Texas › Real estate and rental and leasing › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Pritchard & Abbott, Inc. 401(k) Profit Sharing and Employee Stock Ownership Plan
Sponsored by Pritchard & Abbott, Inc., Fort Worth, TX
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Pritchard & Abbott, Inc. 401(k) Profit Sharing and Employee Stock Ownership Plan covered 174 participants and held $48.8M in net assets. The plan is an ESOP with a 401(k) feature sponsored by Pritchard & Abbott, Inc. of Fort Worth, Texas.
Net assets came to $280,433 per participant, well above the $60,185 median for defined contribution plans with 100 to 249 participants and well above the $40,415 median for defined contribution plans in real estate and rental and leasing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $2.7M during the year, or $24,968 per active participant against a same-size median of $2,447; participants contributed $590K. Benefits paid out totalled $4.0M.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $110K: $634 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $110K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $21.2M in 2013 to $48.8M in 2024 (up 130%), and participants from 117 to 174 (up 49%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $280,433 | $60,185 | $40,415 | $53,102 |
| Employer contributions per active participant | $24,968 | $2,447 | $1,625 | $2,175 |
| Schedule C compensation per participant | $634 | $194 | $126 | $123 |
| Schedule C compensation, share of net assets | 0.23% | 0.32% | 0.34% | 0.26% |
| Administrative expenses per participant | $634 | $176 | $123 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), real estate and rental and leasing (1,578) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 174 | $48.8M | $280,431 | $2.7M | $590K | $110K |
| 2023 | 169 | $45.2M | $267,586 | $2.5M | $574K | $106K |
| 2022 | 155 | $44.9M | $289,426 | $2.6M | $594K | $105K |
| 2021 | 151 | $51.3M | $339,609 | $3.0M | $642K | $108K |
| 2020 | 152 | $44.5M | $292,908 | $2.3M | $647K | $82K |
| 2019 | 149 | $39.1M | $262,564 | $2.6M | $675K | $89K |
| 2018 | 147 | $36.9M | $251,027 | $1.7M | $631K | $93K |
| 2017 | 138 | $36.2M | $262,428 | $1.5M | $607K | $84K |
| 2016 | 141 | $32.8M | $232,879 | $890K | $602K | $74K |
| 2015 | 132 | $25.9M | $195,848 | $844K | $587K | $69K |
| 2014 | 123 | $24.1M | $195,862 | $798K | $529K | $80K |
| 2013 | 117 | $21.2M | $181,179 | $907K | $470K | $83K |
| 2012 | 119 | — | — | — | — | — |
| 2011 | 115 | — | — | — | — | — |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$45,222,402
- Employer contributions$2,721,470
- Participant contributions$590,338
- Rollovers and other contributions—
- Total contributions$3,311,808
- Total income, including investment results$7,708,663
- Benefits paid$4,025,362
- Administrative expenses$110,340
- Total expenses$4,135,702
- Net income$3,572,961
- Net transfers$0
- Net assets, end of year$48,795,363
Participants
- Active participants109
- Retired or separated, receiving benefits52
- Retired or separated, entitled to future benefits12
- Participants with account balances174
- Total participants, end of year174
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Rogers Wealth Group, Inc. | Recordkeeping and information management; Investment management; Named fiduciary; Participant loan processing | $103,508 | $0 |
| Matrix Trust Compay | Custodial (other than securities); Custodial (securities); Trustee (bank, trust company, or similar financial institution); Trustee (directed) | $6,832 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$100,208
- Trustee and custodial fees$6,832
- Contract administrator fees$3,300
- Total administrative expenses$110,340
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Employer securities$27.1M · 55.6%
- Registered investment companies (mutual funds)$11.2M · 23.0%
- Common/collective trusts$9.4M · 19.3%
- Cash (interest and non-interest bearing)$640K · 1.3%
- Receivables$411K · 0.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmKha Accountants, PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2HPartial participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2OESOP other than a leveraged ESOP2QThe employer maintaining this ESOP is an S corporation2TTotal or partial participant-directed account plan with a default investment account3IPlan requiring that all or part of employer contributions be invested and held in employer securities
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 531320.
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| SRS Real Estate Partners 401(k) Plan | SRS Real Estate Partners, LLC | 178 | $12.9M | $72,422 |
| Boxx Modular Holdings, Inc. 401(k) Profit Sharing Plan and T | Boxx Modular Holdings, Inc. | 173 | $11.8M | $68,480 |
| Icon Lodging LLC 401(k) Plan | Icon Lodging LLC | 179 | $175K | $978 |
| Buxton Company 401(k) Savings Plan | Buxton Company | 173 | $14.0M | $81,038 |
| GWR Equities, LLC | GWR 401(k) Plan | 180 | $4.1M | $22,848 |
| Silvercar, Inc. 401(k) Plan | Silvercar, Inc. | 172 | $9.2M | $53,616 |
Defined contribution plans in real estate and rental and leasing closest in size.
Questions and answers
How big is Pritchard & Abbott, Inc. 401(k) Profit Sharing and Employee Stock Ownership Plan?
174 participants at the end of the plan year ending 31 Dec 2024, of whom 109 were active employees, with net assets of $48,795,363. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Pritchard & Abbott, Inc. contribute per participant?
The filing reports $2,721,470 in employer contributions for the year, which is $24,968 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $110,340 in compensation to service provider organisations, $634 per participant or 0.23% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $110,340. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Pritchard & Abbott, Inc.. Recordkeeping or administration: Rogers Wealth Group, Inc.. Investment advisory or management: Rogers Wealth Group, Inc.. Trustee or custodian: Matrix Trust Compay. The financial statements were audited by Kha Accountants, PLLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 22 Sep 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 75-1782738, plan 003, received 22 Sep 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.