Retirement plan

PRODUCTION ASSISTANCE INC PROFIT SHARING PLAN

Name: PRODUCTION ASSISTANCE, INC. - PRODUCTION ASSISTANCE INC PROFIT SHARING PLAN (2020) Form 5500
Creator: PRODUCTION ASSISTANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRODUCTION ASSISTANCE INC PROFIT SHARING PLAN, PRODUCTION ASSISTANCE, INC.

PRODUCTION ASSISTANCE, INC.EIN 71-0758419Plan #001PY 2020

401 NORTH PALM STREET - NORTH LITTLE ROCK, AR 721145125501-945-7771pal.solutionsLinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$757K

+39.5% from 2019

Total participants

+5.9% from 2019

Average account balance

$42,054

+31.7% from 2019

Annual return

30.39%

+10.51 pp from 2019

Benchmarks

See 21,451 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,451 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.62M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

110.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$113K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2221

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$47K

$3107 / participant

Other / not subdivided$47K100.0%

% of EOY assets

6.158%

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

$42,054

$112,112-62.5%

$95,956-56.2%

$158,950-73.5%

Participation rate

100.0%

79.0%+21.0pp

77.1%+22.9pp

82.0%+18.0pp

Annual return

30.39%

171.15%-140.8pp

91.63%-61.2pp

302.91%-272.5pp

Employer contribution / active EE

$2,834

$3,199-11.4%

$2,541+11.5%

$4,762-40.5%

Participant deferral / active EE

$3,223

$4,784-32.6%

$4,167-22.6%

$5,983-46.1%

Admin fee / account holder

$2,590

$10,134-74.4%

$6,797-61.9%

$11,248-77.0%

PRODUCTION ASSISTANCE INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRODUCTION ASSISTANCE INC PROFIT SHARING 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