Retirement plan

PRESSLY, PRESSLY, RANDOLPH & PRESSLY, P.A. 401(K) PLAN

Name: PRESSLY, PRESSLY, RANDOLPH & PRESSLY, P.A. - PRESSLY, PRESSLY, RANDOLPH & PRESSLY, P.A. 401(K) PLAN (2022) Form 5500
Creator: PRESSLY, PRESSLY, RANDOLPH & PRESSLY, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRESSLY, PRESSLY, RANDOLPH & PRESSLY, P.A. 401(K) PLAN, PRESSLY, PRESSLY, RANDOLPH & PRESSLY, P.A.

PRESSLY, PRESSLY, RANDOLPH & PRESSLY, P.A.EIN 65-0236030Plan #001PY 2022

251 ROYAL PALM WAY, SUITE 300 - PALM BEACH, FL 33480561-659-4040

Prospect flagsHigh feesHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$4.8M

-7.8% from 2021

Total participants

-18.8% from 2021

Average account balance

$476,314

+29.1% from 2021

Annual return

-12.14%

-34.42 pp from 2021

Benchmarks

See 133,872 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.10M

Not enough data

1 years with asset history on file

Average account balance

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

$623K

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.

81.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$306K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+14.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$47897

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 codes2E2G2J2R3D

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

3 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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$13K

$978 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.267%

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

$476,314

$138,102+244.9%

$125,381+279.9%

$134,532+254.1%

Participation rate

76.9%

84.5%-7.6pp

82.4%-5.5pp

81.2%-4.3pp

Annual return

-12.14%

750.73%-762.9pp

572.31%-584.4pp

418.27%-430.4pp

Employer contribution / active EE

$5,329

$5,245+1.6%

$4,815+10.7%

$4,741+12.4%

Participant deferral / active EE

$12,934

$7,801+65.8%

$7,448+73.7%

$6,401+102.1%

Admin fee / account holder

$1,272

$11,568-89.0%

$10,007-87.3%

$11,429-88.9%

PRESSLY, PRESSLY, RANDOLPH & PRESSLY, P.A. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRESSLY, PRESSLY, RANDOLPH & PRESSLY, P.A. 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