Retirement plan

UPDIKE, KELLY & SPELLACY, P.C. PROFIT SHARING PLAN

Name: UPDIKE, KELLY & SPELLACY, P.C. - UPDIKE, KELLY & SPELLACY, P.C. PROFIT SHARING PLAN (2018) Form 5500
Creator: UPDIKE, KELLY & SPELLACY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPDIKE, KELLY & SPELLACY, P.C. PROFIT SHARING PLAN, UPDIKE, KELLY & SPELLACY, P.C.

UPDIKE, KELLY & SPELLACY, P.C.EIN 06-0859435Plan #001PY 2018

100 PEARL STREET - HARTFORD, CT 06103860-548-2600uks.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$38.8M

-4.2% from 2017

Total participants

109

-4.4% from 2017

Average account balance

$369,974

-2.4% from 2017

Annual return

-4.13%

-28.95 pp from 2017

Benchmarks

See 25,537 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,537 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$91.28M

Not enough data

1 years with asset history on file

Average account balance

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

$1.1M

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.

124.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+18.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46661

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
WHITTLESEY PC1 year Filed as: WHITTLESEY & HADLEY PC Service code 99 2800 TRUMBULL STREET · HARTFORD, CT 06103	Other Fees	$9,500
THE ANGELL PENSION GROUP, INC.2 years Service code 13 10 HEMINGWAY DRIVE · EAST PROVIDENCE, RI 02915	Contract Administrator	$7,886
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$1,379

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

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.
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.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WHITTLESEY PC
Auditor EIN: 060903326
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$369,974

$77,813+375.5%

$123,544+199.5%

$64,186+476.4%

Participation rate

95.3%

74.7%+20.6pp

82.3%+13.1pp

69.6%+25.8pp

Annual return

-4.13%

12.48%-16.6pp

119.20%-123.3pp

7.63%-11.8pp

Employer contribution / active EE

$7,791

$3,014+158.5%

$4,628+68.4%

$2,381+227.2%

Participant deferral / active EE

$9,471

$5,240+80.7%

$6,426+47.4%

$3,470+173.0%

Admin fee / account holder

$5,519-100.0%

$9,284-100.0%

$4,888-100.0%

Provider

Service type

Compensation

WHITTLESEY PC1 year

Filed as: WHITTLESEY & HADLEY PC

Service code 99

2800 TRUMBULL STREET · HARTFORD, CT 06103

Other Fees

$9,500

THE ANGELL PENSION GROUP, INC.2 years

Service code 13

10 HEMINGWAY DRIVE · EAST PROVIDENCE, RI 02915

Contract Administrator

$7,886

AMERICAN FUNDS2 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$1,379

UPDIKE, KELLY & SPELLACY, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

UPDIKE, KELLY & SPELLACY, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion