Retirement plan

EMPLOYEE BENEFIT PLAN OF PICKERSGILL, INC.

Name: PICKERSGILL, INC. - EMPLOYEE BENEFIT PLAN OF PICKERSGILL, INC. (2024) Form 5500
Creator: PICKERSGILL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF PICKERSGILL, INC., PICKERSGILL, INC.

PICKERSGILL, INC.EIN 52-0591530Plan #002PY 2024

615 CHESTNUT AVE - TOWSON, MD 212043742410-825-7423

Other plans on this EIN

1 filing

#003Retirement-$311K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.7M

-17.3% from 2023

Total participants

120

+5.3% from 2023

Average account balance

$23,520

-20.9% from 2023

Annual return

7.42%

-1.06 pp from 2023

Benchmarks

See 21,691 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,691 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.66M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

113

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.

127.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$394K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+7.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10537

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 codes2F2G2T3D

Plan features

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$13379 / participant

Other / not subdivided$1M100.0%

% of EOY assets

44.801%

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

$23,520

$81,358-71.1%

$155,556-84.9%

$80,959-70.9%

Participation rate

92.1%

66.3%+25.9pp

78.2%+13.9pp

67.7%+24.5pp

Annual return

7.42%

33.39%-26.0pp

64.84%-57.4pp

35.67%-28.2pp

Employer contribution / active EE

$2,078

$3,106-33.1%

$4,675-55.6%

$2,757-24.7%

Participant deferral / active EE

$2,346

$3,455-32.1%

$5,631-58.3%

$4,300-45.5%

Admin fee / account holder

$10,537

$7,994+31.8%

$15,885-33.7%

$6,925+52.2%

EMPLOYEE BENEFIT PLAN OF PICKERSGILL, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF PICKERSGILL, INC.

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