2023 Form 5500 filing — The Parrott Group, Inc. 401(K) Salary Reduction Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20250714160854NAL0001755840001) for The Parrott Group, Inc. 401(K) Salary Reduction Plan, reported by The Parrott Group, Inc. under EIN 57-0936400 and plan number 001. It reports 295 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250714160854NAL0001755840001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Parrott Group, Inc.
- EIN
- 57-0936400
- Plan number
- 001
- Location
- Florence, SC
- Participants
- 295
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,346,676
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,346,676
- Employer contributions
- $334,792
- Participant contributions
- $397,086
- Total income / additions
- $2,059,730
- Benefits paid
- $427,779
- Administrative expenses
- $55,156
- Total expenses
- $518,477
- Net increase / (decrease)
- $1,541,253
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Newport Group, Inc. | RECORD-KEEPER | $30,296 | $0 |
| Wrfa | ADVISOR | $21,752 | not reported in the loaded dataset |