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 (2023) 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 2023

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

Prospect flagsHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$6M

+25.1% from 2022

Total participants

+23.1% from 2022

Average account balance

$496,515

+4.2% from 2022

Annual return

19.60%

+31.74 pp from 2022

Benchmarks

See 139,849 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,849 peers

Snapshot2023

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

2 tripped

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.

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

$496,515

$148,582+234.2%

$135,942+265.2%

$139,456+256.0%

Participation rate

75.0%

83.9%-8.9pp

81.9%-6.9pp

80.3%-5.3pp

Annual return

19.60%

79.26%-59.7pp

68.28%-48.7pp

373.45%-353.8pp

Employer contribution / active EE

$5,195

$5,245-1.0%

$4,858+6.9%

$4,753+9.3%

Participant deferral / active EE

$11,137

$8,101+37.5%

$7,759+43.5%

$6,711+65.9%

Admin fee / account holder

$12,402-100.0%

$10,764-100.0%

$11,407-100.0%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion