401(k) · DOL Form 5500 · 2023

Parsec, Inc. 401(k) Plan

Data updated 2026-08-25

$49M
Total assets Below avg plan size
450
Participants Below avg headcount
85th
Percentile by assets National rank
$108,747
Avg per participant Below avg balance/head
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Official DOL plan name: Parsec, Inc. Profit Sharing/401(k) Plan · Sponsored by Parsec, Inc. · Ohio · Transportation & Warehousing

$49M in assets, 450 participants

Parsec, Inc.'s Parsec, Inc. Profit Sharing/401(k) Plan reported $49M in total assets and 450 participants in its 2023 DOL Form 5500 filing, ranking in the 85th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #2,811 in Transportation & Warehousing (3,362 peers)

Where Parsec, Inc. Profit Sharing/401(k) Plan sits by assets

Parsec, Inc. Profit Sharing/401(k) Plan sits in the top quartile of all filed plans by assets, $49M for 450 participants (~$108,747/participant), up 16.8% in 2023.

#2,811
in Transportation & Warehousing (3,362 peers)
+16.8%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Parsec, Inc. Profit Sharing/401(k) Plan's outsized position by total assets

Parsec, Inc. Profit Sharing/401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$48,936,164 Top 15% higher than 85% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Parsec, Inc. Profit Sharing/401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Parsec, Inc. Profit Sharing/401(k) Plan sits mid-pack in the medium band (450 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Parsec, Inc. Profit Sharing/401(k) Plan reported net income rose from -$13M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Parsec, Inc. Profit Sharing/401(k) Plan end-of-year assets rose from $42M in the plan year 2022 filing to $49M in the plan year 2023 filing.
  • Parsec, Inc. Profit Sharing/401(k) Plan reported participants rose from 410 in the plan year 2022 filing to 450 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 311411831 · Parsec, Inc. PY 2023 · 401(k)

Parsec, Inc. Profit Sharing/401(k) Plan · $49M · 450 · 85th

  • 5500 $49M
  • 5500 450
  • 5500 85th
  • 5500 401(k)
  • 5500 near Planet Equity Group, LLC 401(k) Plan
  • 5500 ind #2811

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Transportation & Warehousing retirement plans → · Plans in Ohio →

Parsec, Inc. Profit Sharing/401(k) Plan in the asset neighbourhood

Parsec, Inc. Profit Sharing/401(k) PlanParsec, Inc. Profit Sharing/…$49MAnnaly Capital Management, Inc. 401(k) PlanAnnaly Capital Management, I…$49MPlanet Equity Group, LLC 401(k) PlanPlanet Equity Group, LLC 401…$49MMead Lumber 401(k) Plan$49MAdvanced Integration Technology 401(k) PlanAdvanced Integration Technol…$49M
End-of-year total assets ($M) among Parsec, Inc. Profit Sharing/401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$42M
Net Assets (End of Year)$49M
Net Income$7M
Employer EIN311411831
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Parsec, Inc.)

Sponsor-wide plan assets over time

All Parsec, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$58M 38.0574548651649% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $41.9M $57.9M ▲ +38.1%
Year Plans Participants Total Assets
2022 1 410 $42M
2023 1 450 $49M
2024 2 699 $58M

Nearby 401(k) Plans in Ohio

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Parsec, Inc. Profit Sharing/401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Parsec, Inc. Profit Sharing/401(k) Plan, Total assets ($B): 0.048936164 · Participants: 450Parsec, Inc. Profit Sharing/401(k) PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Parsec, Inc. Profit Sharing/401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Parsec, Inc. Profit Sharing/401(k) Plan side-by-side with 3 peers →

Parsec, Inc. Profit Sharing/401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Planet Equity Group, LLC 401(k) Plan in IL ($49M); by covered participants it is G&s Corporation 401(k) Profit Sharing Plan and Trust in NY (450 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($49M here).

Similar participant headcount

Nearest other-state filings by covered participants (450 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Parsec, Inc. Profit Sharing/401(k) Plan assets move in 2023? ▼
Parsec, Inc. Profit Sharing/401(k) Plan grew sharply - up 16.8% during 2023, from $42M to $49M. Reported net income was $7M.
How have Parsec, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Parsec, Inc.'s sponsor-wide assets grew 38.1%, from $42M to $58M.
Where does Parsec, Inc. Profit Sharing/401(k) Plan rank by assets among Form 5500 filers? ▼
Parsec, Inc. Profit Sharing/401(k) Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Parsec, Inc. Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Planet Equity Group, LLC 401(k) Plan in IL ($49M, 2,847 participants).
Which 401(k) plans cover a similar participant headcount to Parsec, Inc. Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is G&s Corporation 401(k) Profit Sharing Plan and Trust in NY (450 participants, $11M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 311411831.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.