Retirement plan

PARKWAY PROPERTY INVESTMENTS, LLC 401(K) PROFIT SHARING RETIREMENT PLAN

Name: PARKWAY PROPERTY INVESTMENTS LLC - PARKWAY PROPERTY INVESTMENTS, LLC 401(K) PROFIT SHARING RETIREMENT PLAN (2017) Form 5500
Creator: PARKWAY PROPERTY INVESTMENTS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARKWAY PROPERTY INVESTMENTS, LLC 401(K) PROFIT SHARING RETIREMENT PLAN, PARKWAY PROPERTY INVESTMENTS LLC

PARKWAY PROPERTY INVESTMENTS LLCEIN 82-2982849Plan #001PY 2017

800 N. MAGNOLIA AVE., SUITE 1625 - ORLANDO, FL 32803407-650-0593LinkedIn11-50 employees

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$14.5M

No prior year

Total participants

266

No prior year

Average account balance

No prior year

Annual return

14.30%

No prior year

Benchmarks

See 939 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.28M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

196

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$423

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
WATER OAK ADVISORS1+ years Service code 27 PO BOX 4968 · ORLANDO, FL 32802	Advisory (Plan)	$34,436
CARPENTER MORSE GROUP1+ years Service code 13 1560 N ORANGE AVE., STE 410 · WINTER PARK, FL 32789	Contract Administrator	$11,033
WITHUMSMITH+BROWN, PC1+ years Filed as: WITHUMSMITH & BROWN, PC Service code 10 5 VAUGHN DR · PRINCETON, NJ 08540	Accounting	$9,500
MY BENEFITS, LLC1+ years Service code 13 5352 PEACHTREE RD · ATLANTA, GA 30341	Contract Administrator	$2,266
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,050

Plan features & details

Pension benefit codes2E2G2J2K2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$48K

$326 / participant

Investment mgmt$48K100.0%

% of EOY assets

0.333%

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: WITHUMSMITH & BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,639-100.0%

$185,117-100.0%

$62,293-100.0%

Participation rate

0.0%

63.9%-63.9pp

77.3%-77.3pp

69.5%-69.5pp

Annual return

14.30%

19.57%-5.3pp

40.50%-26.2pp

28.90%-14.6pp

Employer contribution / active EE

$2,486

$1,483+67.6%

$4,182-40.6%

$2,042+21.7%

Participant deferral / active EE

$5,327

$3,097+72.0%

$5,045+5.6%

$3,169+68.1%

Admin fee / account holder

$374-100.0%

$8,159-100.0%

$479-100.0%

Provider

Service type

Compensation

WATER OAK ADVISORS1+ years

Service code 27

PO BOX 4968 · ORLANDO, FL 32802

Advisory (Plan)

$34,436

CARPENTER MORSE GROUP1+ years

Service code 13

1560 N ORANGE AVE., STE 410 · WINTER PARK, FL 32789

Contract Administrator

$11,033

WITHUMSMITH+BROWN, PC1+ years

Filed as: WITHUMSMITH & BROWN, PC

Service code 10

5 VAUGHN DR · PRINCETON, NJ 08540

Accounting

$9,500

MY BENEFITS, LLC1+ years

Service code 13

5352 PEACHTREE RD · ATLANTA, GA 30341

Contract Administrator

$2,266

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,050

PARKWAY PROPERTY INVESTMENTS, LLC 401(K) PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARKWAY PROPERTY INVESTMENTS, LLC 401(K) PROFIT SHARING RETIREMENT 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