Retirement plan

PRIORITY WIRE & CABLE, INC 401(K) & PROFIT SHARING PLAN

Name: PRIORITY WIRE & CABLE, INC. - PRIORITY WIRE & CABLE, INC 401(K) & PROFIT SHARING PLAN (2017) Form 5500
Creator: PRIORITY WIRE & CABLE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRIORITY WIRE & CABLE, INC 401(K) & PROFIT SHARING PLAN, PRIORITY WIRE & CABLE, INC.

PRIORITY WIRE & CABLE, INC.EIN 71-0732557Plan #001PY 2017

1800 E ROOSEVELT ROAD - LITTLE ROCK, AR 72206501-372-5444prioritywire.comLinkedIn501-1000 employeeselectrical/electronic manufacturing

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed December 16, 2022

Plan administrator

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1800 East Roosevelt Road

Little Rock, AR 72206

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Plans declared (1)

Plan name not on file40 emp

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Total assets (EOY)

$29.5M

+25.0% from 2016

Total participants

-73.8% from 2016

Average account balance

$74,957

+6.9% from 2016

Annual return

14.69%

+5.64 pp from 2016

Benchmarks

See 143 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Cohort143 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$70.06M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

755

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

-33.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$157

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

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP INC Service code 15	Recordkeeping	$20,096
NEWPORT GROUP, INC.2+ years Filed as: NEWPORT GROUP, INC Service code 12 · EIN 27-2037969	Claims processing; Recordkeeping fees...	$4,096
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 12 · EIN 13-3689044	Sales loads (front end and deferred);...	$1,502
NATIONAL FINANCIAL SERVICES1 year Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2J2G3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$88K

Investment mgmt$58K66.2%
Contract admin$19K21.6%
Other / not subdivided$11K12.2%

% of EOY assets

0.299%

all-in expense ratio

Categories reported

2 / 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: HUDSON, CISNE & COMPANY, LLP
Auditor EIN: 710650689
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,957

$190,225-60.6%

$117,861-36.4%

Participation rate

0.0%

74.9%-74.9pp

79.7%-79.7pp

Annual return

14.69%

90.66%-76.0pp

335.11%-320.4pp

Employer contribution / active EE

$1,779-100.0%

$3,786-100.0%

Participant deferral / active EE

$3,327-100.0%

$4,482-100.0%

Admin fee / account holder

$224

$9,756-97.7%

$8,021-97.2%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP INC

Service code 15

Recordkeeping

$20,096

NEWPORT GROUP, INC.2+ years

Filed as: NEWPORT GROUP, INC

Service code 12 · EIN 27-2037969

Claims processing; Recordkeeping fees...

$4,096

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 12 · EIN 13-3689044

Sales loads (front end and deferred);...

$1,502

NATIONAL FINANCIAL SERVICES1 year

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

PRIORITY WIRE & CABLE, INC 401(K) & PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRIORITY WIRE & CABLE, INC 401(K) & PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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