Retirement plan

KECHES LAW GROUP, P.C. 401(K) PROFIT SHARING PLAN

Name: KECHES LAW GROUP, P.C. - KECHES LAW GROUP, P.C. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: KECHES LAW GROUP, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KECHES LAW GROUP, P.C. 401(K) PROFIT SHARING PLAN, KECHES LAW GROUP, P.C.

KECHES LAW GROUP, P.C.EIN 04-2907663Plan #001PY 2020

2 LAKESHORE CENTER, SUITE 300 - BRIDGEWATER, MA 02324508-822-2000kecheslaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$23.5M

+11.9% from 2019

Total participants

141

+3.7% from 2019

Average account balance

$166,892

+7.9% from 2019

Annual return

16.49%

-9.03 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.62M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

233

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

$1.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+16.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$785

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
O'ROURKE & COMPANY1 year Service code 19 · EIN 04-2953358 ONE LIBERTY SQUARE · BOSTON, MA 02109	Securities Custodian	$24,136
EPIC RETIREMENT PLAN SERVICES1 year Filed as: UNITED RETIREMENT PLAN CONSULTANTS Service code 15 · EIN 04-2677407	Recordkeeping	$21,141
NATIONAL FINANCIAL SERVICES1 year Filed as: NATIONAL FINANCIAL SERVICES LLC Service code 19 · EIN 04-3523567	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2G2J3D2F

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

$103K

$981 / participant

Investment mgmt$103K99.7%
Contract admin$3000.3%

% of EOY assets

0.438%

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: D.E. RODRIGUES & COMPANY, INC.
Auditor EIN: 043139024
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$166,892

$99,957+67.0%

$149,745+11.5%

$73,497+127.1%

Participation rate

100.0%

75.7%+24.3pp

82.5%+17.5pp

70.7%+29.3pp

Annual return

16.49%

53.87%-37.4pp

276.72%-260.2pp

28.51%-12.0pp

Employer contribution / active EE

$5,088

$3,191+59.4%

$4,646+9.5%

$2,270+124.1%

Participant deferral / active EE

$5,705

$6,073-6.0%

$6,843-16.6%

$3,740+52.6%

Admin fee / account holder

$731

$551+32.7%

$9,312-92.2%

$513+42.4%

Provider

Service type

Compensation

O'ROURKE & COMPANY1 year

Service code 19 · EIN 04-2953358

ONE LIBERTY SQUARE · BOSTON, MA 02109

Securities Custodian

$24,136

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: UNITED RETIREMENT PLAN CONSULTANTS

Service code 15 · EIN 04-2677407

Recordkeeping

$21,141

NATIONAL FINANCIAL SERVICES1 year

Filed as: NATIONAL FINANCIAL SERVICES LLC

Service code 19 · EIN 04-3523567

Securities Custodian

KECHES LAW GROUP, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KECHES LAW GROUP, P.C. 401(K) 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