Retirement plan

BOWDITCH & DEWEY PROFIT SHARING PLAN

Name: BOWDITCH & DEWEY, LLP - BOWDITCH & DEWEY PROFIT SHARING PLAN (2019) Form 5500
Creator: BOWDITCH & DEWEY, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOWDITCH & DEWEY PROFIT SHARING PLAN, BOWDITCH & DEWEY, LLP

BOWDITCH & DEWEY, LLPEIN 04-2297674Plan #001PY 2019

P.O.BOX 15156 - WORCESTER, MA 01615508-926-3310bowditch.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$55.9M

+24.9% from 2018

Total participants

181

-0.5% from 2018

Average account balance

$314,085

+27.0% from 2018

Annual return

25.44%

+29.35 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$70.20M

Not enough data

1 years with asset history on file

Average account balance

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

$371K

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.

189

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+21.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
EPSTEIN FINANCIAL SERVICES1 year Service code 27 · EIN 04-4026919	Advisory (Plan)	$40,000
THE ANGELL PENSION GROUP, INC.2 years Service code 70 · EIN 04-2530412	Consulting Fees	$7,000
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	-$15,133

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$32K

$285 / participant

Other / not subdivided$32K100.0%

% of EOY assets

0.057%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BOLLUS LYNCH LLP
Auditor EIN: 043037870
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$314,085

$89,652+250.3%

$141,191+122.5%

$65,185+381.8%

Participation rate

97.3%

74.7%+22.6pp

82.5%+14.8pp

70.2%+27.1pp

Annual return

25.44%

32.79%-7.4pp

71.41%-46.0pp

29.38%-3.9pp

Employer contribution / active EE

$6,035

$3,065+96.9%

$4,736+27.4%

$2,177+177.2%

Participant deferral / active EE

$11,400

$5,691+100.3%

$6,710+69.9%

$3,514+224.4%

Admin fee / account holder

$179

$569-68.5%

$10,264-98.3%

$847-78.9%

Provider

Service type

Compensation

EPSTEIN FINANCIAL SERVICES1 year

Service code 27 · EIN 04-4026919

Advisory (Plan)

$40,000

THE ANGELL PENSION GROUP, INC.2 years

Service code 70 · EIN 04-2530412

Consulting Fees

$7,000

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$15,133

BOWDITCH & DEWEY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOWDITCH & DEWEY PROFIT SHARING 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