Retirement plan

PRITCHARD & ABBOTT, INC. 401(K) PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN

Name: PRITCHARD & ABBOTT, INC. - PRITCHARD & ABBOTT, INC. 401(K) PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: PRITCHARD & ABBOTT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRITCHARD & ABBOTT, INC. 401(K) PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN, PRITCHARD & ABBOTT, INC.

PRITCHARD & ABBOTT, INC.EIN 75-1782738Plan #003PY 2023

4900 OVERTON COMMONS COURT - FORT WORTH, TX 761323687817-926-7861pandai.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsHigh retiree %Low returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$45.2M

+0.8% from 2022

Total participants

169

+9.0% from 2022

Average account balance

$267,588

-8.1% from 2022

Annual return

5.40%

+17.36 pp from 2022

Benchmarks

See 1,068 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,068 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.80M

Not enough data

1 years with asset history on file

Average account balance

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

$280K

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.

174

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+9.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$634

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ROGERS WEALTH GROUP, INC.9+ years Service code 15 1330 SUMMIT AVENUE · FORT WORTH, TX 76102	Recordkeeping	$99,525
MATRIX TRUST COMPANY3 years Filed as: MATRIX TRUST COMPAY Service code 18 · EIN 75-3182674	Custodial (other than securities); Tr...	$6,110

Plan features & details

Pension benefit codes2E2F2H2J2K2O2Q2T3I

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$106K

$997 / participant

Recordkeeping$3K2.6%
Trustee / custodial$6K5.8%
Investment mgmt$97K91.7%

% of EOY assets

0.234%

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: KHA ACCOUNTANTS, PLLC
Auditor EIN: 814277254
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$267,588

$65,428+309.0%

$169,397+58.0%

$71,529+274.1%

Participation rate

100.0%

66.9%+33.1pp

77.2%+22.8pp

67.9%+32.1pp

Annual return

5.40%

21.35%-15.9pp

406.23%-400.8pp

28.97%-23.6pp

Employer contribution / active EE

$23,273

$2,064+1027.6%

$4,013+479.9%

$2,590+798.7%

Participant deferral / active EE

$5,414

$4,360+24.2%

$6,223-13.0%

$4,291+26.2%

Admin fee / account holder

$625

$1,328-52.9%

$9,017-93.1%

$1,588-60.7%

Provider

Service type

Compensation

ROGERS WEALTH GROUP, INC.9+ years

Service code 15

1330 SUMMIT AVENUE · FORT WORTH, TX 76102

Recordkeeping

$99,525

MATRIX TRUST COMPANY3 years

Filed as: MATRIX TRUST COMPAY

Service code 18 · EIN 75-3182674

Custodial (other than securities); Tr...

$6,110

PRITCHARD & ABBOTT, INC. 401(K) PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRITCHARD & ABBOTT, INC. 401(K) PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP 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