Retirement plan

PARKER LAWRENCE CANTRELL AND SMITH 401(K) PROFIT SHARING PLAN AND TRUST

Name: PARKER, LAWRENCE, CANTRELL AND SMITH, PLLC - PARKER LAWRENCE CANTRELL AND SMITH 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: PARKER, LAWRENCE, CANTRELL AND SMITH, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARKER LAWRENCE CANTRELL AND SMITH 401(K) PROFIT SHARING PLAN AND TRUST, PARKER, LAWRENCE, CANTRELL AND SMITH, PLLC

PARKER, LAWRENCE, CANTRELL AND SMITH, PLLCEIN 62-1131909Plan #001PY 2023

100 WESTWOOD PLACE, SUITE 310 - BRENTWOOD, TN 37027615-255-7500plcslaw.comLinkedIn11-50 employeeslegal services

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$5.3M

+23.3% from 2022

Total participants

+25.0% from 2022

Average account balance

$530,931

-1.3% from 2022

Annual return

22.17%

+40.37 pp from 2022

Benchmarks

See 139,849 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,849 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.95M

Not enough data

1 years with asset history on file

Average account balance

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

$619K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+18.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$431

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 codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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

$530,931

$148,582+257.3%

$135,942+290.6%

$139,456+280.7%

Participation rate

100.0%

83.9%+16.1pp

81.9%+18.1pp

80.3%+19.7pp

Annual return

22.17%

79.26%-57.1pp

68.28%-46.1pp

373.45%-351.3pp

Employer contribution / active EE

$2,968

$5,245-43.4%

$4,858-38.9%

$4,753-37.6%

Participant deferral / active EE

$7,160

$8,101-11.6%

$7,759-7.7%

$6,711+6.7%

Admin fee / account holder

-$760

$12,402-106.1%

$10,764-107.1%

$11,407-106.7%

PARKER LAWRENCE CANTRELL AND SMITH 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARKER LAWRENCE CANTRELL AND SMITH 401(K) PROFIT SHARING PLAN AND TRUST

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