Retirement plan

PRITCHARD INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN

Name: PRITCHARD INDUSTRIES, INC. - PRITCHARD INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: PRITCHARD INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRITCHARD INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN, PRITCHARD INDUSTRIES, INC.

PRITCHARD INDUSTRIES, INC.EIN 13-3353489Plan #001PY 2015

150 E 42ND ST, 7TH FLOOR - NEW YORK, NY 10017212-382-2295pritchardindustries.comLinkedIn10001+ employeesfacilities services

Prospect flagsLow returnsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3.4M

No prior year

Total participants

1,115

No prior year

Average account balance

$34,919

No prior year

Annual return

-6.39%

No prior year

Benchmarks

See 258 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort258 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.27M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

419

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.

8.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$850

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

+14.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
MAYER HOFFMAN MCCANN P.C.1+ years Filed as: MAYER HOFFMAN MCCANN CPAS Service code 10 · EIN 43-1947695	Accounting	$13,900
THE BENEFIT PRACTICE1+ years Service code 11 1055 WASHINGTON BLVD., 6TH FLOOR · STAMFORD, CT 06901	Actuarial	$10,394
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Filed as: PRUDENTIAL INSURANCE AGENCY, LLC Service code 28 95 WASHINGTON AVE · SUFFERN, NY 10901	Investment Management	$8,012
PLANNING CORPORATION OF AMERICA1+ years Service code 28 1717 PENNSYLVANIA AVE, SUITE 1050 · WASHINGTON, DC 20006	Investment Management	$1,593
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Service code 15 · EIN 13-3646501	Recordkeeping	$354

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$25K

$23 / participant

Investment mgmt$1500.6%
Contract admin$3541.4%
Other / not subdivided$24K98.0%

% of EOY assets

0.728%

all-in expense ratio

Categories reported

2 / 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: MAYER HOFFMAN MCCANN CPAS
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,919

$30,979+12.7%

$67,704-48.4%

$59,188-41.0%

Participation rate

5.7%

40.5%-34.8pp

67.5%-61.8pp

69.4%-63.7pp

Annual return

-6.39%

-1.74%-4.7pp

25.41%-31.8pp

5.51%-11.9pp

Employer contribution / active EE

$71

$807-91.2%

$2,559-97.2%

$2,098-96.6%

Participant deferral / active EE

$270

$1,603-83.1%

$3,585-92.5%

$3,265-91.7%

Admin fee / account holder

$254

$81+213.6%

$4,255-94.0%

$92+175.5%

Provider

Service type

Compensation

MAYER HOFFMAN MCCANN P.C.1+ years

Filed as: MAYER HOFFMAN MCCANN CPAS

Service code 10 · EIN 43-1947695

Accounting

$13,900

THE BENEFIT PRACTICE1+ years

Service code 11

1055 WASHINGTON BLVD., 6TH FLOOR · STAMFORD, CT 06901

Actuarial

$10,394

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Filed as: PRUDENTIAL INSURANCE AGENCY, LLC

Service code 28

95 WASHINGTON AVE · SUFFERN, NY 10901

Investment Management

$8,012

PLANNING CORPORATION OF AMERICA1+ years

Service code 28

1717 PENNSYLVANIA AVE, SUITE 1050 · WASHINGTON, DC 20006

Investment Management

$1,593

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Service code 15 · EIN 13-3646501

Recordkeeping

$354

PRITCHARD INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRITCHARD INDUSTRIES, INC. 401(K) 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