Retirement plan

SCHWARTZ/SILVER ARCHITECTS SALARY DEFERRAL 401(K) PROFIT SHARING PLAN

Name: SCHWARTZ/SILVER ARCHITECTS - SCHWARTZ/SILVER ARCHITECTS SALARY DEFERRAL 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SCHWARTZ/SILVER ARCHITECTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHWARTZ/SILVER ARCHITECTS SALARY DEFERRAL 401(K) PROFIT SHARING PLAN, SCHWARTZ/SILVER ARCHITECTS

SCHWARTZ/SILVER ARCHITECTSEIN 04-2965181Plan #001PY 2022

75 KNEELAND STREET, 3RD FLOOR - BOSTON, MA 02111617-542-6650

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.3M

-15.5% from 2021

Total participants

-8.7% from 2021

Average account balance

$166,495

-11.3% from 2021

Annual return

-19.56%

-37.01 pp from 2021

Benchmarks

See 133,872 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.44M

Not enough data

1 years with asset history on file

Average account balance

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

$248K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$387K

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

+17.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$878

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

2 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).

Expense breakdown

Schedule H Part II

Admin total

$43K

$2658 / participant

Other / not subdivided$43K100.0%

% of EOY assets

1.277%

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

$166,495

$138,102+20.6%

$125,381+32.8%

$134,532+23.8%

Participation rate

93.8%

84.5%+9.3pp

82.4%+11.4pp

81.2%+12.5pp

Annual return

-19.56%

750.73%-770.3pp

572.31%-591.9pp

418.27%-437.8pp

Employer contribution / active EE

$1,643

$5,245-68.7%

$4,815-65.9%

$4,741-65.3%

Participant deferral / active EE

$11,000

$7,801+41.0%

$7,448+47.7%

$6,401+71.8%

Admin fee / account holder

$2,126

$11,568-81.6%

$10,007-78.8%

$11,429-81.4%

SCHWARTZ/SILVER ARCHITECTS SALARY DEFERRAL 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHWARTZ/SILVER ARCHITECTS SALARY DEFERRAL 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