Plans » Benchmarking Engine
Benchmarking Parkway Corporation Retirement Plan in Philadelphia, PA against
good (3)
neutral (6)
Parkway Corporation Retirement Plan in Philadelphia, PA has the 3rd-highest diversity of asset types (41.3%) among the 1,187 Pennsylvania plans. That 41.3% compares to an average of 10.7% across those 1,187 plans.
Parkway Corporation Retirement Plan has these standings among those 1,187 peer plans related to asset types (values of zero are not shown):
Parkway Corporation Retirement Plan has these standings among those 1,187 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 41.3% (3rd-highest)
- participant loans = $544,634 (105th-most)
- value of interest in common/collective trusts = $10,229,431 (60th-highest)
- value of interest in pooled separate accounts = $8,204,930 (122nd-highest)
- value of interest in registered investment companies (e.g., mutual funds) = $6.10M (158th-lowest)
- value of funds held in insurance company general account (unallocated contracts) = $1,551,727 (157th-highest)
- diversity of asset types. Higher values are better. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- in state. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Parkway Corporation Retirement Plan in Philadelphia, PA is in Philadelphia, PA, its EIN is 231394584, its industry group is Other Personal Services, its plan administrator is Jennifer Ostroff, is a profit-sharing plan, collectively-bargained, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, its business code is 812930, has 100 to 499 total participants, is worse than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (the entire set of 5), and is higher than the overall administrative medians in each of contract administrator fees, investment advisory and management fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- net assets (assets minus liabilities) ($26.70M)
- total assets ($26,667,142)
- total assets at beginning of plan year ($24,270,927)
- value of interest in common/collective trusts ($10,229,431)
- value of interest in pooled separate accounts ($8,204,930)
- value of interest in registered investment companies (e.g., mutual funds) ($6.10M)
- total income ($5,248,934)
- earnings on investments ($3,677,061)
- net earnings on investments ($3,638,102)
- total expenses ($2,852,719)
- net income ($2,396,215)
- total contributions ($1,570,121)
- value of funds held in insurance company general account (unallocated contracts) ($1,551,727)
- cash contributions from participants ($1,109,368)
- participant loans ($544,634)
- total administrative expenses ($109,368)
- average account balance ($71,879)
- contract administrator fees ($70,409)
- investment advisory and management fees ($38,959)
- corrective distributions ($18,553)
- net income per total participant ($6,459)
- average participant cash contribution per active participant ($3,990)
- cash contributions from employers ($3,724)
- total administrative expense per participant ($294.79)
- average employer cash contribution per active participant ($13.40)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- professional fees ($0)
- other administrative expenses ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (74.9%)
- diversity of asset types (41.3%)
- yield on beginning-of-plan-year total assets (14.99%)
- participant loans as a percentage of plan assets (2.04%)
- total administrative expense ratio (0.410%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (278)
- deceased participants whose beneficiaries receive or are entitled to benefits (3)
- living participants (368)
- other retired or separated participants entitled to future benefits (90)
- retired or separated participants receiving benefits (0)
- total participants (371)
Global References