Retirement plan

PITZING PHARMACEUTICALS, INC. 401(K) PROFIT SHARING PLAN

Name: PITZING PHARMACEUTICALS, INC. - PITZING PHARMACEUTICALS, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: PITZING PHARMACEUTICALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PITZING PHARMACEUTICALS, INC. 401(K) PROFIT SHARING PLAN, PITZING PHARMACEUTICALS, INC.

PITZING PHARMACEUTICALS, INC.EIN 63-1284090Plan #001PY 2019

1023 SOUTH OATES STREET - DOTHAN, AL 36301334-794-3174LinkedIn11-50 employeesmedical devices

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

-15.5% from 2018

Total participants

-7.1% from 2018

Average account balance

$46,673

-12.1% from 2018

Annual return

17.91%

+22.08 pp from 2018

Benchmarks

See 8,238 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,238 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.69M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$184K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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 codes2E2J2R2T3B3D

Plan features

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$599K

$31527 / participant

Other / not subdivided$599K100.0%

% of EOY assets

51.337%

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

$46,673

$116,203-59.8%

$93,621-50.1%

$152,909-69.5%

Participation rate

94.7%

78.1%+16.7pp

75.8%+18.9pp

82.5%+12.3pp

Annual return

17.91%

35.96%-18.1pp

32.76%-14.8pp

345.46%-327.6pp

Employer contribution / active EE

$4,071

$3,219+26.4%

$2,719+49.7%

$4,764-14.6%

Participant deferral / active EE

$3,205

$4,605-30.4%

$4,070-21.2%

$5,851-45.2%

Admin fee / account holder

$23,961

$10,751+122.9%

$7,890+203.7%

$11,601+106.5%

PITZING PHARMACEUTICALS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PITZING PHARMACEUTICALS, INC. 401(K) PROFIT SHARING 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