Retirement plan

PARKWAY BANCORP, INC. 401(K) PLAN

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

PARKWAY BANCORP, INC.EIN 36-2694975Plan #002PY 2015

4800 N HARLEM AVE - HARWOOD HEIGHTS, IL 60706708-867-6600LinkedIn1-10 employeesinformation technology and services

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$16M

No prior year

Total participants

394

No prior year

Average account balance

$44,124

No prior year

Annual return

1.90%

No prior year

Benchmarks

See 227 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort227 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.82M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

392

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.

95.7%

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

$5K

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

+12.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$234

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
RAYMOND JAMES FINANCIAL SERVICES1+ years Filed as: RAYMOND JAMES & ASSOCIATES Service code 27 550 WEST WASHINGTON BLVD · CHICAGO, IL 60661	Advisory (Plan)	$19,080
VERISIGHT, INC.1+ years Filed as: VERISIGHT, INC Service code 15 2001 NORTH MAIN STREET · WALNUT CREEK, CA 94596	Recordkeeping	$16,469

Plan features & details

Pension benefit codes2E2F2H2J2R2T3I

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$36K

$117 / participant

Contract admin$36K100.0%

% of EOY assets

0.224%

all-in expense ratio

Categories reported

1 / 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: BANSLEY AND KIENER, LLP
Auditor EIN: 362152389
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,124

$57,435-23.2%

$105,218-58.1%

$55,191-20.1%

Participation rate

89.9%

71.3%+18.5pp

77.2%+12.6pp

69.2%+20.7pp

Annual return

1.90%

2.97%-1.1pp

5.33%-3.4pp

10.78%-8.9pp

Employer contribution / active EE

$1,226

$1,920-36.1%

$3,255-62.3%

$1,899-35.4%

Participant deferral / active EE

$1,432

$3,495-59.0%

$4,867-70.6%

$3,046-53.0%

Admin fee / account holder

$99

$70+40.8%

$6,992-98.6%

$91+9.1%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1+ years

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 27

550 WEST WASHINGTON BLVD · CHICAGO, IL 60661

Advisory (Plan)

$19,080

VERISIGHT, INC.1+ years

Filed as: VERISIGHT, INC

Service code 15

2001 NORTH MAIN STREET · WALNUT CREEK, CA 94596

Recordkeeping

$16,469

PARKWAY BANCORP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARKWAY BANCORP, INC. 401(K) 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