Retirement plan

PARAGON PROPAC PROFIT SHARING 401 (K) PLAN

Name: PARAGON DECORS, INC. - PARAGON PROPAC PROFIT SHARING 401 (K) PLAN (2020) Form 5500
Creator: PARAGON DECORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARAGON PROPAC PROFIT SHARING 401 (K) PLAN, PARAGON DECORS, INC.

PARAGON DECORS, INC.EIN 63-0709510Plan #001PY 2020

P.O. BOX 1187 - ALBERTVILLE, AL 35950800-547-7746

Prospect flagsLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$12.8M

+11.8% from 2019

Total participants

108

+13.7% from 2019

Average account balance

$124,504

-2.3% from 2019

Annual return

14.18%

-5.50 pp from 2019

Benchmarks

See 14,881 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.13M

Not enough data

1 years with asset history on file

Average account balance

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

$182K

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.

124.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

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

+10.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18416

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

Top 1 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH6+ years Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI Service code 15 · EIN 13-5674085	Recordkeeping	$1,300

Plan features & details

Pension benefit codes2F2G2J2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$1K

$15 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.010%

all-in expense ratio

Categories reported

0 / 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: MDA PROFESSIONAL GROUP, P.C.
Auditor EIN: 630681783
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,504

$78,428+58.8%

$95,960+29.7%

$79,852+55.9%

Participation rate

94.0%

73.5%+20.6pp

77.1%+17.0pp

69.6%+24.4pp

Annual return

14.18%

19.37%-5.2pp

91.63%-77.5pp

31.72%-17.5pp

Employer contribution / active EE

$1,319

$1,945-32.2%

$2,541-48.1%

$2,471-46.6%

Participant deferral / active EE

$832

$3,440-75.8%

$4,167-80.0%

$3,740-77.8%

Admin fee / account holder

$13

$5,622-99.8%

$6,797-99.8%

$5,306-99.8%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI

Service code 15 · EIN 13-5674085

Recordkeeping

$1,300

PARAGON PROPAC PROFIT SHARING 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARAGON PROPAC PROFIT SHARING 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