Civic Intelligence

Parsec Financial Management Inc.

Plan context: Parsec Financial Management Inc. Profit Sharing Plan

EIN 56-1443390 • Asheville, NC • 22 filings • 3 plans

6 Wall StreetAsheville, NC 28801
Current Snapshot

Latest Year

2023

2023 Participants

79

2023 Assets

$16,409,689

2023 Contributions

$1,000,000

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$18,277,874$9,138,937$0200220122022YearValue
$16,409,689Latest year 2022

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

79400200220122022YearValue
79Latest year 2022

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202310$0$0-
Parsec Financial Management Inc. Profit Sharing Plan-0$0--
2022179$16,409,689$1,000,000$12,658iApproximate average salary by contribution assumption: employee only about $316,456 at 4% or $210,970 at 6%; with 50% employer match about $210,970 at 4% or $140,647 at 6%; with 100% employer match about $158,228 at 4% or $105,485 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-79$16,409,689$1,000,000$12,658iApproximate average salary by contribution assumption: employee only about $316,456 at 4% or $210,970 at 6%; with 50% employer match about $210,970 at 4% or $140,647 at 6%; with 100% employer match about $158,228 at 4% or $105,485 at 6%.
2021173$18,277,874$1,015,471$13,911iApproximate average salary by contribution assumption: employee only about $347,764 at 4% or $231,843 at 6%; with 50% employer match about $231,843 at 4% or $154,562 at 6%; with 100% employer match about $173,882 at 4% or $115,921 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-73$18,277,874$1,015,471$13,911iApproximate average salary by contribution assumption: employee only about $347,764 at 4% or $231,843 at 6%; with 50% employer match about $231,843 at 4% or $154,562 at 6%; with 100% employer match about $173,882 at 4% or $115,921 at 6%.
2020163$14,861,292$1,000,000$15,873iApproximate average salary by contribution assumption: employee only about $396,825 at 4% or $264,550 at 6%; with 50% employer match about $264,550 at 4% or $176,367 at 6%; with 100% employer match about $198,413 at 4% or $132,275 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-63$14,861,292$1,000,000$15,873iApproximate average salary by contribution assumption: employee only about $396,825 at 4% or $264,550 at 6%; with 50% employer match about $264,550 at 4% or $176,367 at 6%; with 100% employer match about $198,413 at 4% or $132,275 at 6%.
2019166$11,667,814$1,232,351$18,672iApproximate average salary by contribution assumption: employee only about $466,800 at 4% or $311,200 at 6%; with 50% employer match about $311,200 at 4% or $207,466 at 6%; with 100% employer match about $233,400 at 4% or $155,600 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-66$11,667,814$1,232,351$18,672iApproximate average salary by contribution assumption: employee only about $466,800 at 4% or $311,200 at 6%; with 50% employer match about $311,200 at 4% or $207,466 at 6%; with 100% employer match about $233,400 at 4% or $155,600 at 6%.
2018157$8,968,806$975,000$17,105iApproximate average salary by contribution assumption: employee only about $427,632 at 4% or $285,088 at 6%; with 50% employer match about $285,088 at 4% or $190,058 at 6%; with 100% employer match about $213,816 at 4% or $142,544 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-57$8,968,806$975,000$17,105iApproximate average salary by contribution assumption: employee only about $427,632 at 4% or $285,088 at 6%; with 50% employer match about $285,088 at 4% or $190,058 at 6%; with 100% employer match about $213,816 at 4% or $142,544 at 6%.
2017147$9,006,492$965,500$20,543iApproximate average salary by contribution assumption: employee only about $513,564 at 4% or $342,376 at 6%; with 50% employer match about $342,376 at 4% or $228,251 at 6%; with 100% employer match about $256,782 at 4% or $171,188 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-47$9,006,492$965,500$20,543iApproximate average salary by contribution assumption: employee only about $513,564 at 4% or $342,376 at 6%; with 50% employer match about $342,376 at 4% or $228,251 at 6%; with 100% employer match about $256,782 at 4% or $171,188 at 6%.
2016144$6,602,814$833,051$18,933iApproximate average salary by contribution assumption: employee only about $473,324 at 4% or $315,550 at 6%; with 50% employer match about $315,550 at 4% or $210,366 at 6%; with 100% employer match about $236,662 at 4% or $157,775 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-44$6,602,814$833,051$18,933iApproximate average salary by contribution assumption: employee only about $473,324 at 4% or $315,550 at 6%; with 50% employer match about $315,550 at 4% or $210,366 at 6%; with 100% employer match about $236,662 at 4% or $157,775 at 6%.
2015137$7,338,577$750,000$20,270iApproximate average salary by contribution assumption: employee only about $506,757 at 4% or $337,838 at 6%; with 50% employer match about $337,838 at 4% or $225,225 at 6%; with 100% employer match about $253,378 at 4% or $168,919 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-37$7,338,577$750,000$20,270iApproximate average salary by contribution assumption: employee only about $506,757 at 4% or $337,838 at 6%; with 50% employer match about $337,838 at 4% or $225,225 at 6%; with 100% employer match about $253,378 at 4% or $168,919 at 6%.
2014135$7,214,563$650,000$18,571iApproximate average salary by contribution assumption: employee only about $464,286 at 4% or $309,524 at 6%; with 50% employer match about $309,524 at 4% or $206,349 at 6%; with 100% employer match about $232,143 at 4% or $154,762 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-35$7,214,563$650,000$18,571iApproximate average salary by contribution assumption: employee only about $464,286 at 4% or $309,524 at 6%; with 50% employer match about $309,524 at 4% or $206,349 at 6%; with 100% employer match about $232,143 at 4% or $154,762 at 6%.
2013129$5,965,073$650,000$22,414iApproximate average salary by contribution assumption: employee only about $560,345 at 4% or $373,563 at 6%; with 50% employer match about $373,563 at 4% or $249,042 at 6%; with 100% employer match about $280,172 at 4% or $186,782 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-29$5,965,073$650,000$22,414iApproximate average salary by contribution assumption: employee only about $560,345 at 4% or $373,563 at 6%; with 50% employer match about $373,563 at 4% or $249,042 at 6%; with 100% employer match about $280,172 at 4% or $186,782 at 6%.
2012127$3,997,420$491,676$18,210iApproximate average salary by contribution assumption: employee only about $455,256 at 4% or $303,504 at 6%; with 50% employer match about $303,504 at 4% or $202,336 at 6%; with 100% employer match about $227,628 at 4% or $151,752 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-27$3,997,420$491,676$18,210iApproximate average salary by contribution assumption: employee only about $455,256 at 4% or $303,504 at 6%; with 50% employer match about $303,504 at 4% or $202,336 at 6%; with 100% employer match about $227,628 at 4% or $151,752 at 6%.
2011127$3,046,524$400,000$14,815iApproximate average salary by contribution assumption: employee only about $370,370 at 4% or $246,914 at 6%; with 50% employer match about $246,914 at 4% or $164,609 at 6%; with 100% employer match about $185,185 at 4% or $123,457 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-27$3,046,524$400,000$14,815iApproximate average salary by contribution assumption: employee only about $370,370 at 4% or $246,914 at 6%; with 50% employer match about $246,914 at 4% or $164,609 at 6%; with 100% employer match about $185,185 at 4% or $123,457 at 6%.
2010127$2,659,536$260,000$9,630iApproximate average salary by contribution assumption: employee only about $240,741 at 4% or $160,494 at 6%; with 50% employer match about $160,494 at 4% or $106,996 at 6%; with 100% employer match about $120,370 at 4% or $80,247 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-27$2,659,536$260,000$9,630iApproximate average salary by contribution assumption: employee only about $240,741 at 4% or $160,494 at 6%; with 50% employer match about $160,494 at 4% or $106,996 at 6%; with 100% employer match about $120,370 at 4% or $80,247 at 6%.
2009127$2,031,351$235,000$8,704iApproximate average salary by contribution assumption: employee only about $217,593 at 4% or $145,062 at 6%; with 50% employer match about $145,062 at 4% or $96,708 at 6%; with 100% employer match about $108,796 at 4% or $72,531 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-27$2,031,351$235,000$8,704iApproximate average salary by contribution assumption: employee only about $217,593 at 4% or $145,062 at 6%; with 50% employer match about $145,062 at 4% or $96,708 at 6%; with 100% employer match about $108,796 at 4% or $72,531 at 6%.
2008124$1,364,025$90,000$3,750iApproximate average salary by contribution assumption: employee only about $93,750 at 4% or $62,500 at 6%; with 50% employer match about $62,500 at 4% or $41,667 at 6%; with 100% employer match about $46,875 at 4% or $31,250 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-24$1,364,025$90,000$3,750iApproximate average salary by contribution assumption: employee only about $93,750 at 4% or $62,500 at 6%; with 50% employer match about $62,500 at 4% or $41,667 at 6%; with 100% employer match about $46,875 at 4% or $31,250 at 6%.
2007121$2,206,593$202,968$9,665iApproximate average salary by contribution assumption: employee only about $241,629 at 4% or $161,086 at 6%; with 50% employer match about $161,086 at 4% or $107,390 at 6%; with 100% employer match about $120,814 at 4% or $80,543 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-21$2,206,593$202,968$9,665iApproximate average salary by contribution assumption: employee only about $241,629 at 4% or $161,086 at 6%; with 50% employer match about $161,086 at 4% or $107,390 at 6%; with 100% employer match about $120,814 at 4% or $80,543 at 6%.
2006119$1,925,800$386,644$20,350iApproximate average salary by contribution assumption: employee only about $508,742 at 4% or $339,161 at 6%; with 50% employer match about $339,161 at 4% or $226,108 at 6%; with 100% employer match about $254,371 at 4% or $169,581 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-19$1,925,800$386,644$20,350iApproximate average salary by contribution assumption: employee only about $508,742 at 4% or $339,161 at 6%; with 50% employer match about $339,161 at 4% or $226,108 at 6%; with 100% employer match about $254,371 at 4% or $169,581 at 6%.
2005115$1,340,512$200,000$13,333iApproximate average salary by contribution assumption: employee only about $333,333 at 4% or $222,222 at 6%; with 50% employer match about $222,222 at 4% or $148,148 at 6%; with 100% employer match about $166,667 at 4% or $111,111 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-15$1,340,512$200,000$13,333iApproximate average salary by contribution assumption: employee only about $333,333 at 4% or $222,222 at 6%; with 50% employer match about $222,222 at 4% or $148,148 at 6%; with 100% employer match about $166,667 at 4% or $111,111 at 6%.
2004115$1,101,611$675,498$45,033iApproximate average salary by contribution assumption: employee only about $1,125,830 at 4% or $750,553 at 6%; with 50% employer match about $750,553 at 4% or $500,369 at 6%; with 100% employer match about $562,915 at 4% or $375,277 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-15$1,101,611$675,498$45,033iApproximate average salary by contribution assumption: employee only about $1,125,830 at 4% or $750,553 at 6%; with 50% employer match about $750,553 at 4% or $500,369 at 6%; with 100% employer match about $562,915 at 4% or $375,277 at 6%.
2003111$305,178$143,466$13,042iApproximate average salary by contribution assumption: employee only about $326,059 at 4% or $217,373 at 6%; with 50% employer match about $217,373 at 4% or $144,915 at 6%; with 100% employer match about $163,030 at 4% or $108,686 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-11$305,178$143,466$13,042iApproximate average salary by contribution assumption: employee only about $326,059 at 4% or $217,373 at 6%; with 50% employer match about $217,373 at 4% or $144,915 at 6%; with 100% employer match about $163,030 at 4% or $108,686 at 6%.
2002111$101,735$119,276$10,843iApproximate average salary by contribution assumption: employee only about $271,082 at 4% or $180,721 at 6%; with 50% employer match about $180,721 at 4% or $120,481 at 6%; with 100% employer match about $135,541 at 4% or $90,361 at 6%.
Parsec Financial Management Inc. Profit Sharing Plan-11$101,735$119,276$10,843iApproximate average salary by contribution assumption: employee only about $271,082 at 4% or $180,721 at 6%; with 50% employer match about $180,721 at 4% or $120,481 at 6%; with 100% employer match about $135,541 at 4% or $90,361 at 6%.