Retirement plan

WILLIAM B. PARRY & SON, LTD PROFIT SHARING PLAN

Name: WILLIAM B. PARRY & SON, LTD. - WILLIAM B. PARRY & SON, LTD PROFIT SHARING PLAN (2023) Form 5500
Creator: WILLIAM B. PARRY & SON, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLIAM B. PARRY & SON, LTD PROFIT SHARING PLAN, WILLIAM B. PARRY & SON, LTD.

WILLIAM B. PARRY & SON, LTD.EIN 86-1453236Plan #001PY 2023

LUXEMBOURG CORPORATE CENTER, 107 CORPORATE DRIVE EAST - LANGHORNE, PA 19047215-579-7310

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

+5.5% from 2022

Total participants

-11.1% from 2022

Average account balance

$150,972

+20.6% from 2022

Annual return

17.39%

+32.60 pp from 2022

Benchmarks

See 36,165 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,165 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.26M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$49K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2H2J2T3D

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.
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

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

$163K

$27180 / participant

Other / not subdivided$163K100.0%

% of EOY assets

15.432%

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

$150,972

$185,883-18.8%

$170,043-11.2%

$139,466+8.2%

Participation rate

83.3%

87.8%-4.4pp

87.0%-3.7pp

80.3%+3.0pp

Annual return

17.39%

60.54%-43.1pp

53.40%-36.0pp

373.66%-356.3pp

Employer contribution / active EE

$1,750

$7,596-77.0%

$6,790-74.2%

$4,754-63.2%

Participant deferral / active EE

$5,500

$11,626-52.7%

$10,410-47.2%

$6,712-18.1%

Admin fee / account holder

$23,297

$15,393+51.3%

$12,824+81.7%

$11,409+104.2%

WILLIAM B. PARRY & SON, LTD PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLIAM B. PARRY & SON, LTD 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