Retirement plan

DESMEULES, OLMSTEAD & OSTLER 401(K) RETIREMENT PLAN

Name: DESMEULES, OLMSTEAD & OSTLER - DESMEULES, OLMSTEAD & OSTLER 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: DESMEULES, OLMSTEAD & OSTLER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DESMEULES, OLMSTEAD & OSTLER 401(K) RETIREMENT PLAN, DESMEULES, OLMSTEAD & OSTLER

DESMEULES, OLMSTEAD & OSTLEREIN 03-0310085Plan #001PY 2023

PO BOX 1090 - NORWICH, VT 050551090802-649-2001doolaw.comLinkedIn1-10 employeeslegal services

Prospect flagsHigh feesHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$3M

-0.7% from 2022

Total participants

0.0% from 2022

Average account balance

$504,068

+15.8% from 2022

Annual return

12.46%

+29.04 pp from 2022

Benchmarks

See 139,849 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,849 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.98M

Not enough data

1 years with asset history on file

Average account balance

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

$568K

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10933

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 codes2E2F2G2J2T3D

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).
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.
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.
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

3 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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$504K

$72067 / participant

Other / not subdivided$504K100.0%

% of EOY assets

16.680%

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

$504,068

$148,582+239.3%

$135,942+270.8%

$139,456+261.5%

Participation rate

85.7%

83.9%+1.9pp

81.9%+3.8pp

80.3%+5.4pp

Annual return

12.46%

79.26%-66.8pp

68.28%-55.8pp

373.45%-361.0pp

Employer contribution / active EE

$3,660

$5,245-30.2%

$4,858-24.7%

$4,753-23.0%

Participant deferral / active EE

$9,405

$8,101+16.1%

$7,759+21.2%

$6,711+40.1%

Admin fee / account holder

$84,079

$12,402+577.9%

$10,764+681.1%

$11,407+637.1%

DESMEULES, OLMSTEAD & OSTLER 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DESMEULES, OLMSTEAD & OSTLER 401(K) RETIREMENT 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