Retirement plan

PANDA RETIREMENT PLAN

Name: PANDA RESTAURANT GROUP, INC. - PANDA RETIREMENT PLAN (2019) Form 5500
Creator: PANDA RESTAURANT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PANDA RETIREMENT PLAN, PANDA RESTAURANT GROUP, INC.

PANDA RESTAURANT GROUP, INC.EIN 95-4065005Plan #001PY 2019

1683 WALNUT GROVE AVE - ROSEMEAD, CA 91770626-799-9898pandarg.comLinkedIn10001+ employeesrestaurants

Other plans on this EIN

1 filing

#002Retirement-$458K assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$305.7M

-13.0% from 2016

Total participants

35,351

-27.1% from 2016

Average account balance

$36,039

+8.6% from 2016

Annual return

23.07%

-8.57 pp from 2016

Benchmarks

See 40 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants>=10,000

Cohort40 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$609.81M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

14,632

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.

21.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+16.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$60

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 6 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC3 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$434,215
WESPAC PLAN SERVICES, LLC1 year Filed as: WESPAC ADVISORS LLC Service code 27 7030 N FRUIT AVE · FRESNO, CA 93711	Advisory (Plan)	$81,500
NORTHERN TRUST COMPANY2 years Filed as: THE NORTHERN TRUST COMPANY Service code 21 50 S. LASALLE STREET · CHICAGO, IL 60675	Bank Trustee	$47,217
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTON LARSON ALLEN LLP Service code 10 8215 GREENWAY BLVD · MIDDLETON, WI 53562	Accounting	$15,500
CHARLES SCHWAB & CO., INC.2 years Service code 33 211 MAIN STREET · SAN FRANCISCO, CA 94105	Direct payment from the plan; Securit...	$4,153
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO, INC. Service code 33	Securities brokerage; Direct payment ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$583K

$17 / participant

Investment mgmt$82K14.0%
Other / not subdivided$501K86.0%

% of EOY assets

0.191%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,039

$43,471-17.1%

$74,725-51.8%

$89,609-59.8%

Participation rate

20.3%

36.3%-16.0pp

54.5%-34.2pp

69.6%-49.3pp

Annual return

23.07%

24.97%-1.9pp

753.24%-730.2pp

33.65%-10.6pp

Employer contribution / active EE

$302

$554-45.4%

$1,084-72.1%

$2,584-88.3%

Participant deferral / active EE

$729

$1,177-38.0%

$1,961-62.8%

$4,222-82.7%

Admin fee / account holder

$69

$74-7.0%

$3,335-97.9%

$72-4.1%

Provider

Service type

Compensation

T ROWE PRICE RPS INC3 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$434,215

WESPAC PLAN SERVICES, LLC1 year

Filed as: WESPAC ADVISORS LLC

Service code 27

7030 N FRUIT AVE · FRESNO, CA 93711

Advisory (Plan)

$81,500

NORTHERN TRUST COMPANY2 years

Filed as: THE NORTHERN TRUST COMPANY

Service code 21

50 S. LASALLE STREET · CHICAGO, IL 60675

Bank Trustee

$47,217

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTON LARSON ALLEN LLP

Service code 10

8215 GREENWAY BLVD · MIDDLETON, WI 53562

Accounting

$15,500

CHARLES SCHWAB & CO., INC.2 years

Service code 33

211 MAIN STREET · SAN FRANCISCO, CA 94105

Direct payment from the plan; Securit...

$4,153

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33

Securities brokerage; Direct payment ...

PANDA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PANDA 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