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 (2019) 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 2019

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

Prospect flagsCorrective distributions

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)

$41.7M

+23.6% from 2018

Total participants

747

+38.1% from 2018

Average account balance

$56,020

-10.8% from 2018

Annual return

20.58%

+30.74 pp from 2018

Benchmarks

See 1,313 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,313 peers

Snapshot2019

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
TRANSAMERICA RETIREMENT SOLUTIONS3 years Service code 12 · EIN 13-3689044	Finders' fees / placement fees; Parti...	$102,059
STEPHENS INC4+ years Filed as: STEPHENS, INC. Service code 16 · EIN 71-0641478	Consulting	$59,942
HUDSON CISNE & CO LLP1 year Filed as: HUDSON CISNE & CO., LLP Service code 10 · EIN 71-0650689	Accounting	$13,500
NATIONAL FINANCIAL SERVICES3 years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$176K

$323 / participant

Investment mgmt$60K34.2%
Other / not subdivided$116K65.8%

% of EOY assets

0.421%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,020

$69,159-19.0%

$125,192-55.3%

$67,579-17.1%

Participation rate

99.4%

78.2%+21.2pp

79.8%+19.7pp

71.3%+28.2pp

Annual return

20.58%

27.12%-6.5pp

43.79%-23.2pp

378.56%-358.0pp

Employer contribution / active EE

$1,777

$2,023-12.2%

$3,866-54.0%

$2,148-17.3%

Participant deferral / active EE

$2,627

$3,700-29.0%

$4,937-46.8%

$3,539-25.8%

Admin fee / account holder

$236

$142+66.4%

$9,704-97.6%

$142+65.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Service code 12 · EIN 13-3689044

Finders' fees / placement fees; Parti...

$102,059

STEPHENS INC4+ years

Filed as: STEPHENS, INC.

Service code 16 · EIN 71-0641478

Consulting

$59,942

HUDSON CISNE & CO LLP1 year

Filed as: HUDSON CISNE & CO., LLP

Service code 10 · EIN 71-0650689

Accounting

$13,500

NATIONAL FINANCIAL SERVICES3 years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

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