Retirement plan

PURPLE PARROT COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: PURPLE PARROT COMPANY, INC - PURPLE PARROT COMPANY, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: PURPLE PARROT COMPANY, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PURPLE PARROT COMPANY, INC. 401(K) PROFIT SHARING PLAN, PURPLE PARROT COMPANY, INC

PURPLE PARROT COMPANY, INCEIN 64-0750561Plan #001PY 2015

3810 HARDY STREET - HATTIESBURG, MS 394027318601-264-0672purpleparrotcafe.netLinkedIn11-50 employeesrestaurants

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$1M

No prior year

Total participants

113

No prior year

Average account balance

$23,260

No prior year

Annual return

-4.98%

No prior year

Benchmarks

See 801 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort801 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.40M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

47.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$202K

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

+11.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1104

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 2 by compensation

Provider	Service type	Compensation
REA SHAW GIFFIN & STUART LLP1+ years Filed as: REA, SHAW, GIFFIN & STUART, LLP Service code 49 PO BOX 2090 · MERIDIAN, MS 39302	Other Services	$7,500
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$6,871

Plan features & details

Pension benefit codes2E2G2J2T3D

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.
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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$9K

$89 / participant

Investment mgmt$2K19.0%
Other / not subdivided$8K81.0%

% of EOY assets

0.884%

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: REA, SHAW, GIFFEN & STUART
Auditor EIN: 640295411
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,260

$26,805-13.2%

$59,496-60.9%

$52,331-55.6%

Participation rate

34.6%

39.3%-4.7pp

54.6%-19.9pp

68.1%-33.5pp

Annual return

-4.98%

2.61%-7.6pp

182.05%-187.0pp

4.54%-9.5pp

Employer contribution / active EE

$484

$450+7.5%

$1,153-58.0%

$1,882-74.3%

Participant deferral / active EE

$637

$916-30.5%

$1,829-65.2%

$3,022-78.9%

Admin fee / account holder

$206

$305-32.5%

$2,232-90.8%

$592-65.2%

Provider

Service type

Compensation

REA SHAW GIFFIN & STUART LLP1+ years

Filed as: REA, SHAW, GIFFIN & STUART, LLP

Service code 49

PO BOX 2090 · MERIDIAN, MS 39302

Other Services

$7,500

NATIONWIDE1+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$6,871

PURPLE PARROT COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PURPLE PARROT COMPANY, 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