Plan Ledger DOL Form 5500 · updated monthly

Parrish Security Group401(k)

PARRISH SECURITY SERVICES 401(K) PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
3.74%

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

Parrish Security Group reported $41,112 in plan administrative expenses for 2024: 3.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $764 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 2 years on file its reported administrative ratio rose from 1.65% to 3.74%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Texas (5,185th of 5,688), and 2,114th of 2,534 in administrative & support services. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,258,815
Participants with balances333
Active participants220
Employer contributions$167,977
Employee contributions$336,403
Employer contribution per active participant$764
Average account balance$3,780
Benefits paid to participants$269,254
Plan auditUnmodified (clean) audit opinion
AuditorGWYNN CPA'S LLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.3M · 333 accts · $168K emplr
2023$937K · 257 accts · $139K emplr
2022$774K · 348 accts · $135K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,882
Investment management$21,230
Total administrative$41,112
The Parrish Security Group 401(k) match · 2024
Employer contribution per active participant$764
Median for plans this size$1,313
2024$764 per active participant
2023$625 per active participant
2022$581 per active participant

Parrish Security Group's 2024 employer contribution ran below the $1,313 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
ADP, INC. · Loan processing · Recordkeeping$20,069
GENEOS WEALTH MANAGEMENT, INC. · Recordkeeping · Pension consulting$10,542
GWYNN CPAS LLC · Recordkeeping · Pension consulting$10,500

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

Recordkeeper by year2
2024ADP, GENEOS WEALTH MANAGEMENT, INC., GWYNN CPAS LLC
2023ADP

This plan has changed recordkeepers within these filings. If you left Parrish Security Group before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$41,112 · 3.74%
2023$20,371 · 2.38%
2022$12,584 · 1.65%
Similar plansAdministrative & Support Services · Texas
Asap Consultants, Inc. TX$1.4M · 1.30%
Catapult Solutions Group TX$1.2M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471676480 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.