Retirement plan

ISAACSON RETIREMENT PLAN

Name: ISAACSON MILLER - ISAACSON RETIREMENT PLAN (2020) Form 5500
Creator: ISAACSON MILLER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ISAACSON RETIREMENT PLAN, ISAACSON MILLER

ISAACSON MILLEREIN 04-3061714Plan #001PY 2020

263 SUMMER STREET - BOSTON, MA 02210617-262-6500imsearch.comLinkedIn201-500 employeesmanagement consulting

Other plans on this EIN

1 filing

#002Retirement-$17.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$33.3M

+4.9% from 2019

Total participants

281

-6.3% from 2019

Average account balance

$120,580

+11.4% from 2019

Annual return

14.48%

-8.47 pp from 2019

Benchmarks

See 1,065 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,065 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.40M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

345

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$357

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
SUMMIT FINANCIAL CORPORATION6+ years Service code 13 · EIN 04-3222046	Contract Administrator	$40,271
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$29,258
COMMONWEALTH FINANCIAL NETWORK6+ years Filed as: COMMONWEALTH FINANCIAL Service code 33 · EIN 04-2675571 29 SAWYER ROAD · WALTHAM, MA 02453	Other fees; Securities brokerage	$28,425
ISAACSON MILLER1 year Service code 99 · EIN 04-3061714	Other Fees	$7,230

Plan features & details

Pension benefit codes2G2E2J2T3D2F2R2S

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$109K

$555 / participant

Investment mgmt$109K100.0%

% of EOY assets

0.329%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,580

$43,133+179.6%

$89,400+34.9%

$73,493+64.1%

Participation rate

97.5%

55.0%+42.5pp

68.0%+29.5pp

70.7%+26.8pp

Annual return

14.48%

135.66%-121.2pp

245.64%-231.2pp

28.51%-14.0pp

Employer contribution / active EE

$1,438-100.0%

$2,586-100.0%

$2,270-100.0%

Participant deferral / active EE

$8,521

$2,445+248.6%

$3,890+119.0%

$3,740+127.8%

Admin fee / account holder

$396

$444-10.7%

$4,882-91.9%

$513-22.8%

Provider

Service type

Compensation

SUMMIT FINANCIAL CORPORATION6+ years

Service code 13 · EIN 04-3222046

Contract Administrator

$40,271

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$29,258

COMMONWEALTH FINANCIAL NETWORK6+ years

Filed as: COMMONWEALTH FINANCIAL

Service code 33 · EIN 04-2675571

29 SAWYER ROAD · WALTHAM, MA 02453

Other fees; Securities brokerage

$28,425

ISAACSON MILLER1 year

Service code 99 · EIN 04-3061714

Other Fees

$7,230

ISAACSON RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ISAACSON 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