Retirement plan

REID AND RIEGE, P.C. SAVINGS AND RETIREMENT PLAN

Name: REID AND RIEGE, P.C. - REID AND RIEGE, P.C. SAVINGS AND RETIREMENT PLAN (2020) Form 5500
Creator: REID AND RIEGE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REID AND RIEGE, P.C. SAVINGS AND RETIREMENT PLAN, REID AND RIEGE, P.C.

REID AND RIEGE, P.C.EIN 06-0867204Plan #003PY 2020

755 MAIN STREET, FLOOR 21 - HARTFORD, CT 06103860-240-1064rrlawpc.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$13.5M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$35.5M

+16.3% from 2019

Total participants

+3.7% from 2019

Average account balance

$443,968

+12.0% from 2019

Annual return

15.60%

-5.44 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.80M

Not enough data

1 years with asset history on file

Average account balance

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

$408K

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.

162.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$34K

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

+13.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53274

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 codes2E2F2G2J2T

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$22606 / participant

Other / not subdivided$1M100.0%

% of EOY assets

3.883%

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

$443,968

$98,776+349.5%

$149,745+196.5%

$79,856+456.0%

Participation rate

93.4%

75.8%+17.7pp

82.5%+11.0pp

69.6%+23.8pp

Annual return

15.60%

27.38%-11.8pp

276.72%-261.1pp

31.71%-16.1pp

Employer contribution / active EE

$15,351

$3,217+377.2%

$4,646+230.4%

$2,471+521.2%

Participant deferral / active EE

$10,942

$5,681+92.6%

$6,843+59.9%

$3,741+192.5%

Admin fee / account holder

$17,237

$6,053+184.8%

$9,312+85.1%

$5,306+224.8%

REID AND RIEGE, P.C. SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REID AND RIEGE, P.C. SAVINGS AND 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