Parsec, Inc.401(k)
PARSEC, INC. PROFIT SHARING/401(K) PLAN · CINCINNATI, OH · plan year 2024
Parsec, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $54,271,262 across 850 participant accounts, with employer contributions averaging $1,634 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 1 year on file its reported administrative ratio fell from 0.04% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 616th-largest of 3,295 plans among Ohio employers on file, and the 363rd of 2,677 in transportation & warehousing. In 2024, employees put in $1.51 for every $1.00 the employer contributed; active participation has grown from 450 to 836 since 2022.
Parsec, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 311411831 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.