Retirement plan

MARC A BOYCE, CPA & ASSOCIATES PC FKA WIECHMANN BOYCE & ASSOCIATES LLP PROFIT SHARING PLAN

Name: MARC A BOYCE, CPA & ASSOCIATES PC - MARC A BOYCE, CPA & ASSOCIATES PC FKA WIECHMANN BOYCE & ASSOCIATES LLP PROFIT SHARING PLAN (2019) Form 5500
Creator: MARC A BOYCE, CPA & ASSOCIATES PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARC A BOYCE, CPA & ASSOCIATES PC FKA WIECHMANN BOYCE & ASSOCIATES LLP PROFIT SHARING PLAN, MARC A BOYCE, CPA & ASSOCIATES PC

MARC A BOYCE, CPA & ASSOCIATES PCEIN 05-0523988Plan #001PY 2019

5390 NORTH ACADEMY BLVD, SUITE 300 - COLORADO SPRINGS, CO 80918719-596-6110wiechmanncpa.comLinkedIn11-50 employeesaccounting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1M

+4.2% from 2018

Total participants

+5.9% from 2018

Average account balance

$58,045

-1.6% from 2018

Annual return

15.22%

+19.53 pp from 2018

Benchmarks

See 119,329 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,329 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$77K

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2H2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

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

$202K

$16831 / participant

Other / not subdivided$202K100.0%

% of EOY assets

19.331%

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

$58,045

$157,304-63.1%

$141,197-58.9%

$152,909-62.0%

Participation rate

100.0%

84.8%+15.2pp

82.5%+17.5pp

Annual return

15.22%

64.34%-49.1pp

71.41%-56.2pp

345.46%-330.2pp

Employer contribution / active EE

$4,239

$5,263-19.5%

$4,736-10.5%

$4,764-11.0%

Participant deferral / active EE

$3,292

$7,111-53.7%

$6,710-50.9%

$5,851-43.7%

Admin fee / account holder

$11,221

$12,126-7.5%

$10,265+9.3%

$11,601-3.3%

MARC A BOYCE, CPA & ASSOCIATES PC FKA WIECHMANN BOYCE & ASSOCIATES LLP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARC A BOYCE, CPA & ASSOCIATES PC FKA WIECHMANN BOYCE & ASSOCIATES LLP 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