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 (2022) 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 2022

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.5M

-9.2% from 2021

Total participants

111

+58.6% from 2021

Average account balance

$32,166

-24.4% from 2021

Annual return

-17.70%

-31.07 pp from 2021

Benchmarks

See 1,006 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2022

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE8+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$13,806
CORPORATE FINANCIAL SERVICES, LLC6 years Service code 15 PO BOX 240098 · MONTGOMERY, AL 36124	Recordkeeping	$4,884
BENJAMIN F EDWARDS & COMPANY INC.2 years Filed as: BENJAMIN F EDWARDS & CO INC Service code 33 ONE NORTH BRENDWOOD BLVD, SUITE 12 · SAINT LOUIS, MO 63105	Securities brokerage	$0

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

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

$2K

$22 / participant

Investment mgmt$2K100.0%

% of EOY assets

0.139%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,166

$26,549+21.2%

$61,452-47.7%

$66,938-51.9%

Participation rate

37.0%

38.1%-1.1pp

52.6%-15.6pp

69.8%-32.8pp

Annual return

-17.70%

-16.21%-1.5pp

338.96%-356.7pp

1.58%-19.3pp

Employer contribution / active EE

$698

$651+7.2%

$1,160-39.8%

$2,545-72.6%

Participant deferral / active EE

$962

$1,338-28.1%

$2,125-54.7%

$4,238-77.3%

Admin fee / account holder

$45

$409-89.0%

$2,131-97.9%

$594-92.4%

Provider

Service type

Compensation

NATIONWIDE8+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$13,806

CORPORATE FINANCIAL SERVICES, LLC6 years

Service code 15

PO BOX 240098 · MONTGOMERY, AL 36124

Recordkeeping

$4,884

BENJAMIN F EDWARDS & COMPANY INC.2 years

Filed as: BENJAMIN F EDWARDS & CO INC

Service code 33

ONE NORTH BRENDWOOD BLVD, SUITE 12 · SAINT LOUIS, MO 63105

Securities brokerage

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