Retirement plan

WEINSTEIN & FORMANEK, P.C. RETIREMENT PLAN

Name: WEINSTEIN & FORMANEK, P.C. - WEINSTEIN & FORMANEK, P.C. RETIREMENT PLAN (2020) Form 5500
Creator: WEINSTEIN & FORMANEK, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEINSTEIN & FORMANEK, P.C. RETIREMENT PLAN, WEINSTEIN & FORMANEK, P.C.

WEINSTEIN & FORMANEK, P.C.dba YOUNG AMERICA CAPITAL, LLCEIN 13-3118260Plan #003PY 2020

141 E BOSTON POST RD - MAMARONECK, NY 105433758914-698-4123LinkedIn1-10 employeesaccounting

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$561K

-7.4% from 2019

Total participants

0.0% from 2019

Average account balance

$186,882

-7.4% from 2019

Annual return

-20.87%

-17.31 pp from 2019

Benchmarks

See 120,737 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,737 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$875K

Not enough data

1 years with asset history on file

Average account balance

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

$292K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+7.36%

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 codes2G2J2R3B

Plan features

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

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

$186,882

$165,399+13.0%

$149,745+24.8%

$158,982+17.5%

Participation rate

100.0%

84.6%+15.4pp

82.5%+17.5pp

82.0%+18.0pp

Annual return

-20.87%

348.34%-369.2pp

276.72%-297.6pp

302.99%-323.9pp

Employer contribution / active EE

$2,440

$5,105-52.2%

$4,646-47.5%

$4,763-48.8%

Participant deferral / active EE

$24,806

$7,183+245.4%

$6,843+262.5%

$5,983+314.6%

Admin fee / account holder

$10,811-100.0%

$9,312-100.0%

$11,252-100.0%

WEINSTEIN & FORMANEK, P.C. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

WEINSTEIN & FORMANEK, P.C. RETIREMENT 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