Retirement plan

GOULD, LARSON, BENNET, WELLS & MCDONNELL, P.C. PROFIT SHARING PLAN

Name: GOULD, LARSON, BENNET, WELLS & MCDONNELL, P.C. - GOULD, LARSON, BENNET, WELLS & MCDONNELL, P.C. PROFIT SHARING PLAN (2016) Form 5500
Creator: GOULD, LARSON, BENNET, WELLS & MCDONNELL, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOULD, LARSON, BENNET, WELLS & MCDONNELL, P.C. PROFIT SHARING PLAN, GOULD, LARSON, BENNET, WELLS & MCDONNELL, P.C.

GOULD, LARSON, BENNET, WELLS & MCDONNELL, P.C.EIN 06-1412726Plan #002PY 2016

30 PLAINS ROAD, PO BOX 959 - ESSEX, CT 064261503860-767-9055gould-larson.comLinkedIn1-10 employeeslegal services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

No prior year

Total participants

No prior year

Average account balance

$243,253

No prior year

Annual return

4.87%

No prior year

Benchmarks

See 113,086 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort113,086 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.01M

Not enough data

1 years with asset history on file

Average account balance

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

$335K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+16.43%

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 codes2E2F2G2J2R

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.

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

$22K

$3738 / participant

Other / not subdivided$22K100.0%

% of EOY assets

1.317%

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

$243,253

$135,956+78.9%

$123,894+96.3%

$273,972-11.2%

Participation rate

83.3%

84.1%-0.7pp

81.4%+1.9pp

83.0%+0.3pp

Annual return

4.87%

56.63%-51.8pp

47.52%-42.7pp

41.46%-36.6pp

Employer contribution / active EE

$4,398

$5,170-14.9%

$4,617-4.7%

$4,869-9.7%

Participant deferral / active EE

$9,164

$6,343+44.5%

$5,984+53.1%

$5,287+73.3%

Admin fee / account holder

$3,204

$9,817-67.4%

$8,357-61.7%

$10,133-68.4%

GOULD, LARSON, BENNET, WELLS & MCDONNELL, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOULD, LARSON, BENNET, WELLS & MCDONNELL, 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