Retirement plan

LAW OFFICES OF MICHAEL SCAFIDDI 401 (K) PLAN

Name: LAW OFFICES OF MICHAEL SCAFIDDI - LAW OFFICES OF MICHAEL SCAFIDDI 401 (K) PLAN (2020) Form 5500
Creator: LAW OFFICES OF MICHAEL SCAFIDDI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAW OFFICES OF MICHAEL SCAFIDDI 401 (K) PLAN, LAW OFFICES OF MICHAEL SCAFIDDI

LAW OFFICES OF MICHAEL SCAFIDDIEIN 01-0729877Plan #001PY 2020

432 N. ARROWHEAD AVENUE - SAN BERNARDINO, CA 92401909-381-1000scafiddilaw.comLinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$336K

+31.1% from 2019

Total participants

+8.3% from 2019

Average account balance

$30,544

+19.2% from 2019

Annual return

15.83%

-4.39 pp from 2019

Benchmarks

See 120,779 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,779 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$618K

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$86K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+8.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7343

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 codes2E2F2J3D

Plan features

2E
Profit-sharing
Profit-sharing 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).
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$32K

$2492 / participant

Other / not subdivided$32K100.0%

% of EOY assets

9.644%

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

$30,544

$165,361-81.5%

$149,715-79.6%

$158,950-80.8%

Participation rate

84.6%

84.6%0pp

82.5%+2.1pp

82.0%+2.7pp

Annual return

15.83%

348.24%-332.4pp

276.66%-260.8pp

302.91%-287.1pp

Employer contribution / active EE

$2,108

$5,103-58.7%

$4,645-54.6%

$4,762-55.7%

Participant deferral / active EE

$3,205

$7,182-55.4%

$6,842-53.2%

$5,983-46.4%

Admin fee / account holder

$2,946

$10,808-72.7%

$9,310-68.4%

$11,248-73.8%

LAW OFFICES OF MICHAEL SCAFIDDI 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAW OFFICES OF MICHAEL SCAFIDDI 401 (K) 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