Retirement plan

PARAMETRIC SOLUTIONS INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: PARAMETRIC SOLUTIONS INC. - PARAMETRIC SOLUTIONS INC. 401(K) PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: PARAMETRIC SOLUTIONS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARAMETRIC SOLUTIONS INC. 401(K) PROFIT SHARING PLAN AND TRUST, PARAMETRIC SOLUTIONS INC.

PARAMETRIC SOLUTIONS INC.EIN 25-1705516Plan #001PY 2018

831 JUPITER PARK DRIVE - JUPITER, FL 33458561-747-6107psnet.comLinkedIn201-500 employeesaviation & aerospace

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$16.3M

+10.0% from 2017

Total participants

365

-16.9% from 2017

Average account balance

$46,274

+25.6% from 2017

Annual return

-4.86%

-28.14 pp from 2017

Benchmarks

See 2,763 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,763 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.35M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

266

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.

91.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$194

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 2 by compensation

Provider	Service type	Compensation
MID ATLANTIC CAPITAL CORPORATION2 years Filed as: MID ATLANTIC FINANCIAL Service code 26 · EIN 25-1443041	Advisory (Participants)	$14,710
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 60 · EIN 04-2647786	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D2E

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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$112K

$401 / participant

Other / not subdivided$112K100.0%

% of EOY assets

0.685%

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: SOLES AND COMPANY, P.A.
Auditor EIN: 472517360
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,274

$75,388-38.6%

$123,549-62.5%

$55,725-17.0%

Participation rate

95.7%

75.7%+20.0pp

82.3%+13.4pp

70.9%+24.8pp

Annual return

-4.86%

4.48%-9.3pp

119.20%-124.1pp

244.93%-249.8pp

Employer contribution / active EE

$2,872

$3,063-6.2%

$4,628-37.9%

$2,078+38.2%

Participant deferral / active EE

$6,783

$5,651+20.0%

$6,426+5.6%

$3,356+102.2%

Admin fee / account holder

$317

$120+164.8%

$9,284-96.6%

$115+175.3%

Provider

Service type

Compensation

MID ATLANTIC CAPITAL CORPORATION2 years

Filed as: MID ATLANTIC FINANCIAL

Service code 26 · EIN 25-1443041

Advisory (Participants)

$14,710

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 60 · EIN 04-2647786

Sub-TA Fees

PARAMETRIC SOLUTIONS INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARAMETRIC SOLUTIONS INC. 401(K) PROFIT SHARING PLAN AND TRUST

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