Retirement plan

JERRY PATE COMPANY RETIREMENT PLAN

Name: JERRY PATE COMPANY - JERRY PATE COMPANY RETIREMENT PLAN (2024) Form 5500
Creator: JERRY PATE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JERRY PATE COMPANY RETIREMENT PLAN, JERRY PATE COMPANY

JERRY PATE COMPANYEIN 59-3472632Plan #001PY 2024

301 SCHUBERT DR - PENSACOLA, FL 32504850-479-4653

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$10.4M

+4.9% from 2023

Total participants

219

+14.1% from 2023

Average account balance

$75,178

+4.9% from 2023

Annual return

13.43%

-3.58 pp from 2023

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.45M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

139

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.

55.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$937K

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

+13.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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 5 by compensation

Provider	Service type	Compensation
SOUTHBRIDGE ADVISORS, LLC2 years Filed as: SOUTHBRIDGE ADVISORS LLC Service code 27 533 JOHNSON FERRY RD, STE 200 · MARIETTA, GA 30068	Advisory (Plan)	$27,739
AZALEA ADMINISTRATION LLC3 years Filed as: AZALEA ADMINISTRATION Service code 13 P.O. BOX 180293 · MOBILE, AL 36618	Contract Administrator	$6,003
SALTMARSH, CLEVELAND & GUND1 year Filed as: SALTMARSH CLEAVELAND & GUND, PA Service code 10 900 N 12TH AVENUE · PENSACOLA, FL 35201	Accounting	$2,700
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP,LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,489
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,000

Plan features & details

Pension benefit codes2E2J2K2G2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$20 / participant

Recordkeeping$4K100.0%

% of EOY assets

0.034%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WARREN AVERETT
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,178

$88,203-14.8%

$165,100-54.5%

$74,478+0.9%

Participation rate

55.1%

73.1%-18.1pp

78.6%-23.6pp

67.2%-12.2pp

Annual return

13.43%

17.13%-3.7pp

70.21%-56.8pp

1370.56%-1357.1pp

Employer contribution / active EE

$873

$2,601-66.4%

$4,348-79.9%

$2,626-66.7%

Participant deferral / active EE

$4,392

$4,505-2.5%

$6,035-27.2%

$4,350+1.0%

Admin fee / account holder

$25

$2,235-98.9%

$12,696-99.8%

$1,946-98.7%

Provider

Service type

Compensation

SOUTHBRIDGE ADVISORS, LLC2 years

Filed as: SOUTHBRIDGE ADVISORS LLC

Service code 27

533 JOHNSON FERRY RD, STE 200 · MARIETTA, GA 30068

Advisory (Plan)

$27,739

AZALEA ADMINISTRATION LLC3 years

Filed as: AZALEA ADMINISTRATION

Service code 13

P.O. BOX 180293 · MOBILE, AL 36618

Contract Administrator

$6,003

SALTMARSH, CLEVELAND & GUND1 year

Filed as: SALTMARSH CLEAVELAND & GUND, PA

Service code 10

900 N 12TH AVENUE · PENSACOLA, FL 35201

Accounting

$2,700

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP,LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,489

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,000

JERRY PATE COMPANY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JERRY PATE COMPANY RETIREMENT 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