Retirement plan

PRODUCTION RESOURCES, INC. PROFIT SHARING PLAN

Name: PRODUCTION RESOURCES, INC. - PRODUCTION RESOURCES, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: PRODUCTION RESOURCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRODUCTION RESOURCES, INC. PROFIT SHARING PLAN, PRODUCTION RESOURCES, INC.

PRODUCTION RESOURCES, INC.EIN 31-1184871Plan #002PY 2022

256 SEABOARD LANE, SUITE B-104 - FRANKLIN, TN 37067800-863-3164production-resources.comLinkedIn1-10 employeesindustrial automation

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$659K

-8.2% from 2021

Total participants

+14.3% from 2021

Average account balance

$109,849

-8.2% from 2021

Annual return

-13.25%

-17.92 pp from 2021

Benchmarks

See 23,464 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,464 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$819K

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$64K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+5.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8922

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 codes2E2F2G2J3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$6K

$779 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.945%

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

$109,849

$142,392-22.9%

$119,622-8.2%

$134,532-18.3%

Participation rate

75.0%

82.8%-7.8pp

79.3%-4.3pp

81.2%-6.2pp

Annual return

-13.25%

-12.46%-0.8pp

-14.98%+1.7pp

418.27%-431.5pp

Employer contribution / active EE

$2,423

$5,224-53.6%

$4,232-42.7%

$4,741-48.9%

Participant deferral / active EE

$2,169

$6,467-66.5%

$5,601-61.3%

$6,401-66.1%

Admin fee / account holder

$1,039

$13,593-92.4%

$10,328-89.9%

$11,429-90.9%

PRODUCTION RESOURCES, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRODUCTION RESOURCES, INC. 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