Retirement plan

PARAGON SPACE DEVELOPMENT CORPORATION EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN

Name: PARAGON SPACE DEVELOPMENT CORPORATION - PARAGON SPACE DEVELOPMENT CORPORATION EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN (2024) Form 5500
Creator: PARAGON SPACE DEVELOPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARAGON SPACE DEVELOPMENT CORPORATION EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN, PARAGON SPACE DEVELOPMENT CORPORATION

PARAGON SPACE DEVELOPMENT CORPORATIONEIN 86-0734347Plan #002PY 2024

3400 E BRITANNIA DR - TUCSON, AZ 85706520-903-1000paragonsdc.comLinkedIn51-200 employeesaviation & aerospace

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.6M

+17.3% from 2023

Total participants

354

+4.4% from 2023

Average account balance

$53,267

+11.2% from 2023

Annual return

20.62%

+16.70 pp from 2023

Benchmarks

See 6,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.64M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

350

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+20.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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 3 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: COMMONWEALTH EQUITY SERVICES LLC Service code 27 29 SAWYER ROAD · WALTHAM, MA 024533483	Advisory (Plan)	$14,032
BLUE CHIP RETIREMENT PLANS, INC.2 years Filed as: BLUE RIDGE ESOP ASSOCIATES Service code 13 154 HANSEN ROAD · CHARLOTTESVILLE, VA 22911	Contract Administrator	$9,771
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,380

Plan features & details

Pension benefit codes2E2H2J2K2O

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$57K

$482 / participant

Contract admin$57K100.0%
Other / not subdivided$240.0%

% of EOY assets

0.308%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BEACHFLEISCHMAN PLLC
Auditor EIN: 860683059
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,267

$101,499-47.5%

$147,005-63.8%

$74,546-28.5%

Participation rate

96.6%

75.5%+21.1pp

82.2%+14.5pp

67.2%+29.4pp

Annual return

20.62%

8732.34%-8711.7pp

418.76%-398.1pp

1366.03%-1345.4pp

Employer contribution / active EE

$3,719

$3,811-2.4%

$4,934-24.6%

$2,624+41.7%

Participant deferral / active EE

$10,911

$7,304+49.4%

$8,070+35.2%

$4,347+151.0%

Admin fee / account holder

$164

$1,748-90.6%

$13,006-98.7%

$1,944-91.6%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: COMMONWEALTH EQUITY SERVICES LLC

Service code 27

29 SAWYER ROAD · WALTHAM, MA 024533483

Advisory (Plan)

$14,032

BLUE CHIP RETIREMENT PLANS, INC.2 years

Filed as: BLUE RIDGE ESOP ASSOCIATES

Service code 13

154 HANSEN ROAD · CHARLOTTESVILLE, VA 22911

Contract Administrator

$9,771

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,380

PARAGON SPACE DEVELOPMENT CORPORATION EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARAGON SPACE DEVELOPMENT CORPORATION EMPLOYEE STOCK OWNERSHIP AND 401(K) 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