Retirement plan

WOODMAN EDMANDS DANYLIK AUSTIN SMITH & JACQUES PA, PENSION PLAN

Name: WOODMAN EDMANDS DANYLIK ETAL - WOODMAN EDMANDS DANYLIK AUSTIN SMITH & JACQUES PA, PENSION PLAN (2019) Form 5500
Creator: WOODMAN EDMANDS DANYLIK ETAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOODMAN EDMANDS DANYLIK AUSTIN SMITH & JACQUES PA, PENSION PLAN, WOODMAN EDMANDS DANYLIK ETAL

WOODMAN EDMANDS DANYLIK ETALEIN 01-0468992Plan #001PY 2019

234 MAIN STREET, PO BOX 468 - BIDDEFORD, ME 040050468207-284-4581LinkedIn11-50 employeeslegal services

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.5M

+18.8% from 2018

Total participants

+10.0% from 2018

Average account balance

$158,537

+8.0% from 2018

Annual return

17.21%

+21.50 pp from 2018

Benchmarks

See 119,329 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,329 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$82K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

146.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$150K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.26%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$37129

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D2C2R

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$39K

$1969 / participant

Other / not subdivided$39K100.0%

% of EOY assets

1.129%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158,537

$157,304+0.8%

$141,197+12.3%

$152,909+3.7%

Participation rate

100.0%

84.8%+15.2pp

82.5%+17.5pp

Annual return

17.21%

64.34%-47.1pp

71.41%-54.2pp

345.46%-328.3pp

Employer contribution / active EE

$4,368

$5,263-17.0%

$4,736-7.8%

$4,764-8.3%

Participant deferral / active EE

$7,111-100.0%

$6,710-100.0%

$5,851-100.0%

Admin fee / account holder

$1,790

$12,126-85.2%

$10,265-82.6%

$11,601-84.6%

WOODMAN EDMANDS DANYLIK AUSTIN SMITH & JACQUES PA, PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOODMAN EDMANDS DANYLIK AUSTIN SMITH & JACQUES PA, PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion