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 (2023) 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 2023

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

Prospect flagsLow returnsCorrective 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)

$97.7M

+32.6% from 2022

Total participants

1,837

-14.7% from 2022

Average account balance

$59,267

+70.0% from 2022

Annual return

15.29%

+32.23 pp from 2022

Benchmarks

See 310 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort310 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING HOLDCO LL Service code 28 · EIN 84-4519624	Investment Management	$67,427
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$56,297
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA CORPORATION Service code 64 · EIN 42-1484983	Recordkeeping Fees	$35,670
HCJ CPAS & ADVISORS PLLC1 year Filed as: HCJ CPAS AND ADVISORS PLLC Service code 10 · EIN 71-0650689	Accounting	$16,680
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING INC Service code 28 · EIN 43-1270780	Investment Management	$13,727

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$190K

$125 / participant

Recordkeeping$56K29.7%
Investment mgmt$81K42.8%
Contract admin$52K27.6%

% of EOY assets

0.194%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HCJ CPAS & ADVISORS, PLLC
Auditor EIN: 710650689
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,267

$84,993-30.3%

$130,045-54.4%

$80,157-26.1%

Participation rate

87.5%

79.5%+8.0pp

78.5%+9.0pp

72.9%+14.6pp

Annual return

15.29%

23.76%-8.5pp

-137.30%+152.6pp

40.39%-25.1pp

Employer contribution / active EE

$9,807

$3,051+221.4%

$4,321+126.9%

$2,977+229.4%

Participant deferral / active EE

$2,862

$4,984-42.6%

$5,820-50.8%

$5,015-42.9%

Admin fee / account holder

$115

$391-70.5%

$10,600-98.9%

$145-20.5%

Provider

Service type

Compensation

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING HOLDCO LL

Service code 28 · EIN 84-4519624

Investment Management

$67,427

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$56,297

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA CORPORATION

Service code 64 · EIN 42-1484983

Recordkeeping Fees

$35,670

HCJ CPAS & ADVISORS PLLC1 year

Filed as: HCJ CPAS AND ADVISORS PLLC

Service code 10 · EIN 71-0650689

Accounting

$16,680

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING INC

Service code 28 · EIN 43-1270780

Investment Management

$13,727

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