Retirement plan

MARK K. MORRISON LANDSCAPE ARCHITECTURE P C PROFIT SHARING PLAN

Name: MARK K. MORRISON LANDSCAPE ARCHITECTURE P C - MARK K. MORRISON LANDSCAPE ARCHITECTURE P C PROFIT SHARING PLAN (2020) Form 5500
Creator: MARK K. MORRISON LANDSCAPE ARCHITECTURE P C
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARK K. MORRISON LANDSCAPE ARCHITECTURE P C PROFIT SHARING PLAN, MARK K. MORRISON LANDSCAPE ARCHITECTURE P C

MARK K. MORRISON LANDSCAPE ARCHITECTURE P CEIN 13-3215380Plan #001PY 2020

P.O. BOX 419 - WASSAIC, NY 12592917-560-4302markkmorrison.comLinkedIn1-10 employeesarchitecture & planning

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$464K

+1.6% from 2019

Total participants

-9.1% from 2019

Average account balance

$24,415

-14.4% from 2019

Annual return

16.65%

+4.70 pp from 2019

Benchmarks

See 36,228 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,228 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$827K

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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

$52K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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 codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.)
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

$133K

$14729 / participant

Other / not subdivided$133K100.0%

% of EOY assets

28.576%

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

$24,415

$100,895-75.8%

$90,430-73.0%

$158,950-84.6%

Participation rate

88.9%

75.0%+13.9pp

72.7%+16.2pp

82.0%+6.9pp

Annual return

16.65%

1725.54%-1708.9pp

1293.73%-1277.1pp

302.91%-286.3pp

Employer contribution / active EE

$1,840

$3,689-50.1%

$3,262-43.6%

$4,762-61.4%

Participant deferral / active EE

$5,278

$4,347+21.4%

$3,963+33.2%

$5,983-11.8%

Admin fee / account holder

$6,977

$6,505+7.2%

$5,613+24.3%

$11,248-38.0%

MARK K. MORRISON LANDSCAPE ARCHITECTURE P C PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARK K. MORRISON LANDSCAPE ARCHITECTURE 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