Retirement plan

WOLF, GREENFIELD & SACKS, P.C. 401(K) PLAN

Name: WOLF, GREENFIELD & SACKS, P.C. - WOLF, GREENFIELD & SACKS, P.C. 401(K) PLAN (2020) Form 5500
Creator: WOLF, GREENFIELD & SACKS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOLF, GREENFIELD & SACKS, P.C. 401(K) PLAN, WOLF, GREENFIELD & SACKS, P.C.

WOLF, GREENFIELD & SACKS, P.C.EIN 04-2613631Plan #004PY 2020

600 ATLANTIC AVENUE - BOSTON, MA 02110617-720-3500wolfgreenfield.comLinkedIn201-500 employeeslaw practice

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$142.6M

+25.4% from 2019

Total participants

466

+5.9% from 2019

Average account balance

$317,529

+17.3% from 2019

Annual return

19.94%

-7.08 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$213.19M

Not enough data

1 years with asset history on file

Average account balance

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

$358K

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.

595

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+15.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$434

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 4 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY6+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS Service code 15 · EIN 01-0233346	Recordkeeping	$107,931
FIDUCIARY INVESTMENT ADVISORS6+ years Service code 16 · EIN 20-4751585	Consulting	$22,647
MAYER HOFFMAN MCCANN P.C.6+ years Filed as: MAYER HOFFMAN MCCANN PC Service code 10 · EIN 43-1947695	Accounting	$16,250
DIMEO SCHNEIDER & ASSOCIATES LLC1 year Filed as: DIMEO SCHNEIDER & ASSOCIATES Service code 27 · EIN 36-4001764	Advisory (Plan)	$15,000

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

3 tripped

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

$162K

$456 / participant

Investment mgmt$54K33.4%
Contract admin$92K56.6%
Other / not subdivided$16K10.0%

% of EOY assets

0.114%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$317,529

$100,801+215.0%

$149,745+112.0%

$73,412+332.5%

Participation rate

95.2%

77.7%+17.5pp

82.5%+12.7pp

72.2%+23.0pp

Annual return

19.94%

265.34%-245.4pp

276.72%-256.8pp

59.30%-39.4pp

Employer contribution / active EE

$9,437

$3,312+185.0%

$4,646+103.1%

$2,234+322.5%

Participant deferral / active EE

$10,898

$6,404+70.2%

$6,843+59.3%

$3,806+186.3%

Admin fee / account holder

$360

$181+99.3%

$9,312-96.1%

$158+128.3%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY6+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS

Service code 15 · EIN 01-0233346

Recordkeeping

$107,931

FIDUCIARY INVESTMENT ADVISORS6+ years

Service code 16 · EIN 20-4751585

Consulting

$22,647

MAYER HOFFMAN MCCANN P.C.6+ years

Filed as: MAYER HOFFMAN MCCANN PC

Service code 10 · EIN 43-1947695

Accounting

$16,250

DIMEO SCHNEIDER & ASSOCIATES LLC1 year

Filed as: DIMEO SCHNEIDER & ASSOCIATES

Service code 27 · EIN 36-4001764

Advisory (Plan)

$15,000

WOLF, GREENFIELD & SACKS, P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOLF, GREENFIELD & SACKS, P.C. 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