Retirement plan

CLOSE, JENSEN AND MILLER, P.C. PROFIT SHARING PLAN

Name: CLOSE, JENSEN AND MILLER, P.C. - CLOSE, JENSEN AND MILLER, P.C. PROFIT SHARING PLAN (2017) Form 5500
Creator: CLOSE, JENSEN AND MILLER, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLOSE, JENSEN AND MILLER, P.C. PROFIT SHARING PLAN, CLOSE, JENSEN AND MILLER, P.C.

CLOSE, JENSEN AND MILLER, P.C.EIN 06-1188848Plan #001PY 2017

1137 SILAS DEANE HIGHWAY - WETHERSFIELD, CT 06109860-563-9375cjmpc.infoLinkedIn11-50 employeescivil engineering

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$5.4M

+21.4% from 2016

Total participants

-5.5% from 2016

Average account balance

$105,031

+30.9% from 2016

Annual return

14.17%

+7.61 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.95M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

117.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$749K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+8.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$78180

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$345K

$7493 / participant

Other / not subdivided$345K100.0%

% of EOY assets

6.435%

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

$105,031

$85,766+22.5%

$136,298-22.9%

$70,126+49.8%

Participation rate

97.8%

74.2%+23.7pp

81.9%+15.9pp

69.5%+28.3pp

Annual return

14.17%

31.46%-17.3pp

5156.27%-5142.1pp

73.15%-59.0pp

Employer contribution / active EE

$6,522

$2,966+119.9%

$4,696+38.9%

$2,343+178.4%

Participant deferral / active EE

$7,882

$5,051+56.0%

$6,247+26.2%

$3,332+136.6%

Admin fee / account holder

$6,758

$5,421+24.7%

$9,244-26.9%

$4,645+45.5%

CLOSE, JENSEN AND MILLER, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLOSE, JENSEN AND MILLER, P.C. 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