Retirement plan

S.R. PERROTT, INC. EMPLOYEE SAVINGS & PROTECTION PLAN

Name: S.R. PERROTT, INC. - S.R. PERROTT, INC. EMPLOYEE SAVINGS & PROTECTION PLAN (2020) Form 5500
Creator: S.R. PERROTT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, S.R. PERROTT, INC. EMPLOYEE SAVINGS & PROTECTION PLAN, S.R. PERROTT, INC.

S.R. PERROTT, INC.EIN 59-0968982Plan #001PY 2020

1280 N US HIGHWAY 1 - ORMOND BEACH, FL 32174386-672-2275

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3.9M

-18.0% from 2019

Total participants

148

+6.5% from 2019

Average account balance

$43,750

-34.4% from 2019

Annual return

17.80%

-5.03 pp from 2019

Benchmarks

See 2,270 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,270 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.17M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

48.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$345K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3276

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$11,516
XCEL WEALTH MANAGEMENT1 year Service code 27 101 2ND ST STE 402 · DAYTONA BEACH, FL 32117	Advisory (Plan)	$8,287

Plan features & details

Pension benefit codes2F2G2J2K3D2E

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$15K

$111 / participant

Contract admin$15K100.0%

% of EOY assets

0.392%

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: MARTIN & ASSOCIATES
Auditor EIN: 820553529
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,750

$81,494-46.3%

$133,978-67.3%

$73,497-40.5%

Participation rate

58.3%

76.4%-18.1pp

79.8%-21.6pp

70.7%-12.4pp

Annual return

17.80%

19.40%-1.6pp

45.10%-27.3pp

28.51%-10.7pp

Employer contribution / active EE

$560

$2,210-74.7%

$3,919-85.7%

$2,270-75.3%

Participant deferral / active EE

$1,501

$3,787-60.4%

$5,047-70.3%

$3,740-59.9%

Admin fee / account holder

$171

$713-76.0%

$8,930-98.1%

$513-66.6%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$11,516

XCEL WEALTH MANAGEMENT1 year

Service code 27

101 2ND ST STE 402 · DAYTONA BEACH, FL 32117

Advisory (Plan)

$8,287

S.R. PERROTT, INC. EMPLOYEE SAVINGS & PROTECTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

S.R. PERROTT, INC. EMPLOYEE SAVINGS & PROTECTION 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