service code 25 · EIN 22-1146430	Directed Trustee	$2,302
PNC BANK, N.A.5+ years Filed as: PNC BANK, NATIONAL ASSOCIATION Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2H2J2K2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$22K

$261 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.155%

all-in expense ratio

Categories reported

0 / 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: COHN REZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,685

$95,762-18.9%

$379,746-79.5%

$79,856-2.7%

Participation rate

64.7%

74.0%-9.3pp

78.4%-13.7pp

69.6%-4.9pp

Annual return

6.73%

18.26%-11.5pp

34.90%-28.2pp

31.71%-25.0pp

Employer contribution / active EE

$608

$2,695-77.4%

$3,540-82.8%

$2,471-75.4%

Participant deferral / active EE

$2,498

$4,705-46.9%

$6,024-58.5%

$3,741-33.2%

Admin fee / account holder

$121

$6,745-98.2%

$7,927-98.5%

$5,306-97.7%

Provider

Service type

Compensation

COHN REZNICK LLP1 year

Service code 10 · EIN 22-1478099

Accounting

$14,000

NEWPORT GROUP, INC.1 year

Service code 15 · EIN 27-2037969

Recordkeeping

$5,894

PNC BANK, N.A.5+ years

Service code 25 · EIN 22-1146430

Directed Trustee

$2,302

PNC BANK, N.A.5+ years

Filed as: PNC BANK, NATIONAL ASSOCIATION

Service code 52

Indirect Investment Fees

PARK AEROSPACE CORP. EES' PROFIT SHARING & 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARK AEROSPACE CORP. EES' PROFIT SHARING & 401(K) RETIREMENT SAVINGS 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