Plan Ledger DOL Form 5500 · updated monthly

Parkway Corporation401(k)

PARKWAY CORPORATION RETIREMENT PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.40%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Parkway Corporation reported $112,827 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,241 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,162nd-largest of 3,651 plans among Pennsylvania employers on file, and the 711th of 3,341 in other services. In 2024, employees put in $2.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,558,265
Participants with balances340
Active participants269
Employer contributions$602,721
Employee contributions$1,654,368
Employer contribution per active participant$2,241
Average account balance$89,877
Benefits paid to participants$2,623,858
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLC
Plan history3
Yearassets · accounts · employer contribution
2024$30.6M · 340 accts · $603K emplr
2023$26.2M · 373 accts · $572K emplr
2022$22.3M · 369 accts · $519K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,198
Investment management$39,629
Total administrative$112,827
The Parkway Corporation 401(k) match · 2024
Employer contribution per active participant$2,241
Median for plans this size$2,416
2024$2,241 per active participant
2023$1,959 per active participant
2022$1,847 per active participant

Parkway Corporation's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$73,186
M HOLDINGS SECURITIES · Investment advisory (plan)$39,629
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$112,827 · 0.40%
2023$100,213 · 0.41%
2022$96,602 · 0.39%
Same employer
Similar plansOther Services · Pennsylvania
Phoebe-Devitt Homes PA$39.5M · 0.44%
Nutrisystem Inc. PA$36.6M · 0.59%
Oncology Nursing Society PA$32.2M · 0.26%
Aaa Central Penn PA$29.5M · 0.30%
US Healthconnect, Inc. PA$26.2M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231394584 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.